Patriot Gold's Moss Mine Project Property Wide Sampling Program Uncovers High Potential Gold Bearing Structures for Future Exploration
Patriot Gold's Moss Mine Project Property Wide Sampling Program Uncovers High Potential Gold Bearing Structures for Future Exploration
A total of 681 samples have been collected since the program began in September 2014, with a significant number returning gold mineralization with assays in excess of 1gpt in the Oatman Extension, Silver Creek Spring, Older Timer and Grapevine areas.
Several previously identified structures have shown mineralization over significant strike lengths.
The use of airborne geophysics and magnetic data highlighted potential structures for further exploration which also conform to previously identified aeromagnetic trends.
Plans are underway to conduct mapping and sampling of additional veins later in 2015.
The West Oatman Vein System - This vein system is defined by a fault striking N70W mapped for a distance of 4.5 kilometers. Three separate sections of the vein have been identified - the West Oatman Main, the West Oatman East and the West Oatman West - for a combined strike length of 1.6 kilometers. These are similar to the Moss vein system with both well-developed veins and quartz-calcite breccia stockwork zones.
The Silver Creek Spring Vein System - This vein system trends N80W for 1.2 kilometers and contains several historic shafts and surface diggings. Surface exposures are up to 5m wide.
The Old Timer Vein System - This historic vein system has a strike length of 1.0 kilometers, trending S80E. It is a series of en echelon veins that appear to splay off the NNW-trending Canyon Fault similar to what is seen at the Moss deposit.
The Grapevine and Florence Hill Area/System - The Grapevine and Florence Hill areas consist of a series of silica-capped hills underlain by strongly clay altered volcanic rocks. The silica caps are replacements of host volcanic rocks. Quartz veins are rare, but some narrow veins have highly anomalous gold values. Preliminary mapping shows that NNE to NNW-trending silicified ribs cut the strongly clay altered volcanic rocks. Anomalous gold, molybdenum and fluorine values were detected in the silica ribs in previous work. Although additional work is needed, preliminary indications are that surface alteration and mineralization is at a high level in the epithermal depositional system. The boiling or gold zone could be at some depth below the surface rock exposures.
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at http://www.sec.gov.