PC Gold Inc. (fka PKL / PCGLF)

[Renee]

PKL / PCGLF acquired; FINRA deleted symbol.

http://otce.finra.org/DLDeletions

[Mico_007]

GET MORE BEFORE THIS ENDS AT TARGET .75+ END OF SUMMER

[Mico_007]

HERE WE GO! NICE END AND WILL BE MUCH BETTER TOMORROW.

[Mico_007]

PKL PRICE SHOULD BE $.75 BY END OF SUMMER LATEST

[Mico_007]

EGOH OVER 1 BILLION WORTH OF PROVEN OIL RESERVES

[Mico_007]

MY #1 STOCK EGOH, VERY GOOD PRICE NOW, Two PR's coming starting this week. Price is only .0009 with over 1 proven oil reserves.
Check it out.

My #1 EGOH
My #2 PKL

[whitesnow]

TARGET PRICE .75 CENTS SOON

PC Gold Intersects 10.73 g/t over 4.30 m including 39.12 g/t over 1.00 m in the New No. 23 Vein Zone



PC Gold Intersects 10.73 g/t over 4.30 m including 39.12 g/t over 1.00 m in the New No. 23 Vein Zone

TORONTO, ONTARIO--(Marketwire - June 4, 2012) - PC Gold Inc. ("PC" or the "Company") (TSX:PKL)(FRANKFURT:AJ2) is pleased to report further results from the 2012 drill program, targeting the newly identified No. 22 Vein area (444.38 g/t over 1.50 m, see news release January 11th, 2012) located in the Shaft 3 area at Pickle Crow. Additional drilling has identified a new vein system within the No. 22 Vein area, now named the No. 23 Vein zone, which consists of 3 distinct parallel veins. Previous intercepts within the No. 23 vein system include 3.24 g/t over 10.15 m (See Press Release January 23rd 2012) and 23.80 g/t over 0.75 m (see Press Release April 18th, 2012).

No. 23 Vein Zone Highlights:

10.73 g/t gold over 4.30 m from 168.00 to 172.40 m including 39.12 g/t over 1.00 m in hole PC-12-276
The No. 23 Vein Zone has been intersected in 9 holes, 6 of which have returned visible gold
Three distinct gold bearing veins within the No. 23 Vein Zone
No. 22 Vein Zone Highlights:

1.27 g/t gold over 10.60 m from 101.00 to 111.60 m including 8.96 g/t over 0.50 m in hole PC-12-273
Multiple thick zones of quartz veining intersected.
Commenting on the results, JP Chauvin, President and CEO said: "The No. 22 and now No. 23 vein zones continue to return impressive results. The lack of exploration this close to the historic mine workings is a real opportunity for us to add high-grade ounces as we continue to explore this new section of the core mine trend."

PC drilled a total of 4,579 m in 28 holes during this drill program which concluded on May 15th. The drill program intersected veining in 25 of 28 holes, twelve of which encountered visible gold, and one of which (PC-12-253) returned 137.19 g/t over 1.00 m with abundant fine-grained visible gold (see Press Release March 5th, 2012). Results for holes PC-12-270 through PC-12-274 including partial results for PC-12-276 are tabulated in Table 1 below. Results for the remaining five holes, PC-12-275 through PC-12-280, are pending and will be released once the assays have been received.

The No. 22, 23 and other high-grade veins located south of Shaft 3 area are likely, with further drilling, to contribute additional resources to the Pickle Crow Mine which currently hosts a 1.26 million ounce NI 43-101 inferred gold resource* (10,150,000 tonnes averaging 3.9 g/t gold, cut, diluted and constrained). This includes a higher grade underground component comprising 1.1 million ounces averaging 5.4 g/t gold, including a high grade vein component of 600,000 ounces averaging 9.3 g/t gold, which the Company is focused on proving up.

The No. 22 and 23 Vein Zones are hosted within volcanic and gabbroic rocks of the Confederation Assemblage, which traditionally were not thought to host Pickle Crow type veins, and therefore have experienced little exploration. The lack of historic exploration and drilling on this part of the core mine trend is likely due to the swampy surface projection of these veins.

The No. 23 Vein Zone is located approximately 400 m south of Shaft 3 and consists of upper, middle and lower veins possessing a south-southwest strike and plunging to the northeast. The stacked veining of the No. 23 Vein zone is reminiscent of the en-echelon vein system which comprises the historic, No. 2, 6, and 7 vein zones, the richest of the Shaft 3 veins, which produced ~500,000 oz of gold. At present the middle vein, referred to as the No. 23 Vein proper, is the most consistent with respect to grade and width. The upper vein is narrower and higher grade with 6 of 9 intercepts returning visible gold while the lower vein displays good widths but lower grades.

