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Pershing Gold Corp (PGLC)

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Last Post: 5/21/2017 3:10:29 PM - Followers: 94 - 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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#2711   Thx for sharing Phoenix64, I believe we are gzone 05/21/17 03:10:29 PM
#2710   Nice, thanks for the update. Banski 05/19/17 04:04:01 AM
#2709   Information regarding Pre Feasibility study Phoenix64 05/18/17 09:17:57 PM
#2708   Something is most definitely going on. Stock is Phoenix64 05/04/17 10:22:49 PM
#2707   Honig off the board of directors?? Wonder what Banski 05/03/17 06:50:50 AM
#2706   Honig bought more direct shares on the 25th. Phoenix64 04/27/17 05:51:39 PM
#2705   correct, but unfortunately gold got another hit over goforthebet 04/24/17 02:59:04 AM
#2704   Thx gofor, good video. My bet has always gzone 04/23/17 07:43:03 PM
#2703   Thanks for the post. Good interview. 6 to Phoenix64 04/21/17 08:54:14 PM
#2702   new interview from Zürich PGLC goforthebet 04/21/17 09:03:07 AM
#2701   Follow PLM and NAK all the mining stocks Connsm 04/18/17 09:58:43 AM
#2700   When are they ever going to start digging... r2g2 04/12/17 08:22:51 PM
#2699   I just want to say hi to all gzone 03/26/17 11:25:44 AM
#2698   Gold To Find New Higher Ranges In 2017 goforthebet 03/04/17 01:50:59 PM
#2697   churning and churning, while the big boys accumulate... r2g2 02/09/17 09:22:02 PM
#2696   Yes r2g2, it's very encouraging . $$$PGLC. g. gzone 01/31/17 04:54:41 PM
#2695   Honig adding- that might be a signal of r2g2 01/30/17 05:48:59 PM
#2694 someconcerns 12/09/16 09:07:31 AM
#2692   Pershing Gold Corporation (NASDAQ: PGLC / TSX: PGLC) Disciplinedinvestor 12/06/16 08:09:32 AM
#2691   On December 2, Pershing Gold announced the pricing Disciplinedinvestor 12/06/16 07:58:33 AM
#2689   And a bit of publicity as well: someconcerns 12/04/16 04:33:12 PM
#2688   Insider buying + $7.5M raised at-market + $20M rtraster 12/02/16 10:40:37 AM
#2687   Non-binding term sheet with Sprott Resource Lending to EJR15 12/02/16 10:38:56 AM
#2686   Article on SA today, comparing PGLC with GSV someconcerns 09/06/16 12:36:26 PM
#2685   GSV major discovery in Nevada. biotechnician 08/12/16 07:55:59 AM
#2683   For some reason, I have good feeling about eddyimano 07/10/16 07:20:45 PM
#2682   We've been hearing a lot of PGLC lately. jamiea 07/06/16 12:09:48 PM
#2681   I am hoping to buy PGLC on Tuesday. eddyimano 07/04/16 02:32:44 AM
#2680   PGLC has been an interesting company for me JFord 07/03/16 11:55:23 PM
#2679   Noble Upgrades Pershing Gold; Hikes Target To $6 MisterButtunz 07/03/16 05:06:29 PM
#2678   I will buy some on Monday. eddyimano 07/03/16 11:54:32 AM
#2677   Noble just upgraded its outlook for Pershing based EJR15 07/03/16 07:36:20 AM
#2676   Noble just upgraded its outlook for Pershing based EJR15 07/03/16 07:36:15 AM
#2675   Investors are hoping that these goldmines will bring janelyn 07/03/16 03:52:42 AM
#2674   I think as long as the company complies janelyn 07/03/16 03:34:05 AM
#2673   It shows how dedicated PGLC is in ensuring janelyn 07/03/16 02:58:19 AM
#2672   What interesting news. For one I'm glad SarahLong 07/02/16 09:18:42 PM
#2671   The graphics here show quite a bit of jamiea 07/01/16 03:13:32 AM
#2670   This is interesting because of how universal the SarahLong 06/28/16 06:52:29 PM
#2669   Great thread! I didn't know that there was Mijeys2 06/26/16 08:36:46 PM
#2668   I wasn't aware there were potentially profitable gold jamiea 06/26/16 06:40:49 PM
#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