Patron Mining AG
Patron Mining AG engages geologist to begin new survey
Patron Mining AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Patron Mining AG engages geologist to begin new survey 13.11.2007, Zurich, Switzerland. Patron Mining AG today announced that it has engaged a certified geologist, Ramon Garcia Hernandez, who has longtime experience in the gold mining industry, to begin testing Sonora Beta for proven gold reserves. Part of the engagement is to deliver a full report of proven and probable gold, silver, copper, and other precious metal reserves. This report will conform to the 43-101 standards ('Standards of Disclosure for Mineral Projects') and will provide full details. The results of the survey are expected for the end of December 2007. In the past Sonora Beta has delivered average grades from 4 to 5 grams of gold per ton and 85% of silica. Sporadic values of 20 grams per ton have been found in small sites of the vein. From the mining geologic study developed in the area, it is concluded that due to its geological characteristics and the alteration in the mineralization, there are deep deposits of gold and silver mineralization of considerable magnitude. Proven gold reserves are 35’000 ounces, probable reserves are estimated in excess 51’000 ounces of gold. At a conservative US$ 650 per ounce of gold (gold price November 9, 2007 = US$ 830/ounce), that is over US$ 33,150,000 in production revenues. It is managements’ opinion that the silver production could be equally as lucrative. About Patron Mining Patron Mining is an international gold mining company with a growing portfolio of currently five mines and other advanced exploration and development projects located in Mexico, and options on further large land positions in some of the world’s best exploration regions. The Company holds a pre-eminent position within the Small Cap gold mining industry. It has large gold mineral reserves plus significant amounts of other metals such as silver and copper. Patron Mining AG is a holding company based in Zurich, Switzerland. Patron Mining AG Bellerivestrasse 28 8008 Zürich Switzerland +41 (0)43 500 16 83 info@patronmining.com www.patronmining.com 14.11.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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