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Oban Mining drills 0.3 m of 183.5 g/t Au at Windfall

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:OBM-2380529


OBAN DISCOVERS NEW GOLD MINERALIZATION AT WINDFALL


Oban Mining Corp. has discovered new gold mineralization as part of the company's new regional exploration drill program, on its 100-per-cent-owned Windfall project located in the Urban township, Quebec. The regional exploration drilling is focusing on testing an inventory of gold-in-till anomalies with coincident geophysical (induced polarization) signatures defined during the fall 2015 till and winter 2016 geophysics programs.


The new mineralization is located approximately three kilometres west-southwest of the main Windfall deposit and is currently defined by two drill holes spaced approximately 700 metres apart. DDH OBX-16-666 intersected 183.5 grams per tonne gold over 0.3 metre and DDH OBX-16-652 intersected 12.7 g/t Au over 1.5 metres. DDH OBX-16-652 was collared 200 metres southeast of a historical hole (1987) that returned 41.4 g/t Au over 0.7 metre. The new holes underscore the strong potential for new gold mineralization on the Windfall Lake property, which has historically seen sparse detailed exploration. The associated table details results from the two new holes (1).


 

Hole From To Interval Au
No. (m) (m) (m) (g/t)

OBM-16-652 208.70 210.20 1.50 12.72
OBM-16-666 284.00 284.30 0.30 183.5

Notes
(1) For complete drilling results please see the company's
website.


OBX-16-652 targeted an induced polarization (IP) anomaly 3.3 kilometres to the west-southwest of the main zone at Windfall. The drill hole intersected 12.72 g/t Au over 1.5 metres in a crustiform carbonate-quartz vein bearing similarity to high-grade gold veins present in the Windfall main zone. The hole was located on a combined gold-in-till anomaly with an overlying IP anomaly.


over 8 years ago
PR

CARLSBAD, Calif., Sept. 28, 2015 /PRNewswire/ -- Patriot Scientific Corporation (OTCQB: PTSC) announced today that it has agreed to stay all proceedings pending in the U.S. District Court for the Northern District of California, alleging infringement of the '336 patent against multiple defendants while Patriot presents objections to the District Court Judge to the recently issued claim construction report and recommendation by the U. S. Magistrate Judge. Patriot believes the report and recommendation, which are inconsistent with the claims construction issued by the same court in which a jury previously found infringement of the '336 patent against HTC Corporation, is in error. In conjunction with preparing to file its objections, Patriot has agreed to a stipulation of defendants' non-infringement, limited to the recent claim construction. If the report and recommendations are adopted by the District Judge then Patriot plans to file an appeal with the United States Court of Appeal for the Federal Circuit. Patriot plans to continue to vigorously pursue its rights under the '336 patent and expects to pursue remedies in addition to the pending objection if required.

About Patriot Scientific Corporation

Headquartered in Carlsbad, California, Patriot Scientific Corporation is the co-owner of the Moore Microprocessor Patent Portfolio™. For more information on PTSC, visit www.ptsc.com.

About the MMP Portfolio™

The MMP Portfolio includes US patents as well as their European and Japanese counterparts, which cover techniques that enable higher performance and lower cost designs essential to consumer and commercial digital systems ranging from PCs, cell phones and portable music players to communications infrastructure, medical equipment and automobiles.

Safe Harbor Statement: Statements herein which are not purely historical, including statements regarding Patriot Scientific Corporation's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties including, but not limited to, the risks and uncertainties relating to the future of our MMP joint-venture and the licensing and litigation strategies employed by the joint venture. It is important to note that the company's actual results could differ materially from those in any such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, patent litigation, technical development risks, and seasonality. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the quarterly report on 10-K for the year ended May 31, 2015. The company cautions investors not to place undue reliance on the forward-looking statements contained herein. Patriot Scientific Corporation disclaims any obligation, and does not undertake to update or revise any forward-looking statements made herein.

Contact:
Patriot Investor Relations
ir@ptsc.com
760-547-2700

almost 9 years ago
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