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Pershing Gold Corp (PGLC)

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Last Post: 6/24/2016 12:48:38 PM - Followers: 96 - Board type: Free - Posts Today: 0



Pershing Gold Corporation (PGLC) is pursuing a path to put the Relief Canyon Mine back into production.
They are focused on an under-explored part of Nevada - Pershing County and nearby Lander County
All projects have had extensive geological analysis done on them, and gold targets are identified and ready to drill, pending annual funding.

In order to achieve our objectives, we are currently:

Drilling at Relief Canyon to confirm, expand, and upgrade the gold resource in order to resume mining.

Our Chief Geologist is highly experienced in Nevada gold exploration and mining, having worked in senior roles with
Cameco Gold Corp, Cyprus Metals Exploration, Hecla Mining, Gold Fields Mining, and Callahan Mining Company.
He has been the lead geologist on several significant gold discoveries during his exploration activities,
and is directly and indirectly responsible for the discovery of over ten million ounces of gold in Nevada.
Our team has participated in exploration and mining activities with projects in gold, silver, copper, molybdenum, nickel, and tungsten to name a few.

Relief Canyon Mine Project

The Relief Canyon property is located at the southern end of the Humboldt Range in northwestern Nevada, about 16 miles in a direct
line east-northeast of Lovelock in Pershing County and about 110 miles northeast of Reno, Nevada. The property consists of both millsite claims and lode mining claims. Five heap leach pads, two solution ponds and a cement block constructed Adsorption- Desorption- Recovery (ADR) solution processing circuit are located on the mill site claims. The ADR type process plant consists of four carbon columns, acid wash system, stripping vessel, electrolytic cells, a furnace and a retort for the production of gold doré. The building was originally installed by Pegasus, updated in 1995 and has been completely updated and new equipment installed in 2007-2008.Pershing Gold and its consultants believe that project geology and historic evidence point to significant potential to grow the resource. Pershing Gold believes that Relief Canyon provides the Company with dual opportunities consisting of excellent exploration targets in under-explored areas of the property and continuation of the prior work. Subject to required federal and state permitting and bonding requirements, the Company plans to commence an aggressive exploration program with the intention of growing the resource at Relief Canyon.


Relief Canyon Mine and Processing Facility

The Relief Canyon Mine property includes
- three open-pit mines and a
- state-of-the-art, fully permitted and constructed heap leach processing facility.

The plant has the capacity to treat eight million tons per year. The permitted leach pad can hold 21 million tons and can be readily expanded. The facility is ideally situated to process ore from future discoveries of satellite deposits.

These assets present Pershing Gold with a unique opportunity to capitalize upon the synergies of an existing processing facility adjacent to a mine that has additional resources to achieve a fast-track path to production at the Relief Canyon Mine.

  • Identified NI 43-101 gold resource
    • Measured & Indicated: 739,000 oz of gold
      Inferred: 70,000 oz of gold 

    Past producing mine located in Pershing County, Nevada
    - Historic production of over 110,000 oz 
    - Five heap leach pads,
    - two solution ponds and
    - a cement block constructed Adsorption-Desorption-Recovery (ADR) solution processing circuit are located on the mill site claims
    - Under-explored areas to the North and South of existing open-pits are being explored by Pershing Gold Corporation



Common stock ($0.0001 Par Value; 200,000,000 Shares Authorized; 21,723,049 and 19,745,170 shares issued and outstanding as of December 31, 2015 and 2014ommon          
Preferred stock,  $0.0001 par value; 50,000,000 authorized       
Convertible Series A Preferred stock ($0.0001 Par Value; 2,250,000 Shares Authorized; none issued and outstanding as of December 31, 2015 and  2014)  -  
- Convertible Series B Preferred stock ($0.0001 Par Value; 8,000,000 Shares Authorized; none issued and outstanding as of December 31, 2015 and 2014)  -  
- Convertible Series C Preferred stock ($0.0001 Par Value; 3,284,396 Shares Authorized; none issued and outstanding as of December 31, 2015 and 2014)  -  
- Convertible Series D Preferred stock ($0.0001 Par Value; 7,500,000 Shares Authorized; none issued and outstanding as of December 31, 2015 and 2014)  -  
- Convertible Series E Preferred stock ($0.0001 Par Value; 15,151 Shares Authorized; 9,375 and 9,425 shares issued and outstanding as of December 31, 2015 and 2014) 

Management Team Leader:

Stephen Alfers - Chairman and Chief Executive Officer

Mr. Alfers served as the President and Chief of U.S. Operations of Franco-Nevada Corporation from 2010 to 2011 and its Vice President (Legal) from 2007 to 2009. Mr. Alfers served as President of Franco-Nevada US Corporation, the wholly owned subsidiary of  Franco-Nevada Corporation, from 2010 to 2011.

Mr. Alfers served
as the President and Chief Executive Officer of NewWest Gold Corporation, a publicly-traded Canadian corporation listed on the Toronto Stock Exchange, from 2006 to 2007. Mr. Alfers also served on the Board of Directors of NewWest Gold Corporation from 2005 to 2007. Mr. Alfers served as President and Chief Executive Officer of the NewWest Resources Group from 2001 to 2005 and President and Chief Executive Officer of NewWest Gold Corporation, a privately held Delaware Corporation, from 2005 to 2006.

Mr. Alfers was the
founder and managing partner of Alfers & Carver LLC from 1995 to 2001, a boutique natural resources law firm.

Mr. Alfers received a Juris Doctor
from the University of Virginia, an M.A. in Monetary Policy and Public Finance from the University of Denver, and a B.A. in Economics from the University of Denver.

Mr. Alfers was chosen to be a director of
the Company based on his extensive mining resource and business experience. Mr. Alfers has also been the President of Alfers Mining Consulting since 2007.


Pershing Gold, Corporation                                 
1658 Cole BLVD  BLDG. 6 STE 210
Lakewood, Colorado 80401-3304

Telephone: (877) 705-9357
also: (720) 974-7248

Facsimile: (303) 839-5907



Email Mindy Jo:
Telephone: 877-705-9357  USA MOUNTAIN TIME ZONEGMT -8 HRS

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News News Alert: Statement of Changes in Beneficial Ownership (4) 06/24/2016 08:02:34 AM
#2650  Sticky Note Understanding NI 43-101 Language ThSeeker 04/13/16 09:54:55 AM
#2667   When stock price goes the opposite direction of Lowjack 06/24/16 12:48:37 PM
#2666   Relentless insider buying by Director Honig continues this DrJohnRaymond 06/23/16 08:32:34 AM
#2665   You might have read the recent article by MisterButtunz 06/21/16 09:25:33 PM
#2664   That was a very rough article and one joev2 06/21/16 10:38:15 AM
#2663   There are some clear misrepresentations in a recent EJR15 06/21/16 08:47:48 AM
#2662   Pershing Gold Director Barry Honig is a prolific rtraster 06/21/16 01:57:05 AM
#2661 r2g2 05/19/16 07:17:57 PM
#2660   And here is the further information, tho it someconcerns 05/16/16 05:51:22 PM
#2659   Yup, saw that. Current holdings zero. someconcerns 05/15/16 01:13:11 PM
#2658   Dr. Frost SOLD 3.0 million shares of PGLC!! kellyaemmerson 05/12/16 04:22:19 PM
#2657   ARTICLE: The Smart Money is Flowing into Pershing rtraster 05/11/16 09:13:24 AM
#2656   Form 4 Filing Tonight: Director Buys Another $5M rtraster 05/10/16 08:28:33 PM
#2655   Food for thought. ThSeeker 04/19/16 08:00:07 PM
#2654   Food for thought. ThSeeker 04/19/16 08:00:06 PM
#2653   Reserves? Not this quarter. I ThSeeker 04/18/16 10:46:01 AM
#2652   Interesting commentary: ThSeeker 04/13/16 10:50:50 AM
#2651   Mining companies are typically priced based on their ThSeeker 04/13/16 10:32:25 AM
#2650   Understanding NI 43-101 Language ThSeeker 04/13/16 09:54:55 AM
#2649   This is a good stock pick for British Beardo68 04/11/16 04:57:19 PM
#2648   This is a good stock pick for British Beardo68 04/11/16 04:56:45 PM
#2647   Up over 4% so far today. Looking good. ThSeeker 04/11/16 10:28:28 AM
#2646   Another way to look at potential catalyst for ThSeeker 04/09/16 11:19:20 AM
#2645   more quotes from letter ThSeeker 04/08/16 11:03:53 PM
#2644   I was not sure so I was being ThSeeker 04/08/16 10:43:37 PM
#2643   Expectation of actual mining in 2017 stockmule 04/08/16 10:23:05 AM
#2642   Upcoming catalyst - This quarter - (NI) 43-101 ThSeeker 04/07/16 04:50:15 PM
#2641   Target $6.22 ThSeeker 04/07/16 12:26:12 PM
#2640   A nice review. ThSeeker 04/07/16 12:09:01 PM
#2639   Let's hope that happens, even on a small scale. someconcerns 03/06/16 10:37:02 AM
#2638   From Shareholder letter r2g2 03/03/16 12:37:50 PM
#2637   Form 8-K for PERSHING GOLD CORP. someconcerns 03/02/16 03:30:58 PM
#2636   Good to see some action on this message Beardo68 02/22/16 06:13:56 PM
#2635   I am definitely following his yacht in my canoe. r2g2 02/22/16 05:04:57 PM
#2634   Hi r2g2, I think the management team at gzone 02/22/16 04:45:14 PM
#2633   The later, I believe. I think they are r2g2 02/22/16 11:34:37 AM
#2632   I haven't been here in a long time. stockmule 02/22/16 10:45:28 AM
#2631   Let's hope soon! someconcerns 02/21/16 05:49:11 PM
#2630   This board is pretty much asleep, but the r2g2 02/19/16 02:58:52 PM
#2629   These Four Gold Miners Can Maintain Profitability at venturecapp 12/28/15 12:04:34 PM
#2628   Same to you GZone. someconcerns 12/26/15 06:34:39 PM
#2627   Hello all here, Happy Holidays. I am very gzone 12/24/15 11:32:27 AM
#2626   I have the same question. someconcerns 09/19/15 08:34:58 PM
#2625   Anyone have an idea of what happened to gzone 09/18/15 07:10:27 PM
#2624   Pershing Gold Announces Start of BLM's Public Scoping r2g2 08/20/15 08:42:32 PM
#2623   I guess IHub has not gotten around to someconcerns 07/28/15 08:49:39 PM
#2622   Article: Insider Buying At Pershing Gold Speaks Volumes rtraster 07/28/15 01:10:35 PM
#2621   Where's the new board for NASDAQ PGLC? rtraster 07/28/15 02:45:21 AM
#2620   Still very undiscovered gold mine of a stock IMHO r2g2 07/08/15 06:03:39 PM
#2619   $PGLC recent news/filings stocktrademan 07/07/15 12:39:03 PM
#2618   $PGLC DID A REVERSE SPLIT R/S myopinion 07/06/15 12:11:53 PM