form8k012710.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT
REPORT PURSUANT
TO
SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported): January 27, 2010
PATRIOT GOLD
CORP.
(Exact
Name of Registrant as Specified in Its Charter)
|
Nevada
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000-32919
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86-0947048
|
|
(State
or Other Jurisdiction of Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
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3651
Lindell Road, Suite D
Las Vegas, Nevada,
USA
(Address
of Principal Executive Offices)
89103
(Zip
Code)
(702)
456-9565
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|_|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
|_|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Section
8 - Other Events
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Item
8.01 Resource Report
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Patriot
Gold Completes New Resource Report for Moss Mine Gold Project,
Arizona
January
27, 2010
Patriot
Gold Corp. (OTCBB: PGOL) today announced completion of a resource study at its
Moss Mine Gold Project located 10 miles east of Bullhead City, Arizona and
approximately 70 miles southeast of Las Vegas, Nevada. The project hosts a drill indicated
gold-silver resource of 20.8 million tons grading 0.028 oz/ton gold equivalent
for a total of 591,750 ounces (gold equivalent). Patriot Gold engaged
Paul D. Noland, a registered professional geologist to conduct the independent
study.
This
resource was determined using the assumption that the deposit will be an open
pit, bulk minable, heap leach mine. To keep mining and grade control cost
minimal, sub-cut off grade material within the boundary of the resource was
allowed to dilute the final grade. Although the resource is classed as
drill-indicated it will require systematic in-fill and down-dip drilling to be
placed into a final reserve category. A breakdown of the gold and silver content
of the resource is shown in the table below.
The full
report is available at http://www.patriotgoldcorp.com/Moss.Resource.pdf.
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Tons
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Avg
Grade opt
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Contained
Ounces
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Au
Only
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Ag
Only
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AuEq
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Au
Only
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Ag
Only
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AuEq
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Main
Zone
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20,167,215 |
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0.025 |
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0.264 |
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0.029 |
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507,936 |
|
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5,325,287 |
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581,906 |
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Hanging
Wall Zone
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608,148 |
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0.0126 |
|
|
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0.214 |
|
|
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0.016 |
|
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7,675 |
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130,136 |
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9,844 |
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|
|
|
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|
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Moss
Totals
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20,775,364 |
|
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0.025 |
|
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0.263 |
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0.028 |
|
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515,611 |
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5,455,423 |
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591,749 |
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The
likelihood of finding additional bulk minable ore on the property is considered
very good. Patriot Gold geologists have suggested the possibility of
main zone mineralization continuing at depth. Much of the Main Zone remains
untested down dip. The main body of mineralization appears to widen to the west
along strike, but the grade decreases. However, with the lower grades needed for
an open pit, heap leachable deposit, this material is now part of the resource.
This means the deposit is open-ended to the west. Continued drill
evaluation of down-dip and strike extensions is recommended by Mr.
Noland.
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 website at http://www.sec.gov.
Contact:
Investor
Relations
1-877-501-GOLD
(4653)
1-702-456-9565
www.patriotgoldcorp.com
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
PATRIOT
GOLD CORP.
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Dated:
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January
29, 2010
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By:
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/s/
Herb Duerr
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Name:
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Herb
Duerr
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Title:
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President,
Director
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