Patriot Gold Corp (PGOL)

[lmcat]

The DD board did not give any response to your inquiry on PGOL so you are misleading in your post saying PGOL got a clean bill.

Las Vegas, NV – October 25, 2011 – Patriot Gold Corp. (PGOL:OTC), a gold resource and exploration company, today announced that an independent evaluation has established its Moss Gold-Silver Project as a National Instrument 43-101 compliant 590,400 ounce gold (Au) equivalent resource.

NI 43-101 reports are not valid in the US. They are a Canadian report and can only be used by companies listed in Canada or Canadian companies.

Mining and mineral exploration companies in Canada must follow specific guidelines for disclosure, designed to improve the accuracy and integrity of the information they provide. National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) governs a company's public disclosure of scientific and technical information about its mineral projects.

http://www.bcsc.bc.ca/mining.asp

Without limiting the foregoing, these documents use the terms "measured resources", "indicated resources" and "inferred resources". Equityholders in the United States are advised that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them.
Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made.
United States investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. Further, inferred resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. It cannot be assumed that all or any part of the inferred resources will ever be upgraded to a higher resource category.
Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases.
Therefore, United States investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report "resources" as in place tonnage and grade without reference to unit measures.
Accordingly, information concerning descriptions of mineralization and resources contained in these documents may not be comparable to information made public by United States companies subject to the reporting and disclosure requirements of the SEC.