NEW YORK, Sept. 30, 2005 (PRIMEZONE) -- Golden Patriot, Corp. ("GPTC") wishes to announce that it has been informed by its joint venture partner that a drill permit has been received for the Gold View Property and that a drill rig is now being secured. A rig is expected to be secured with the next week and the first phase of the drill program is expected to commence within the next 2-3 weeks. According to GPTC's joint venture partner, the geochemical survey has identified gold anomalies in association with major structural intersections identified in the geophysical survey. A ten hole drill program is planned consisting of ten reverse circulation drill holes (of which an initial four holes will be drilled), averaging 800 feet deep to test the most significant anomalies.
The Gold View Property is located in the Cortez Trend of Nevada, approximately 3 miles east of the Tonkin Springs deposits (650,000 ounces of gold), and consists of approximately 1,450 acres (587 hectares) containing 76 unpatented lode claims.
Bradley Rudman, president of GPTC stated, "This is very exciting news to now have a drilling permit secured on the Gold View Prospect. At this time GPTC has no cash commitment as the cost for our initial phase of drilling is covered by our joint venture partner, so we really have very little downside on this project with tremendous upside potential if we are successful. Also, our Lucky Boy Prospect is moving along as we have just recently received favorable sampling returns back from the lab. A much larger drill program is now being planned and should be underway with the next 3-6 weeks. When you factor in the multi-year highs on gold and uranium prices, this next quarter is shaping up to be the most exciting period in GPTC's history."
GPTC has been informed by the exploration contractor of the Lucky Boy Uranium Prospect that the initial samples have returned very encouraging uranium grades. These initial samples were designed to test for the viability of continuing on this prospect. Upon receipt of these samples, a multi-hole drill program to test the extent of the ore is now being implemented. This drilling is planned for late October.
To receive timely updates and information on any future developments as they occur please send an email to 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.