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Pershing Gold Corp (PGLC)

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Last Post: 7/21/2017 4:00:40 PM - Followers: 98 - 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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#3713   57k in volume, grinding higher this week! budfoxhub 07/21/17 04:00:40 PM
#3712   A green close today would make it up zigzagman 07/21/17 03:42:01 PM
#3711   appears as if PGLC is aiming for another Prince Goro 07/21/17 03:33:28 PM
#3710   the CEO of Pershing (NASDAQ: $PGLC) (TSX: $PGLC) budfoxhub 07/21/17 03:31:22 PM
#3709   That has a lot of great information for sure. Cabroncita 07/21/17 03:23:12 PM
#3708   found a new article for gold stocks and Prince Goro 07/21/17 02:51:52 PM
#3707   Pershing Gold's key asset, the Relief Canyon Mine zigzagman 07/21/17 01:33:19 PM
#3706   Nice, Zigzag. I am keeping my eyes glued Prince Goro 07/21/17 01:18:33 PM
#3705   It sure is at that! Knock louder...LOL Cabroncita 07/21/17 12:59:05 PM
#3704   Ready to go green! budfoxhub 07/21/17 12:49:53 PM
#3703   $PGLC is knocking on the doorstep of the roger wilco 07/21/17 12:41:14 PM
#3702   PGLC is having an impressive week here thus far Prince Goro 07/21/17 12:39:24 PM
#3701   A trade above 2.94 would be a Blue zigzagman 07/21/17 11:52:07 AM
#3700   I knew $PGLC was a winner the day roger wilco 07/21/17 11:50:38 AM
#3699   Check out the PGLC weekly chart here Prince Goro 07/21/17 11:45:28 AM
#3698   PGLC's Director Barry C. Honig bought 10,000 shares zigzagman 07/21/17 10:59:02 AM
#3697   did you see the website here.. Excellent DD Prince Goro 07/21/17 10:42:33 AM
#3696   Same here, nice move this week! budfoxhub 07/21/17 10:36:57 AM
#3695   Woohoo...back to 2.94! Cabroncita 07/21/17 10:33:51 AM
#3694   Hopefully we see some slaps there soon! Cabroncita 07/21/17 10:16:59 AM
#3693   PGLC looks ready to finish the week strong Prince Goro 07/21/17 10:04:10 AM
#3692   2.94 ready for some slaps! budfoxhub 07/21/17 10:02:13 AM
#3691   It sure has been my friend! Cabroncita 07/21/17 09:58:57 AM
#3690   Great week so far for PGLC. Let's Prince Goro 07/21/17 09:00:51 AM
#3689   +7.33% this week with a tall white candlestick zigzagman 07/21/17 08:26:11 AM
#3688   Good morning all! Great day yesterday! Cabroncita 07/21/17 07:15:46 AM
#3687   Green every day this week, and it closed zigzagman 07/20/17 04:04:15 PM
#3686   new high of day set for PGLC. looking Prince Goro 07/20/17 03:04:31 PM
#3685   New HOD entering power hour...sweet! Cabroncita 07/20/17 03:02:28 PM
#3684   Bulls loading up this week! budfoxhub 07/20/17 03:00:54 PM
#3683   New high of day! +2.09% at 2.93 zigzagman 07/20/17 02:52:35 PM
#3682   Check out the PGLC weekly chart here Prince Goro 07/20/17 01:48:02 PM
#3681   2.90x2.91 ready to run! budfoxhub 07/20/17 01:47:32 PM
#3680   $PGLC ~ A number of large investors have zigzagman 07/20/17 01:38:53 PM
#3679   This has been a great week for us here! Cabroncita 07/20/17 01:10:51 PM
#3678   The weekly chart looks great today! +6.23% this zigzagman 07/20/17 12:46:32 PM
#3677   Nice article here! Gold Stocks and ETF's to Prince Goro 07/20/17 12:36:36 PM
#3676   I think that we very well could see Cabroncita 07/20/17 11:58:43 AM
#3675   Hey roger. it looks like we have a Prince Goro 07/20/17 11:56:59 AM
#3674   Looks like $PGLC will be in the $3's roger wilco 07/20/17 11:54:17 AM
#3673   July 17, 2017 ( Newswire), a global budfoxhub 07/20/17 11:52:21 AM
#3672   2.91 almost gone on the ask! budfoxhub 07/20/17 11:45:57 AM
#3671   Breaking out into the 2.90's today with a zigzagman 07/20/17 11:31:25 AM
#3670   $PGLC loooking real good! $2.80's gone real quick roger wilco 07/20/17 11:24:42 AM
#3669   PGLC came up on a lot of radars yesterday Prince Goro 07/20/17 10:59:35 AM
#3668   Now that is what we want to see! Cabroncita 07/20/17 10:34:04 AM
#3667   New high of day! +1.05% at 2.90 :-D zigzagman 07/20/17 10:17:57 AM
#3666   That is always good to see! Cabroncita 07/20/17 10:10:54 AM
#3665   2.90 ready to go zig! budfoxhub 07/20/17 10:08:50 AM
#3664   +.66% at 2.889 to start the day! zigzagman 07/20/17 09:55:27 AM