Patriot Gold Stock

Patriot Gold Corp. operates as a natural resource exploration and mining company, which acquires, explores, and develops natural resource properties. The company's primary focus in the natural resource sector is gold.

As of December 31, 2022, the company had two gold projects located in the southwest United States. The company's project inventory consists of the Vernal project and the Windy Peak project.

Vernal Project

The Vernal Property is located approximately 140 miles east-southeast of Reno, Nevada on the west side of the Shoshone Mountains. Access from Fallon, the closest town of any size, is by 50 miles of paved highway and 30 miles of gravel roads. The company holds the property via 12 unpatented mining claims (approximately 248 acres). The company has a 100% interest in the Vernal property, subject to an existing royalty. The company is continuing to evaluate the Vernal Property.

Windy Peak Property

The Windy Peak Property consists of 114 unpatented mineral claims covering approximately 2,337 contiguous acres. The Property is a contiguous claim block.

Exploration

The company has been conducting an ongoing exploration program to assess the potential for economically viable mineralization. The exploration program has been permitted by the BLM. The company recognizes that Windy Peak is an early-stage exploration opportunity.

Rainbow Mountain Property

In autumn of 2018, after conducting initial reconnaissance of the Rainbow Mountain, the company acquired the Rainbow Mountain Property, (referred to herein as the 'Rainbow Mountain Property,' 'Rainbow Mountain' or the 'Property'). This early-stage exploration project was secured through staking and filing the associated paperwork and fees with the Bureau of Land Management (BLM) and County.

The Rainbow Mountain gold project consisted of 81 unpatented lode claims totaling approximately 1,620 contiguous acres, located approximately 23 km southeast of Fallon, in the state of Nevada. Access to the project area is by paved highway, followed by a short stretch of gravel road.

The Property claims were held as unpatented federal land claims administered under the Department of Interior, BLM.

Compliance with Government Regulation and Regulatory Matters

The company's mine and reclamation plans incorporate the provisions of the Surface Mining Control and Reclamation Act of 1977, state programs and complementary environmental programs, which impact mining.

History

Patriot Gold Corp. was incorporated in the state of Nevada in 1998.