Patriot Gold (“Patriot”) provided the following update today to shareholders.
The Moss Mine, owned by Northern Vertex Mining (“Vertex”), has now entered production with the announcement of its first gold pour. Vertex also announced funding of $2,000,000 CDN for continued exploration and a commitment of up to $100 million USD for continued acquisition and development.
Patriot owns a 3 percent royalty on the Moss Mine.
In other business, Patriot is exploring its 100 percent-owned Windy Peak gold project in Nevada, and has announced permitting is in place for a drilling program. Patriot has identified several drilling targets, and is in the process of selecting a drilling contractor. The Windy Peak gold project (“Windy Peak”) is situated in a gold-producing region which hosts such deposits as the Paradise Peak and Rawhide.