PATRIOT GOLD CORP

With Northern Vertex having completed its 70% earn-in at Moss Mine, Patriot Gold sold its remaining 30% working interest to Northern Vertex's subsidiary Golden Vertex Corp for C$1.5 million cash while keeping a 3% net smelter royalty - a full exit from its flagship project into a cash-plus-royalty position.

asset acquisition disposition

Patriot Gold reported the Moss Mine project on track: infill drilling and bulk sampling were advancing a three-phase development plan, a Preliminary Economic Assessment was due in March, and pilot-scale production was targeted for the following quarter.

resource reserve update

Northern Vertex Mining Corp. agreed to earn a 70% interest in Patriot Gold's Moss Mine gold-silver project in Mohave County, Arizona - paying Patriot $500,000 up front and committing to spend $8 million on exploration over five years before the two would form a 70/30 joint venture.

material agreement

Patriot Gold terminated all four of its MinQuest-linked Nevada properties - Whiskey Flat, NK, Wheepah and Imperial - which had been assigned to its subsidiary Provex Resources, ending its relationship with MinQuest entirely.

farm in farm out agreement

The company optioned a new property - 28 patented claims and millsites in Nye County, Nevada - from American International Ventures, paying $30,000 up front against a payment schedule escalating to a $1.185 million balloon payment in 2016 to fully earn the ground.

material agreement

Just six months after paying $200,000 for it, Patriot Gold walked away from the Margarita Property in Arizona, terminating the option and losing its stake entirely.

material agreement

Patriot Gold paid $250,000 to acquire American Goldfields' option on the Imperial Property (22 unpatented claims, Esmeralda County, Nevada) - itself originally optioned from MinQuest in 2004 - adding a fourth Nevada property to its portfolio.

material agreement

The company optioned three Nevada gold properties from MinQuest in one day - the Whiskey Flat (83 claims), NK (24 claims) and Wheepah (14 claims) projects - each requiring escalating annual payments and exploration spending starting at $50,000.

material agreement

Patriot Gold paid $200,000 to acquire American Goldrush Corp.'s option on the Margarita Property, 39 unpatented claims in the Oro Blanco district of Santa Cruz County, Arizona - its first Arizona gold property.

material agreement

Bruce Johnstone resigned as director and officer and Ronald Blomkamp took over as President, CEO, CFO and Secretary; the same week the company closed a $367,500 private placement (350,000 units at $1.05, with warrants exercisable at escalating prices up to $1.55).

capital raising announcement