Jul 16, 2012 (Close-Up Media via COMTEX) -- Pacific Gold Corp.'s subsidiary
Nevada Rae Gold, Inc. announced production progress at the Black Rock Canyon
Mine in the second quarter.
According to a release on July 10, Nevada Rae Gold spent two months of the
quarter working on modifications to the plant, as laid out by its engineering
consultants, hiring a new mine manager and preparing for operations.
The Company reported that the modifications were finished in June. The
modifications included, rebuilding of current slurry pumps, a new sump tank for
the trommel, installation of baffle tanks for settling of water and a new hydro
Once the modifications were complete, the plant was able to run successfully in
the second half of June. The plant processed over 7,000 yards in 12 operating
days and was able to steadily increase the throughput each day up to nearly
1,000 yards per day in about 7 hours of operation per day. The plant was able to
operate well with the increased feed rate. The Mining crew has begun hauling new
ore for processing.
"We feel great strides were made over this past quarter positioning us to
increase production going forward," said Mitchell Geisler, Chief Operating
Officer. "Our team is working hard to ensure production moves forward and allows
us to meet our goals."
Pacific Gold Corp.'s business plan provides for the acquisition and development
of production-ready and in-production mining operations. The company is focused
on alluvial gold and base metals operations located in western North America.
Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, which owns
and operates the Black Rock Canyon gold mine, located in north-central Nevada;
Pilot Mountain Resources, Inc., which owns Project W, a tungsten based deposit
in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine
the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp.,
which owns claims in San Juan and Delores Counties, Colo., encompassing the
historic Graysill Mine.