The east-west striking No. 22 Vein may represent the up dip projection of the high-grade No. 8 vein structure (mined from the 2850 to 2350 foot level). The No. 23 Vein does not correlate with any historical vein system and may represent a new focal point for multiple Shaft 3 type high-grade veins.

Maps and photographs of the vein intercepts discussed in this news release can be viewed on the Company's website at: www.pcgold.ca/pr4jun2012/.

[whitesnow]

very nice !

[Mico_007]

VERY NICE VOLUME, ADDING MORE FOR TARGET OF DOUBLE! AS STATED IN PR.

[whitesnow]

very good, let many others know. load first

[Mico_007]

YOU ARE CORRECT I WILL BE LOADING BEFORE PRICE GOES HIGH VERY SOON

[whitesnow]

AS OF TODAY TARGET PRICE .73CENTS LOAD YOUR BOAT! SLEEPING GIANT ABOUT TO WAKE UP!! VOLUME PILING UP!
UPWARD TREND FORMING!
JUNE 20 2012

[whitesnow]

WAKE UP PKL SUMMER IS HERE:).75 CENTS TARGET PRICE

[whitesnow]

Share Structure

Authorized Share Capital: Unlimited common

Shares Issued: 66,783,855
Warrants: 867,035
Options: 4,675,000
Shares Fully Diluted: 72,325,890

Balance, September 30, 2011: 49,272,271

Balance, September 30, 2010: 42,272,993

7MILLION + we are doing great! :)
75 cents target is not far fetched!

[whitesnow]

TARGET PRICE .75 CENTS SOON

PC Gold Intersects 10.73 g/t over 4.30 m including 39.12 g/t over 1.00 m in the New No. 23 Vein Zone



PC Gold Intersects 10.73 g/t over 4.30 m including 39.12 g/t over 1.00 m in the New No. 23 Vein Zone

TORONTO, ONTARIO--(Marketwire - June 4, 2012) - PC Gold Inc. ("PC" or the "Company") (TSX:PKL)(FRANKFURT:AJ2) is pleased to report further results from the 2012 drill program, targeting the newly identified No. 22 Vein area (444.38 g/t over 1.50 m, see news release January 11th, 2012) located in the Shaft 3 area at Pickle Crow. Additional drilling has identified a new vein system within the No. 22 Vein area, now named the No. 23 Vein zone, which consists of 3 distinct parallel veins. Previous intercepts within the No. 23 vein system include 3.24 g/t over 10.15 m (See Press Release January 23rd 2012) and 23.80 g/t over 0.75 m (see Press Release April 18th, 2012).

No. 23 Vein Zone Highlights:

10.73 g/t gold over 4.30 m from 168.00 to 172.40 m including 39.12 g/t over 1.00 m in hole PC-12-276
The No. 23 Vein Zone has been intersected in 9 holes, 6 of which have returned visible gold
Three distinct gold bearing veins within the No. 23 Vein Zone
No. 22 Vein Zone Highlights:

1.27 g/t gold over 10.60 m from 101.00 to 111.60 m including 8.96 g/t over 0.50 m in hole PC-12-273
Multiple thick zones of quartz veining intersected.
Commenting on the results, JP Chauvin, President and CEO said: "The No. 22 and now No. 23 vein zones continue to return impressive results. The lack of exploration this close to the historic mine workings is a real opportunity for us to add high-grade ounces as we continue to explore this new section of the core mine trend."

PC drilled a total of 4,579 m in 28 holes during this drill program which concluded on May 15th. The drill program intersected veining in 25 of 28 holes, twelve of which encountered visible gold, and one of which (PC-12-253) returned 137.19 g/t over 1.00 m with abundant fine-grained visible gold (see Press Release March 5th, 2012). Results for holes PC-12-270 through PC-12-274 including partial results for PC-12-276 are tabulated in Table 1 below. Results for the remaining five holes, PC-12-275 through PC-12-280, are pending and will be released once the assays have been received.

The No. 22, 23 and other high-grade veins located south of Shaft 3 area are likely, with further drilling, to contribute additional resources to the Pickle Crow Mine which currently hosts a 1.26 million ounce NI 43-101 inferred gold resource* (10,150,000 tonnes averaging 3.9 g/t gold, cut, diluted and constrained). This includes a higher grade underground component comprising 1.1 million ounces averaging 5.4 g/t gold, including a high grade vein component of 600,000 ounces averaging 9.3 g/t gold, which the Company is focused on proving up.

