Patriot Gold Announces Results From 15 Hole Drilling Project And Test Results From Leaching Of Low Grade Bulk Sample
July 12, 2013 (Source: PRNewswire) — Patriot Gold Corp. (OTC:PGOL) or (“Patriot Gold” or the “Company”), a developing gold and silver exploration and production company, today announced the results from a 15 hole drilling program and metallurgical results obtained from heap leach cyanidation (column leach) testwork on a mineralized material low grade bulk sample from its Moss Mine Gold-Silver project, located in Mohave County, Arizona.
- Results from the drilling program include completed assay results ranging from 1.16 g/t to 5.02 g/t of gold equivalent values (AuEq)
- Strong gold (Au) recovery results were achieved from test work on agglomerated samples of low grade material using heap leach cyanidation processing
- Gold recovery rate was more rapid for the low grade mineralized material vs. the high grade mineralized material (as previously reported in the Amended Preliminary Economic Assessment dated June 18, 2013)
- The column leach test recoveries were 82.7% for gold (Au) and 36% for silver (Ag) at a 73 day leach time on low grade materials
“The on-going progress and results from our Moss site continue to strengthen and support our belief that this Patriot Gold investment has the potential in the long-term to create significant revenues and profitability,” said Bob Coale, CEO of Patriot Gold. “With continued positive results from the drilling program and promising above average results from the heap leach test work done by McClelland Laboratories, we continue to gain increasing confidence in the belief that the Moss project will ultimately create enhanced value for our shareholders.”
Get our daily investorintel update
InvestorIntel is a trusted source of reliable information at the forefront of emerging markets that brings investment opportunities to discerning investors.