same Dr. Stuart Simmons who wroked for EC RZ bring it on.........
--Renowned Geological Expert's Report States that Initial Exploration Drilling Results Appear to Indicate "Significant Opportunity for Discovery of Precious Metal Ores" at Nye County Site--
LAS VEGAS, Aug. 2, 2012/PRNewswire/ -- Patriot Gold Corp. (OTC: PGOL) or ("Patriot Gold"), is very pleased to announce the results from the first hole of the six-hole Phase II drilling program at its Bruner project located in Nye County, Nevada, which consists of 98 unpatented and 21 patented mining claims covering approximately 2,380 acres.
study for a total of 75% interest in the project.
Canamex Statements
In June 2012, Dr. Stuart Simmons, a world renowned expert on volcanic-hosted epithermal gold-silver deposits and a consultant for Canamex, produced a summary report of his work and observations of the Bruner site. In his report, Dr. Simmons stated: "The patterns of hydrothermal alteration and mineralization at Bruner represent the boiling up-flow zone of a once active hydrothermal system that transported/deposited gold and silver. These attributes mean that the environment and processes conducive to formation of epithermal precious metal mineralization existed. Based on gaps in the exploration drilling, there appears to be significant opportunity for discovery of precious metal ores in blind veins or in lateral-vertical extensions of historically productive veins."
"The drill hole intercept [from B-1201] opens up a new exploration area and deposit type within the Bruner property. The grade and thickness exceed anything in the historical database or drilled previously by the Company [Canamex] and indicates the potential for a deposit of significant size and grade may be present on the property," said Greg Hahn, Chairman and CEO of Canamex. "The intercept is open in almost all directions and the presence of high gold values, breccias and hydrothermal quartz and textures indicates a very robust hydrothermal system is represented by the intercepts in drill hole B-1201."