Welcome to the PACIFIC GOLD CORPORATION Board
A GOLD Producing Junior Miner
ADDRESS: Toronto HQ
Pacific Gold Corporation
477 Richmond Street
Toronto, Canada M5V 3E7
CONTACT: Mitchell Geisler 416-214-1483 www.pacificgoldcorp.com
SHARE STRUCTURE: (updated 2/22/14)
A/S is 3,000,000,000
O/S is 395, 366, 031
TRANSFER AGENT: "Olde Monmouth" (732) 872-2727
MARKETPLACE: Market Tier of the OTC http://www.otcmarkets.com/stock/PCFG/quote
Mr. Landau has been the president and director of ZDG Investments Limited since May 1999. Mr. Landau's experience includes the founding and financing of development stage businesses. Previously, he was an Actuarial Consultant with a large multi-national consulting firm. He has a Bachelor of Commerce - Actuarial Science and Finance degree from the University of Toronto in Toronto, Ontario, Canada. Mr. Landau will be responsible for the overall operations and direction of the Company. Mr. Landau has also joined the Board of Directors.
Mr. Mitchell Geisler has been the president and chairman of the board from January 2001 to April 2005 when he became the chief operating officer upon the appointment of Mr. Landau as chief executive officer. Mr. Geisler has been the treasurer and secretary of the company since October 2002. Mr. Geisler has more than 15 years of experience in the hospitality and services industry. From 1998 to 2001, Mr. Geisler was president and operator of the Toronto-based 52 Restaurants Inc. Mr. Geisler is a graduate of Toronto's York University in Toronto, and also studied at the University of Tel Aviv. Mr. Geisler, until June 2003, was a director and president and treasurer of GL Energy and Exploration, Inc., a development stage company engaged in the mineral exploration business. Mr. Geisler was also a director of Uranium Strategies, Inc., both mineral exploratory stage companies.
Human Resource Consultant
Ms. Roach has over 16 years experience as an executive and consultant with group benefits and human resources administration. From 1990 to 2000, Ms. Roach was a group benefits consultant with a multi-national benefit consulting organization.
John A. Rae
Mr. Rae has been with Pacific Gold Corp since 2003 and currently acts as a consultant on the matters pertaining to our alluvial projects and operations. Mr. Rae is a registered professional geoscientist and project manager with more than 30 years experience working in many different areas of the mining industry. Mr. Rae's experience includes the design, implementation and management of mining projects from grassroots exploration to commercial production.
A "must read" concise history of PCFG by Ihub poster- Foxwood
Part 1: http://investorshub.advfn.com/boards/manage_msg.asp?message_id=68708849
Part 2: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68720624
PCFG BUSINESS PLAN
Pacific Gold Corporations plan provides for the acquisition and development of production-ready and in-production minng operations. Pacific Gold Corp. is currently focused on gold and alluvial base metals operations based in Western North America. Pacific Gold currently owns and operates four operating subsidiaries. Nevada Rae Gold Inc. currently owns and operates the Black Rock Canyon Mine located in north-central Nevada, the Pilot Mountain Reserves owns Project W, a large tungsten based deposit. Fernley Gold Inc., has acquired the exclusive lease rights to mine the Lower Olinghouse placers. Pacific Metals Corp. owns 24 unpatented lode mining claims in San Juan and Delores Counties, Colorado immediately south west of Bolam Pass.
Nevada Rae Gold Inc., located in the Cortez Trend, "second-largest known gold resources in the world"
Pipeline Mine area
July 27, 2011 PCFG announced that Nevada Rae Gold (NRG) had began production of gold from gravel screening at Black Rock Canyon Mine (BRCM) on Jule 13th. The Company also started shipping gold to the refinery for credit to their account.
Gold Production Initiated
August 2, 2011 ("NRG") a subsidiary of PCFG, has entered into a lease agreement with the owners representing a group of additional claims adjacent to NRG's existing leases and claims in Crescent Valley. This new group of claims is referred to by NRG as the B&B claims. NRG has agreed to lease a 75% interest in the B&B claims.
