Just a quick note to share some extremely good news with you regarding our Bruner gold project in Nevada.
First, I visited the project a few days ago and am very impressed with the progress being made. As you probably know, some very high-grade mineralization was encountered, leading some of us to believe that the Bruner may turn into a major gold mine.
Some of the phenomenal highlights of the drilling are as follows:
--- 172 feet averaging 2+ grams per tonne
--- 360 feet averaging 4+ grams per tonne
Friends, those are impressive numbers. Frankly, they exceed our most optimistic expectations. Most geologists spend their whole careers without encountering numbers like those.
And now, the Bruner gold project has caught the attention of some of the world's leading mining companies. Just recently, NYSE-listed Hecla Mining invested $2.5 million into our project partner, with a requirement that 75% of those funds be allocated to the Bruner gold project. Hecla is one of the largest and lowest-cost silver producers in the United States with over a century of experience building and operating mines.
Folks, that's a stunning endorsement of Patriot's asset, and something which we think bodes very well for our shareholders.
We look forward to more exciting drill results and news from our Bruner gold project, and will keep you posted.
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 the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at http://www.sec.gov.