The No. 22 and 23 Vein Zones are hosted within volcanic and gabbroic rocks of the Confederation Assemblage, which traditionally were not thought to host Pickle Crow type veins, and therefore have experienced little exploration. The lack of historic exploration and drilling on this part of the core mine trend is likely due to the swampy surface projection of these veins.

The No. 23 Vein Zone is located approximately 400 m south of Shaft 3 and consists of upper, middle and lower veins possessing a south-southwest strike and plunging to the northeast. The stacked veining of the No. 23 Vein zone is reminiscent of the en-echelon vein system which comprises the historic, No. 2, 6, and 7 vein zones, the richest of the Shaft 3 veins, which produced ~500,000 oz of gold. At present the middle vein, referred to as the No. 23 Vein proper, is the most consistent with respect to grade and width. The upper vein is narrower and higher grade with 6 of 9 intercepts returning visible gold while the lower vein displays good widths but lower grades.

The east-west striking No. 22 Vein may represent the up dip projection of the high-grade No. 8 vein structure (mined from the 2850 to 2350 foot level). The No. 23 Vein does not correlate with any historical vein system and may represent a new focal point for multiple Shaft 3 type high-grade veins.

Maps and photographs of the vein intercepts discussed in this news release can be viewed on the Company's website at: www.pcgold.ca/pr4jun2012/.

[whitesnow]

summer is here! all eyes will be on this one soon enough !!!
LOOKS LIKE VOLUME IS UPPING

[canucklehead80]

Going Underground
PC Gold’s Pickle Crow Mine Will Produce Again in 2016
By Ted Niles

PC Gold TSX:PKL aims to have its Pickle Crow gold property producing by 2016. “I don’t see a [resource update] happening much before we get up into the proven and probable [category],” interim President/CEO JP Chauvin declares. “We’re looking at coming up with a means to do a feasibility study, and we hope to have the whole Phase 1 project completed in about two years’ time, which includes a period of time for financing. After the feasibility study, we’re looking at another year and a half to two years again in order to bring it into production.”

Located 400 kilometres northwest of Thunder Bay, Ontario, the 4,117-hectare Pickle Crow gold mine produced 1.47 million ounces of gold and 168,757 ounces of silver between 1935 and 1966. The mine has acquired something of a legendary reputation for having earned shareholders, at the height of the Great Depression, a dividend after only 11 months of production. Recognizing, as have so many other juniors, what a high gold price means for old mines, PC Gold acquired Pickle Crow in 2008.

Read the rest of this article. http://resourceclips.com/2012/02/14/going-underground/

[floortraders]

PC GOLD STARTED AT BUY .75cdn TARGET
posted on Feb 02, 12 12:58PM (Log in to use the IP Check tool) [?]


PC GOLD LOOKS TO DOUBLE BY SUMMER7 second(s) ago


New York 12.45pm 02/02/2012 Hot Stocks Review HSR analyst Garry East starts coverage on PC GOLD PKL.T with a "BUY" rating with a target of .75cdn. The company has started its large 2012 work program. We are expecting further good news by way of the drill bit all year. With gold jrs. starting to get new legs under them now this will result in further increases in PC GOLD.
The stock is rated a "Buy and we are looking for a double by summer . --- end of story

[floortraders]

Business Overview
PC Gold is a junior gold exploration and development company focused on resource expansion and development of its 100%-owned Pickle Crow gold mine property in northwestern Ontario. The Pickle Crow area is a well known mining camp and has been known historically to host some of the highest-grade gold veins within the major gold districts in Canada. The company follows the strategy of searching for new gold deposits near old mines and believes there is considerable gold left in place within or close to the Pickle Crow mine. PC Gold has good backers and major shareholders include Premier Gold, Sun Valley Gold, RBC, BMO, Front Street and Sprott Asset Management. The company is led by its CEO, Mr. Kevin Keough, who has over 25 years of experience in the mining industry. + More info
What is interesting?
Very focused- The company has 100% ownership of a single but high potential asset, Pickle Crow gold mine.
Company’s project is in Ontario, Canada, a safe and stable mining jurisdiction with very low geo-political risks.
Year round access to excellent infrastructure with an onsite office, generator and fuel storage tanks. Road and bridge work is underway to improve the accessibility further.
The company has a very active drilling program in progress. It has plans to carry drilling at the property throughout 2010 and expects to drill over 15000 meters in phase I alone.
Based on historical data, the company has a non NI 43-101 compliant resource estimate of 1.2 million ounces of gold. The company expects to expand the current estimates and obtain NI 43-101 compliant resource estimates during 2010.
PC Gold has been announcing consistently high grade drill results and expects to obtain better grades over wider width as it tests deeper depths along the exploration trend.
A well finance company, PC Gold recently raised close to $7 million in new capital raise. This will help the company to continue to actively and aggressively carry the much needed drilling program to further confirm the exploration potential.
The company has a strong and stable management team at the helm.
Risks
PC Gold is an early stage exploration company. The commercialization risks associated with gold mineral exploration and development are high and its prospects for discovering economically viable gold resources are uncertain. Gold prices can fluctuate and a decline in the gold prices could impact the share price of the company adversely. Early stage exploration companies typically needs significant amount of capital and although well financed, PC Gold may still require additional financing. This could result in shareholders’ dilution.
Older