The B&B claims area encompasses almost 2,000 acres of additional federal mining claims containing gold bearing gravels. The B&B claims more than double NRG's existing land area in Crescent Valley at the Black Rock Canyon Mine. The B&B claims have been previously researched and explored and have gold resources described in the Bharti Engineering and Robertson Research reports. The Bharti report outlines the total Crescent Valley resource as being almost 2 million cubic yards of proven gold bearing gravels, 12.6 million cubic yards of probable gold bearing gravels, and 30 million cubic yards of potential gold bearing gravels. Production at BRCM since July 13th has totaled approximately 9,600 tons or about 6,500 yards of gravels. The processed gravels comprised the entire remaining stockpile at the BRCM as of June 30th. Included in the stockpile were mostly those gravels which the Company has identified as 'mudflow' as well as a limited amount of gravels that the Company considers normal 'pay' gravels (gravels that the Company has identified as its main resource). From the stockpile gravels the Company produced approximately 30 ounces of gold. The overall gold grade of the stockpile amounted to approximately 0.2 g/yd3. The mudflow which was a large portion of the stockpile had an average gold grade of about 0.1 g/yd3. The grade of gold within the pay gravels of the stockpile were between 0.3 and 0.4 g/yd3. Due to the commingling of the gravels over time (the stockpile was mined in 2007) an exact number for the pay gravels was more difficult to determine. The stockpile was mined mostly from the mudflow section (the mudflow being discovered by the Company through a seismic study on the drainage area) as part of a previous plan by the Company to test the gold grade of the mudflow, as this area was not previously mentioned in the historical reports describing the claims and leases of the Company. As a result of now processing a section of the mudflow and its apparent lower gold grade, the Company has decided to not currently mine any more of the mudflow material but to focus on its' previously identified pay gravels for the remainder of 2011. Depending on the world spot price of gold, the Company may return to new areas of the mudflow in the future. The mudflow is located underneath the pay gravels in the deposit and is relatively easy to bypass when mining.
Results of Gold Production
Fernley Gold Inc. Property
A subsidiary of Pacific Gold Corp., entered into a lease agreement in 2004 for the right to mine 36 claims covering 640 acres of the Lower Olinghouse Placers. The claims are known as Butcher Boy and Teddy, and are located approximately 34 miles east of Reno, Nevada just off Interstate 80. From historical reports, the Butcher Boy and Teddy Claims contain up to an estimated 445,000 ounces of gold in up to an estimated 30,000,000 cubic yards of alluvial gravels. The average estimated grade is 0.4 grams per cubic yard. This property is located in a rich mining area with extensive historical data available, including test and sampling results. The lease offers the exclusive right to mine for placer and lode gold, as well as other minerals and metals. In 2007 Fernley Gold, Inc. performed a limited sampling program that confirmed estimated gold grades as indicated in the Historical reports. The Company has filed a Plan of Operations with the BLM to begin mining operations. Once the plan is approved, the Company plans to begin mining and screening gravels on the claims and then process the concentrated ore offsite. Prior to beginning mining operations the Company plans to complete a seismic survey in order to acquire a complete picture of the gravel deposits.
Pilot Mountain Resources Inc. Property
PMR is a wholly-owned subsidiary of Pacific Gold Corp., owns 30 unpatented mining claims covering 600 acres in Mineral County, Nevada, approximately 168 miles from Reno, Nevada, and about 21 miles east of the town of Mina.The claims cover a tungsten deposit with known mineral resources previously established per a pre-feasibility study prepared by Kaiser Engineers in the early 1980's. Resource estimates are over 9,000,000 tons and approximately 35,000 tons WO3, grading 0.386% WO3. Additionally there is the potential for significant copper, zinc and silver credits.
PMR Sales Option Agreement
On February 10, 2011,Pilot Mountain Resources Inc. ("PMR"), a 100% subsidiary of Pacific Gold Corp., entered into an Option and Asset Sale Agreement ("Agreement") with Pilot Metals Inc., a subsidiary of Black Fire Minerals of Australia, whereby Pilot Metals has secured an option on the Project W Tungsten claims owned by PMR.
The basic monetary terms of the Agreement call for Pilot Metals to pay PMR $50,000 for a 100 day due diligence period on the PMR mining claims. Within the initial 100 day option period, Pilot Metals has the right to exercise an additional 24 month option on the PMR claims by paying to PMR a further $450,000. During the 24 month option period, Pilot Metals may conduct physical due diligence work including sampling, drilling or any other work on the claims it deems necessary.
At any point prior to the conclusion of the 24 month option period, Pilot Metals may exercise an option and election to either purchase 100% of the PMR claims, for $1,500,000, paid as three annual installments of $500,000 each, and an additional $1,000,000 payment to PMR on the commencement of commercial mining operations, or Pilot Metals may elect to enter into a joint venture with PMR for the mining claims by paying a further $1,000,000 to PMR paid as two annual $500,000 installments, with each company owning 50% of the joint venture.
