LAS VEGAS, Sept. 3, 2013 /PRNewswire/ -- Patriot Gold Corp. (OTC: PGOL) or ("Patriot Gold"), a developing gold and silver exploration and production company, today announced that the Governor of Arizona, the Honorable Janice K. Brewer, marked the official opening of the Moss Mine Reactivation Project Pilot Plant during a ribbon cutting ceremony held in Bullhead City, Arizona on August 14, 2013.
The opening ceremony was also marked by the announcement that significant development milestones highlighted below have now been reached for the Phase I - Pilot Plant for the Moss Mine Gold-Silver Project located in the historic and active Oatman mining district near Bullhead City, Arizona.
- Construction on all major items for Phase I – Pilot Plant are completed.
- Operations are in full swing with the focus on completion of mining, crushing, agglomerating and stacking operations for the 90,000 tonnes planned in the Preliminary Economic Assessment.
- Leaching of the stacked mineralized material is also underway and will continue for the next 9-12 months with continual sampling and assaying of the leached material being performed.
"We were extremely honored to have Governor Brewer take time out of her busy schedule to attend the ribbon cutting ceremony and luncheon for the Moss Mine Project," said Bob Coale, CEO of Patriot Gold. "With construction on Phase I of the Pilot Plant complete and operations in full swing, our focus remains on continued execution with the goal of creating sustainable enhanced value for our shareholders."
While in attendance at the Moss Mine Reactivation Project Pilot Plant ribbon cutting ceremony and the luncheon that followed in her honor, Governor Brewer specifically recognized the Moss Project for being "a very significant addition" to the community of Bullhead City and its economic development. The ceremony was well attended by Bullhead City Mayor Jack Hakim, the citizens of Bullhead City and Mohave County and other representatives from the state of Arizona.
To view photos from the opening ceremony and the Moss Mine Gold-Silver Project, please click on the following link: http://www.patriotgoldcorp.com/gallery.php.
The Moss Mine Project & Patriot Gold's Optionee/Operator, Northern Vertex Corporation
The Moss Mine Project is located approximately seven miles due east of Bullhead City, Arizona. Patriot Gold is the 100% owner in the historic Moss Gold-Silver property located in Mohave County, Arizona, which is subject to certain royalties and an earn-in option agreement for 70% interest. The earn-in optionee/operator (Northern Vertex Corp.) has the right to earn a 70% interest in the project by completing an $8.5 million investment over five years and a bankable feasibility study. Subsequent to the earn-in, financing of the project will be on a proportional basis.
About Patriot Gold
Patriot Gold Corp. is a precious metals exploration and production company with the mission to discover and develop significant gold and silver assets. Headquartered in Las Vegas, Nevada, Patriot Gold currently holds a portfolio of two projects in Nevada (Bruner and Vernal) and its flagship Moss project in Arizona, each at varying stages of development from grassroots to advanced exploration and resource development. For more information, go to our website at www.patriotgoldcorp.com.
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.
SOURCE Patriot Gold Corp.