[whitesnow]

This STOCK IS ON THE MOVE!,
Volume of 3M!!

[canucklehead80]

PC Gold President JP Chauvin on Ontario gold assays of 2.33 g/t over 28.5m

PC Gold Inc TSX:PKL announced drill results from the Core Mine Trend of its Pickle Crow property in northwestern Ontario. Highlights include

2.33 g/t gold over 28.5 metres (including 8.96 g/t over 3 metres)
0.95 g/t over 43.4 metres (including 13.05 g/t over 1.5 metres)
2.54 g/t over 10 metres (including 5.72 g/t over 2 metres)
4.25 g/t over 3 metres (including 7.04 g/t over 1 metre)

President/CEO JP Chauvin tells ResourceClips.com, “The Pickle Crow mine ran from the early 1930s to 1966 and produced 1.5 million ounces, so it’s a property with significant underground development that’s occurred over the years. PC Gold picked up the property in 2007 and has done a fair bit of exploration. It currently has an inferred resource of 1.26 million ounces, of which 1.14 million is underground, so 90% of the resource right now is potentially underground mineable. Our current plan is to try to raise the funds necessary to be able to go underground and move the resource up to a proven and probable category in order to complete a feasibility study. But it requires a fair bit of work because we need a shaft rehabilitated, a new headframe, a new hoist room and then to dewater to get to where we need to be to drill it underground.

Read the rest of this article. http://resourceclips.com/2012/01/05/pc-gold-president-jp-chauvin-on-ontario-gold-assays-of-2-33-gt-over-28-5m/

[kiwisteve]

PC Gold Drills 254 Metres of 0.78 g/t Gold at Central Pat East, Including 106 Metres of 1.0 g/t Gold and 6 Metres of 7.67 g/t Gold
OTTAWA, ONTARIO--(Marketwire - July 25, 2011) - PC Gold Inc. (TSX:PKL) is pleased to report that drilling in the core area of the newly discovered shallow gold system at Central Pat East ("CPE") continues to deliver (see hole PC-11-141 and 145 results, below) ...

7/25/2011 7:30:00 AM
PC Gold Commences Preliminary Economic Assessment for Pickle Crow Gold Project
OTTAWA, ONTARIO--(Marketwire - July 6, 2011) - PC Gold Inc. (TSX:PKL) is pleased to report that Micon International Limited ("Micon") has been retained to complete a National Instrument 43-101 ("NI 43-101") compliant preliminary economic assessment ("PEA") on ...

7/6/2011 7:30:00 AM
PC Gold Drills 373 Metres of 0.58 g/t Gold at Central Pat East, Including 97.85 m of 1.03 g/t and 11.00 m of 4.28 g/t
OTTAWA, ONTARIO--(Marketwire - June 22, 2011) - PC Gold Inc. (TSX:PKL) is pleased to report that ongoing drilling at the newly discovered shallow gold system at Central Pat East ("CPE") has cut another long intercept in hole PC-11-139, consisting of a broad low grade envel...

6/22/2011 7:30:00 AM
PC Gold Files Technical Report for 1.26 Million Ounce Pickle Crow Gold Project
OTTAWA, ONTARIO--(Marketwire - June 7, 2011) - PC Gold Inc. (the "Company") (TSX:PKL) is pleased to announce that it has filed a technical report entitled: " A Mineral Resource Estimate for the Pickle Crow Property, Patricia Mining Division, Northwestern Ontario, Canada...

