UNIONDALE, N.Y., May 3, 2006 (PRIMEZONE) -- Golden Patriot, Corp. ("Golden Patriot" or the "Company") (OTCBB:GPTC) (Frankfurt:GPU) is pleased to announce receipt of the report by Mark Fedikow HB.Sc., M.Sc., Ph.D., P.Geo. of Winnipeg, Manitoba, on the results of a Mobile Metal Ions Process (MMI-I) soil geochemistry survey on the Lucky Boy property in Gila County, Arizona.
One of the first uranium properties to go into production in Arizona, the Lucky Boy property has demonstrated open-pittable and heap-leachable characteristics. The property appears to be located in a non environmentally-sensitive area. Exploration and development potential is considered very high.
SGS Laboratories of Toronto, Canada, processed 494 soil samples taken from the Lucky Boy Property. Strict adherence to sampling protocols, coupled with proprietary assaying techniques, have resulted in detecting two high priority anomalies not associated directly with the Lucky Boy Mine workings and are indicative of sub-surface mineralization of significant size.
Also on the property, composite rock chip-channel sampling over widths of 6 to 8 feet have yielded values of 210ppm U to .286% U. A back face of a 200 foot adit yielded .166% U. Also of note, is an anomalous gossanous area 1,200 feet from known uranium mineralization.
Further recommendations call for magnetic, induced polarization and radiometric geophysical surveys, detailed geological mapping, and an initial 10 to 20 hole drill program. M&EC, Inc. and SWCA of Phoenix are scheduled to begin environmental studies and permitting for the drilling program shortly. This work, along with the other recommended surveys and mapping, will be completed in 6 to 8 weeks. The drill program will follow approval by the Bureau of Land Management and State.
About Golden Patriot
Golden Patriot has interests in mineral properties involving uranium and gold mining. For more information, please call Brad Rudman at 212-760-0500 or email us at info@goldenpatriotcorp.com.
Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, the Company's anticipated use of proceeds, access to operating capital, limited operating history, 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 website at http://www.sec.gov.