The total amount eventually paid to PMR will depend on Pilot Metals acceptance or decline of the options available. If Pilot Metals elects to exercise the second option and not proceed with the purchase or joint venture then PMR would receive a total of $500,000 but retain ownership of the claims. If Pilot Metals exercises the second option and then further elects a joint venture, then PMR would receive $1,500,000 in total and retain a 50% ownership of the claims. If Pilot Metals elects to exercise the option and then purchase the claims, then PMR would receive $2,000,000 plus an additional $1,000,000 when commercial production commences for a total of $3,000,000.
Legal Dispute on PMR
April 15, 2011 PCFG claims that they purchased 100% the Pilot Mountain Resource property from Platoro West Inc. in 2006. Following the announcement by PMR of the sales option to Pilot Metals Inc., a Black Fire Minerals subsidiary, Platoro West made a counter claims of ownership of the property. An additional diligence period was required in order for Pilot Mountain to conduct a quiet title action in Nevada to eliminate any potential third party claims against the Project W mining claims.
Resoluton of PMR Ownership
The Company's subsidiary Pilot Mountain Resources, Inc. ("PMR") has settled its Quiet Title action with Platoro West Inc. ("Platoro"), Wolfranium Resource Corporation, and William Sheriff. Under the terms of the settlement PMR is required to pay to Platoro 15% (fifteen percent) of all proceeds received from Black Fire Minerals subsidiary Pilot Metals under the option agreement between Pilot Metals and PMR. If Pilot Metals elects to not exercise its options then PMR will have two years to complete a new mining feasibility study on the Project W claims in order to retain ownership of the claims. Rob Landau CEO of PCFG stated; "We felt that our claim to title was very strong, however the length of time and money involved in fighting the dispute was considerable and we felt that the Company would benefit more from having our resources working immediately at the Black Rock Canyon Mine."
Project W Option Exercised
September 9, 2011 Pacific Gold Corp. announced that Pilot Mountain Resources, Inc., ("PMR") a subsidiary of PCFG, has received official notice and payment of $450,000, from Pilot Metals, a subsidiary of Black Fire Minerals, that Pilot Metals is electing to exercise its 24 month option, to purchase or joint venture the Project W claims.
Pacific Metals Corp. Property
The company owns 24 unpatented lode mining claims in San Juan and Dolores Counties, Colorado immediately southeast of Bolam Pass. The claims are located at an elevation of 11,000 feet above mean sea level and are accessible by a dirt road that is maintained during the summer months by the United States Forest Service. The property, which is referred to as the Graysill Property, encompasses the historic Graysill Mine, a past producer of vanadium and uranium ore. The Graysill Mine is known to have produced vanadium and by-product uranium during a period of approximately twenty years after World War II. Before the mine ceased production, approximately 32,000 tons of ore were mined with a reported grade of 2.41% vanadium pentoxide and 0.09% uranium oxide. Incomplete production records from the Graysill Mine, the largest producer in the area, indicate that a total of 32,000 tons yielding approximately 52,000 pounds of uranium oxide and in excess of 1.5 million pounds of vanadium pentoxide were produced before the mine ceased operations because of low vanadium and uranium prices. Based on analyses of the results of the drilling completed by Vanadium Corporation of America, a third party had previously estimated a possible geological resource of 400,000 tons averaging 2.5% vanadium pentoxide. This ore body may also contain large uranium resources with an estimated grade of 0.08%, the reported grade at the Graysill Mine. These estimates would equate to an in-ground resource of 20 million pounds of vanadium pentoxide and 640,000 pounds of uranium oxide.
WORLD GOLD PRODUCTION
In the fourth quarter 2010 the Company engaged a new public auditing firm to prepare the past due Company audits for 2008 2009 and 2010.
PCFG engaged Auditor Jewett, Schwartz, Wolfe & Associates, P.L., the firm is PCAOB registered and completed and filed PCFG's 2008 year end statement.
^^^ 2008 Audited Financial Statement Filed With SEC Via 10-K 3/21/2011 ^^^
On April 13, 2011, Pacific Gold Corp. (the "Company") notified Jewett Schwartz Wolfe & Associates ("JSW"), the Company's independent registered public accounting firm, that the Company had dismissed the firm because the Company desired to retain a different firm who could meet the Company's timeline for filing its overdue SEC reports. The decision to dismiss JSW was approved by the Company's Board of Directors.
