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Patriot Gold Ord Shs C.PGOL

Alternate Symbol(s):  PGOL

Patriot Gold Corp. is a natural resource exploration and mining company, which acquires, explores, and develops natural resource properties. The Company's primary focus in the natural resource sector is gold. Its property holdings consist of Vernal Property, the Windy Peak Property, a royalty with respect to the Moss Mine Project, and a royalty with respect to the Bruner Gold Project. The Vernal Property is located approximately 140 miles east-southeast of Reno, Nevada, on the west side of the Shoshone Mountains. It holds the property through approximately 12 unpatented mining claims over 248 acres. The Moss Mine Property is located in the Oatman Mining District of Mohave County Arizona. The Windy Peak Property consists of about 114 unpatented mineral claims covering approximately 2,337 acres, three miles north-northeast of Bell Mountain. The Company holds a royalty of 2% of Net Smelter Returns with respect to the Bruner Gold Project that consists of 26 patented mining claims.


CSE:PGOL - Post by User

Comment by Roddiggition Jan 21, 2021 4:15pm
64 Views
Post# 32351309

RE:RE:RE:RE:RE:RE:another day another all time high

RE:RE:RE:RE:RE:RE:another day another all time high

Hi Griz,

It's impossible that PGOL either lost or sold the 2% royalty. By law they would have to notify the market and amend their quarterly results. As per their MD&A(ending September 30th 2020) they had the 2% Bruner royalty and it's also mentioned on their website. Not notiyfing shareholders would be illegal and could potentially cost Trevor his directorship. With that in mind, I believe the information Patriot Gold has is current and management would not take this risk.  Even their last news release says that they still have the royalty and that was 2 weeks ago:
 

Drilling Commencing at Patriot Gold's Windy Peak Gold Project in Nevada

2021-01-06 07:04 MT - News Release

 

LAS VEGAS, NV / ACCESSWIRE / January 6, 2021 / Patriot Gold Corp. (CSE:PGOL)(OTCQB:PGOL) - Patriot Gold Corp. ("Patriot") today announced that a drill rig and crew are on-site at Patriot's Windy Peak gold project near Fallon, Nevada. A drilling program is planned to test several gold targets. This reverse-circulation drilling program follows a core drilling program executed by Patriot at Windy Peak in the autumn of 2018, and a reverse circulation drilling program executed by Patriot in the winter of 2019. Patriot's 100%-owned Windy Peak gold project is situated in a gold-producing region which hosts such deposits as the Paradise Peak and Rawhide.

About Patriot Gold Corp

Patriot is exploring its 100%-owned gold projects in Nevada, which include the Windy Peak gold project, Rainbow Mountain gold project, and Vernal gold project. Patriot owns a 3% royalty in the Moss Mine in Arizona, now in commercial production. Patriot also owns a 2% royalty in the Bruner gold project in Nevada.

On Behalf of the Board of Patriot

Trevor Newton
President, Director

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