Golden Patriot Corp. Receives Favorable Uranium Survey
08 4월 2008 - 9:00PM
Business Wire
Golden Patriot Corp. (OTCBB:GPTC) announces the conclusions from
the recently completed Radon Survey conducted by GeoXplor Corp.
headed by John Rud, Geologist M.Sc. on the Lucky Boy Uranium
Project in Gila County, Arizona. 1) The completed Radon Survey over
the central region of the Lucky Boy mineral claim block defines a
500ft x 500ft area of high anomalous radon gas occurrences. Data
complied over the past several years has indicated a direct
correlation between radon gas and uranium mineralization. The
pattern on the radon anomaly is consistent with the prior sampling
completed in the open pit and undergrounds mine workings. 2) The
anomalous area delineated by the radon survey north and east of the
Lucky Boy mine workings have the potential to contain approximately
500,000 tons of mineralized material with a grade of 0.12% U3O8
(based on historical production data). 3) The most favorable host
rock, gray unit of the upper member of the Dripping Spring
Quartzite, crops out in the open pit area of the old mine workings.
The average grade of the uranium ore loaded on the leach pad
exceeds 0.10% U3O8 (2 pounds per ton). Mr. Rudman, GPTC�s CEO,
stated, �This Radon Survey performed by such a prestigious
geologist as John Rud M.Sc. gives GPTC a sense of urgency to apply
for new drill permits and a new plan of operations to prove up the
tonnage that is stated in the GeoXplor Corp. report. With Uranium
trading around $73/pound, these tonnage figures estimated by John
Rud M.Sc. can be a potential windfall for Golden Patriot, Corp.�
Golden Patriot is a junior exploration company that has active
interests in both uranium and gold prospects. To receive timely
updates and information on any future developments as they occur
please email us at info@goldenpatriotcorp.com. Disclaimer: This
announcement may contain forward-looking statements which involve
risks and uncertainties that include, among others, limited
operating history, limited access to operating capital, factors
detailed in the accuracy of geological and geophysical results
including drilling and assay reports; the ability to close the
acquisition of mineral exploration properties, and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. More information is included in Golden
Patriot, Corp. Filings with the Securities and Exchange Commission,
and may be accessed through the SEC's web site at
http://www.sec.gov.
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