LAS VEGAS, NEVADA--(Marketwired - July 8, 2015) - Patriot Gold Corp. (OTCQB:PGOL) or ("Patriot Gold") announced today that Northern Vertex Mining Corporation and Golden Vertex Corporation ("Northern Vertex") and Patriot Gold have, as part of the arbitration process, appointed Hon. Robert E. Rose (Ret.) as the arbitrator.
Justice Rose (Ret.) has served the state of Nevada in all three branches of government. He has been a president of the state senate, Nevada's lieutenant governor, and a Chief Justice of the Supreme Court of Nevada. Since leaving the Supreme Court in January 2007, Justice Rose has conducted mediations and arbitrations in a great variety of cases.
Additional information regarding the scope of the arbitration is set forth in Patriot Gold's Press Release dated January 23, 2015.
The next step in the arbitration process is for the parties and the arbitrator to set a hearing date for the arbitration and schedule for arbitration deadlines.
The Moss Mine Project
Patriot's 100%-owned Moss Mine Project is located approximately seven miles due east of Bullhead City, Arizona. The Moss Mine project is subject to certain royalties and an earn-in option agreement for 70% interest. The earn-in optionee/operator (Northern Vertex Mining Corp.) has the right to earn a 70% interest in the project by completing an $8.5 million investment over five years and a bankable feasibility study.
About Patriot Gold Corp.
Patriot Gold Corp. is a precious metals exploration and production company, with three gold projects in the Southwest USA, the most advanced being its Moss Mine project in northern Arizona which has successfully completed its initial phase of production. Its Bruner gold project in Nevada is still being explored but has returned exceptional drill results to date. Its Vernal gold project in Nevada has not yet been drilled.