During the Company's period of engagement from October 22, 2010 through April 13, 2011, there were no disagreements between the Company and JSW on any matter of accounting principles or practices, financial statement disclosure, or procedure, which disagreements, if not resolved to the satisfaction of JSW would have caused it to make a reference to the subject matter of the disagreements in connection with their review on the Company's financial statements for such periods. There were no reportable events (as described under Item 304(a)(1)(v) of Regulation S-K) during the Company's engagement of JSW from October 22, 2010 to April 13, 2011.
The Company has provided JSW with a copy of this disclosure and requested that JSW furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees of disagrees with the statements by the Company in this Current Report on Form 8-K. As of April 20th the Company has not received the requested letter from JSW.
Letter Received from JSW Filed With SEC Via 8-KA 5/9/2011
On April 13, 2011, the Company engaged Silberstein Ungar, PLLC, 30600 Telegraph Road, Suite 2175, Bingham Farms, MI 48025-4586 ("SU") as its new independent registered public accounting firm. The engagement of SU was approved by the Company's Board of Directors on April 13, 2011.
During the Company's two most recent fiscal years ended December 31, 2010 and December 31, 2009 and through April 13, 2011, neither the Company nor anyone acting on its behalf consulted with SU regarding either (i) the application of accounting principles to a specific transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company's financial statements, and no written report was provided to the Company or oral advice was provided that SU concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of either a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K.
10-Q Quarterlies & 10-K Annual Reports
2012 2nd Quarter 10-Q/A
2012 1st Quarter 10-Q
2011 10 K/A
10-Q Filed with SEC 11/19/2011- 2011 3rd Quarter Financial
10-Q Filed with SEC 08/15/2011 - 2011 2nd Quarter Financial
10-Q Filed with SEC 7/19/2011 - 2011 1st Quarter Financial
10-K Filed with SEC 7/12/2011 - 2010 Year End Financial
10-Q Filed with SEC 7/6/2011 - 2010 3rd Quarter Financial
10-Q Filed with SEC 7/5/2011 - 2010 2nd Quarter Financial
10-Q Filed with SEC 6/28/2011 - 2010 1st Quarter Financial
10-K Filed with SEC 6/27/2011 - 2009 Year End Financial
10-Q Filed with SEC 6/7/2011 - 2009 3rd Quarter Financial
10-Q Filed With SEC 6/3/2011 - 2009 2nd Quarter Financial
8-K & Other SEC Filings
8-K Filed with SEC 12/09/2011 regarding funding
SEC Filings Page
SPOT GOLD QUOTES
2012 Spot Gold Projections
BELOW IS A LINK TO A VERY WELL PUT TOGETHER WEBSITE THAT MONITORS AND COMPARES MINING COMPANIES, THEIR RESOURCES AND THEIR FAIR MARKET VALUE. THE DEMOGRAPHICS OF PCFG SHOULD CHANGE DRAMATICALLY AS THE COMPANY ENTERS INTO PRODUCTION WITH THE BLACK ROCK CANYON MINE, BEGINS GENERATING A REVNUE STREAM AND ADVANCES OTHER PROJECTS:
(Thanks to Mike with The Mining Almanac)
PCFG's NRG VISITS, PHOTOS AND VIDEO
Nevada Rae Gold Processing Plant and Black Rock Canyon Mine
Zapito1 Video from 2/27/12 http://www.youtube.com/watch?v=2b7YOs2CpgE&feature=youtu.be
Johnny Trader visit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58106714
Johnny Trader photos: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58115491
Airdale1 visit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67216216
Airdale1 photos: http://i1083.photobucket.com/albums/j385/airdale2/022.jpg
Airdale1 12-14-11 visit photos: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69986399
Airdale1 video: http://www.youtube.com/watch?v=4W3-nTj2s-s
Airdale1 12-14-11 visit video: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69982321
dy0genes visit: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68317146
dy0genes photos: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68321563
BLACK ROCK CANYON MINE INFO & DUE DILIGENCE & LINKS
DD By: ZRock 6/1/2011
LINK: Mine Safety & Health Administration (MSHA) Website:
Lots of information here including logged operator hours, view 2011 to see proof of BRCM ramping up for production in 2011 http://www.msha.gov/drs/drshome.htm
BRCM's MSHA Mine ID # is 2602572
Satellite BRCM Viewer
http://www.flashearth.com/ (Just type in Crescent Valley, NV & pan to the Nevada Rae Gold, Inc. BRCM Site)
The date of the satellite data is not confirmed however it is believed to be sometime in 2010, you can clearly see the development of the open pit mine and what appears to be a large open trench at the west side of the open pit, it is suspected that this is a test pit to confirm the 1.2M cubic yards of NI 43-101 compliant gravels reported by the company on the PCFG website. The haul road appears to be completely developed and ready for use. Who Owns The West?
