Printer Friendly
The Free Library
14,633,203 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Golden Patriot Acquires the Debut Gold Copper Project in Nevada.


Business Editors/Environment Writers

LAS VEGAS--(BUSINESS WIRE)--Nov. 6, 2003

Golden Patriot, Corp. ("GPTC GPTC Gas Piping Technology Committee
GPTC Great Plains Technology Center
") (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:GPTC) is pleased to announce that GPTC has acquired a 100% interest in 16 mineral claims covering 320 acres in north central Nevada, known as the Debut. The Debut property is located 96 miles south east of Elko, Nevada on the west flank of the West Buttes Coordinates:

Buttes is a municipality in the district of Val-de-Travers in the canton of Neuchâtel in Switzerland.
 Range in the Delker Mining District Elko County, Nevada Elko County is located in the western U.S. state of Nevada. As of the 2000 census, the population was 45,291. Its county seat is Elko6. The county was organized on March 5, 1869, being taken from Lander County. . The property is due north and on trend from Placer Domes Bald Mountain deposit. The Debut Prospect is an intrusive related sediment-hosted gold-copper system that holds potential for shallow, economic gold mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
.

Historic Exploration

From 1988 to 1999 Pegasus Gold Corporation held the property and conducted an extensive exploration program on a small portion of the area. Drilling intercepted wide zones of +100 ppb gold with up to 15 feet of .038 oz/ton and a high of .078 oz/ton gold over 5 feet The historic drilling tested anomalous gold values in a small skarnified area west of the +6000 feet long jasperoid-bearing zone. Two primary target zones with values greater than .01 oz Au/ton (ranging as high as 2842 ppb Au) and strong sediment-hosted alteration are untested. The widespread gold, extensive alteration, favorable stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the , and permissive structural zones suggest additional targets may be outlined with continued exploration.

Target Concept

Debut is an intrusive related sediment-hosted gold copper prospect with patchy local skarn. Historic drilling suggests the Pilot Formation, a sandy limestone, is the primary host with significant mineralization occurring adjacent to structural zones and intrusive rocks (possibly a late dacite da·cite  
n.
A light gray volcanic rock containing a mixture of plagioclase and other crystalline minerals in glassy silica, similar in appearance to rhyolite.



[After Dacia.
 dike Dike, in Greek religion and mythology
Dike: see Horae.
dike, in technology
dike, in technology: see levee.
dike

Bank, usually of earth, constructed to control or confine water.
 phase of the main intrusive). Previous drilling focused on a very small part of the system.

Several primary target zones are found on the prospect with:

-- Well-developed haematitic jasperoids, decalcification decalcification /de·cal·ci·fi·ca·tion/ (de-kal?si-fi-ka´shun)
1. loss of calcium salts from a bone or tooth.

2. the process of removing calcareous matter.
, and

bleaching

-- Anomalous gold and trace elements (up to 2842 ppb Au and 1030

ppm As)

-- Previous drilling and recent sampling

GPTC is pleased to now have two separate gold properties in the state of Nevada.

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.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 6, 2003
Words:443
Previous Article:Redback Networks Partners with T S Telecom in China and Jointly Wins Hebei Telecommunications.
Next Article:Verbatim to Deliver 8x DVD+R Write-once Media as Drives Hit Market.



Related Articles
Golden Patriot, Corp. and Megastar Development Enter into Joint Venture Agreement to Develop Debut Gold Project.
Golden Patriot Plans Follow-up Exploration to Recent High-Grade Sampling at Dun Glen.
Golden Patriot Work Plan for Nevada Properties.
Golden Patriot Begins Sampling Its 10,000 Foot Vein.
Golden Patriot First Round of Vein Samples Sent for Analysis.
Golden Patriot in Cortez Trend.
Golden Patriot Receives $2,000,000 Work Commitment.
Golden Eagle Continues Progress on Buen Futuro Gold & Copper Project; Company's Latest Projections Show Gold Production of 5,900 Troy Ounces per...
Golden Patriot Mining Announces Non-Brokered Private Placement.
Great Western Minerals Group releases Copper Hill Project exploration results.(OFF THE WIRE)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles