Golden Patriot, Corp. ("Golden Patriot") (FWB:GPU)
(OTCBB:GPTC) wishes to announce that it is in the final stages of
securing a drill contractor to conduct the upcoming 20-hole drill
program on the past producing Lucky Boy Uranium Mine in Gila County,
Arizona. A decision on this is expected to be completed shortly.
Recently, Golden Patriot received Government and State approval of
the 'Plan of Operations' on the past producing Lucky Boy Uranium Mine
in Gila County, Arizona. The Plan of Operations includes: road
construction, drill pad construction, as well as a 20-hole drill
program for approximately 6000+ feet. Environmental requirements have
now been fulfilled and additional work including more
geophysics/radiometric, geological sampling and mapping has commenced.
Golden Patriot has also recently increased its land position on
this past producing uranium mine, which includes 26 BLM claims.
Golden Patriot has recently been approached by a New York Stock
Exchange listed gold company on a potential joint venture or option on
one of the gold prospects Golden Patriot holds. Discussions are
ongoing and a final decision on this is expected within the next few
weeks.
Mr. Brad Rudman, President of Golden Patriot states, "It should be
very clear to our shareholders that we are now moving forward at a
rapid pace in terms of full-scale operations on the past producing
Lucky Boy uranium mine. Uranium prices are near 30-year highs and we
are working on a past producing uranium mine. We are confident about
the near and short term future of this prospect. Considering our
shares are still trading at more than 50% below our recent high, and
that fundamentally, as well as operations-wise, we are in a better
position now, management feels that our shares may not be accurately
reflecting the progress made recently by the company and is quite
excited about the coming weeks and months for Golden Patriot."
Golden Patriot has interests in mineral properties involving
uranium and gold mining. 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.