Third Party verification that PCFG owns BRCM. http://www.ewg/org/mining/owners/overview.php?cust_id=2212377
PRESS RELEASES Dec 12th http://www.marketwire.com/press-release/pacific-gold-corp-new-equipment-purchase-and-installation-pinksheets-pcfg-1597307.htm
Nov 28th http://www.marketwire.com/press-release/pacific-gold-corp-new-geotextile-tube-field-approved-pink-sheets-pcfg-1591642.htm
Sept 28th http://www.marketwire.com/press-release/pacific-gold-corp-share-buyback-program-pink-sheets-pcfg-1566424.htm
Sept 13th http://www.marketwire.com/press-release/pacific-gold-corp-geotextile-tube-edc-approved-pink-sheets-pcfg-1560327.htm
Sept 9th http://www.marketwire.com/press-release/pacific-gold-corp-project-w-option-exercised-pink-sheets-pcfg-1559078.htm
July 27th http://www.marketwire.com/press-release/pacific-gold-corp-black-rock-canyon-mine-gold-production-otcqb-pcfg-1542742.htm
July 20th http://www.marketwire.com/press-release/pacific-gold-corp-stock-quotation-upgrade-otcqb-pcfg-1540253.htm
July 19th http://www.marketwire.com/press-release/pacific-gold-corp-files-2011-10-q-pink-sheets-pcfg-1539693.htm
July 12th http://www.marketwire.com/press-release/pacific-gold-corp-sec-reporting-status-pink-sheets-pcfg-1537310.htm
July 8th http://www.marketwire.com/press-release/pacific-gold-corp-ndep-operating-approval-pink-sheets-pcfg-1535974.htm
June 27th http://www.marketwire.com/press-release/pacific-gold-corp-sec-reporting-status-pink-sheets-pcfg-1531743.htm
June 14th http://www.marketwire.com/press-release/pacific-gold-corp-black-rock-canyon-resource-expansion-pink-sheets-pcfg-1526354.htm
May 24th http://www.marketwire.com/press-release/pacific-gold-corp-black-rock-canyon-update-pink-sheets-pcfg-1518353.htm
Mar 28th http://www.marketwire.com/press-release/pacific-gold-corp-financing-announcement-pink-sheets-pcfg-1418207.htm
Mar 8th http://www.marketwire.com/press-release/pacific-gold-corp-black-rock-canyon-hy-g-equipment-delivered-pink-sheets-pcfg-1407797.htm
Feb 14th http://www.marketwire.com/press-release/pacific-gold-corp-pilot-mountain-options-project-w-for-up-to-3000000-pink-sheets-pcfg-1395119.htm
Jan 3rd http://www.marketwire.com/press-release/pacific-gold-corp-black-rock-canyon-equipment-order-pink-sheets-pcfg-1374985.htm
Nov 23rd http://www.marketwire.com/press-release/Pacific-Gold-Corp-Project-Update-PINK-SHEETS-PCFG-1358541.htm
Nov 1st http://www.marketwire.com/press-release/Black-Rock-Canyon-Mine-Successful-Geotube-Testing-PINK-SHEETS-PCFG-1344433.htm
Oct 21st http://www.marketwire.com/press-release/Black-Rock-Canyon-Mine-Geotextile-Tube-Test-Underway-PINK-SHEETS-PCFG-1339119.htm
Oct 8th http://www.marketwire.com/press-release/Pacific-Gold-Corp-Series-E-Debenture-Conversion-is-Complete-PINK-SHEETS-PCFG-1332145.htm
Oct 1st http://www.marketwire.com/press-release/Black-Rock-Canyon-Mine-Geotextile-Tubes-and-Polymer-Ordered-PINK-SHEETS-PCFG-1328566.htm
Sept 7th http://www.marketwire.com/press-release/Pacific-Gold-Corp-Agrees-to-Convert-220000-of-Debt-PINK-SHEETS-PCFG-1314868.htm
Jun 17th http://www.marketwire.com/press-release/Pacific-Gold-Corp-Corporate-Update-PINK-SHEETS-PCFG-1277997.htm
Feb 16th http://www.marketwire.com/press-release/Pacific-Gold-Corp-Black-Rock-Canyon-Mine-Nears-Completion-on-Mill-Modifications-PINK-SHEETS-PCFG-1117577.htm
http://www.marketwire.com Stock Symbol: PCFG
Link to most recent company filings with the SEC: