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Patriot Gold Corp (PGOL) provided a comprehensive update on its mining portfolio. The company owns a 3% net smelter royalty in the Moss Mine, Arizona, which has generated approximately $11 million USD in revenue to date. In April 2024, Patriot initiated legal action against Golden Vertex Corp regarding outstanding royalty payments, with the matter currently pending in US Bankruptcy Court.
Additionally, Patriot holds a 2% royalty in the Bruner gold project in Nevada, owned by Endeavour Silver Corp. The company also maintains 100% ownership of three exploration projects in Nevada: Windy Peak, Thra, and Vernal. Recent exploration at Windy Peak has revealed extensive hydrothermal breccias and vein systems along a 2.7-mile strike length, with drilling programs confirming upper-level low-sulfidation mineralization.
The company completed an aerial hyperspectral imagery project in Central Nevada, leading to the identification of several exploration targets and the staking of the Thra project, which spans 261 unpatented claims across approximately 5,391 acres.
Patriot Gold Corp (CSE:PGOL) announced an update on its operations on September 15, 2022. The company holds a 3% royalty on the Moss Mine in Arizona, which produced 6,809 ounces of gold and 28,115 ounces of silver in Q2 2022. Revenue for the first half of 2022 was $795,807, down from $980,181 in 2021. Patriot also owns a 2% royalty on the non-producing Bruner gold project and has 100% ownership in the Windy Peak and Vernal gold projects, with ongoing exploration efforts. Future drilling plans are in place for both Windy Peak and Bruner.
Patriot Gold Corp. (CSE:PGOL, OTCQB:PGOL) announced results from its drilling program at the Windy Peak Gold Project in Nevada, targeting areas with historic mineralization. The program, comprising 12 drillholes and totaling 5,005 feet, confirmed the presence of significant mineralized zones. Notable findings include intercepts of 6.570ppm Au over 5 feet and 20.350ppm Au over 10 feet at Windy Flats South. The company emphasizes that true mineralization thickness may vary. The project is part of Patriot's broader exploration strategy in Nevada.
Patriot Gold Corp. has initiated a drilling program at its Rainbow Mountain gold project located near Fallon, Nevada. A drill rig and crew are currently on-site to explore multiple gold targets through reverse-circulation drilling, following previous sampling and field work. The Rainbow Mountain project is part of Patriot's portfolio of 100%-owned gold projects in Nevada, which also includes Windy Peak and Vernal gold projects. Additionally, Patriot holds royalties in the Moss Mine in Arizona and the Bruner gold project in Nevada.
Patriot Gold Corp. (PGOL) provided a significant update on its operations, reporting a robust royalty revenue of $929,780 in H1 2020, up from $537,337 in the same period of 2019. The company benefits from a 3% royalty from the Moss Mine, which achieved record production of 4,218 gold ounces and 37,171 silver ounces in July. Additionally, Patriot holds a 2% royalty on the Bruner gold project and 100% interest in three exploration projects in Nevada. Future exploration is planned across its properties.