6/7/2011 7:30:00 AM
PC Gold Drills 251 Metres of 0.82 g/t Gold at CPE; Commences Development Permitting for Underground High Grade Resources (1.1 Million Ounces at 5.4 g/t) in Pickle Crow Mine
OTTAWA, ONTARIO--(Marketwire - May 2, 2011) - PC Gold Inc. (TSX:PKL) is pleased to report that ongoing step-out drilling at the newly discovered shallow gold system at Central Pat East ("CPE") has produced what is believed to be the longest gold bearing intercept in the hi...

5/2/2011 7:30:00 AM
PC Gold Announces Initial 1.26 Million Ounce Gold Resource for Pickle Crow
OTTAWA, ONTARIO--(Marketwire - April 18, 2011) - PC Gold Inc. (the "Company") (TSX:PKL) is pleased to announce the first National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate for the Company's Pickle Crow gold mine property in northwestern Ontario,...

4/18/2011 7:30:00 AM
PC Gold Discovers Largest Gold-Arsenic System Ever Drilled in Pickle Lake Camp; Wide Near Surface Intercepts up to 0.70 g/t Gold Over 137.50 m Including Multiple High-Grade Zones Such as ...
OTTAWA, ONTARIO--(Marketwire - Jan. 10, 2011) - PC Gold Inc. (TSX:PKL) is pleased to report the discovery of an entirely new, large scale gold-arsenic system in near-surface drilling at the Company's Pickle Crow gold mine property in northwestern Ontario,...

1/10/2011 7:30:00 AM
PC Gold Closes $10 Million Bought-Deal Offering
OTTAWA, ONTARIO--(Marketwire - Dec. 7, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. PC Gold Inc. (TSX:PKL) (the "Company") is pleased to announce that it has closed its previously announ...
12/7/2010 9:24:00 AM

http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=92972093-9544-4541-aea1-6b4650c2371f

[kiwisteve]

PC Gold Announces Initial 1.26 Million Ounce Gold Resource for Pickle Crow

OTTAWA, ONTARIO--(Marketwire - April 18, 2011) - PC Gold Inc. (the "Company") (TSX:PKL) is pleased to announce the first National Instrument 43-101 ("NI 43-101") compliant mineral resource estimate for the Company's Pickle Crow gold mine property in northwestern Ontario, Canada.

http://www.marketwire.com/press-release/PC-Gold-Announces-Initial-126-Million-Ounce-Gold-Resource-for-Pickle-Crow-TSX-PKL-1428696.htm

[kiwisteve]

Todays pm volume came just abut 1/2 an hour after the NIA recomendation hit my inbox!

Nice.

[eagleye]

well that thought didn't work out to well? LOL might be a good time to add though?

[eagleye]

I think this is a good stock to hold right now!

[kiwisteve]

This looks a unique situation here, I will buy this week - PCGLF
Kiwi

[Eryk]

PCGLF is the U.S. listing for this stock, yesterday I could not find it and actually started a board, today the admin sent me a message saying it already exist. Please see if it could be set so that it can be found with the US listing. Thank you Happy Holidays

[kiwisteve]

Daily/Weekly charts





Kiwi

[kiwisteve]

PHOTOS - INFRASTRUCTURE
http://www.pcgold.ca/en/Photos_-_Infrastructure_62.html#

site map - http://www.pcgold.ca/en/sitemap.html

[kiwisteve]

Share Structure & Chart @0.66

Authorized Share Capital: Unlimited common
Shares Issued: 66,158,563
Warrants: 3,167,987
Options: 4,985,000
Shares Fully Diluted: 74,311,550
http://www.pcgold.ca/en/Share_Information_49.html

[kiwisteve]

Wall Street Grand Report


We have a new 5 Star Stock that we want everyone to research as soon as possible while it has dipped to atrractive levels. The company we are referring to is PC Gold Inc. (TSX: PKL.TO) currently at 63 cents.

The company website is http://www.pcgold.ca/en

PKL holds 100% ownership of Pickle Crow, one of Canada’s best known past producing gold mines, located in northwestern Ontario in a belt of rocks well known for its rich gold deposits. PKL believes there is considerable gold left in place within or close to the mine, and a major exploration program is unfolding with the objective of quantifying what remains, and making new discoveries.

The potential to revitalize old Ontario and Quebec gold mines has been recognized by other present-day resource companies such as Goldcorp, Detour Gold, Osisko Mining and Kirkland Lake Gold, all of whom have achieved success with the old mine redevelopment model. PKL recognizes similar potential at Pickle Crow, and intends to follow the same path trodden by its peers with the re-exploration and redevelopment of this well-known past producer, at one time among the best known underground gold mines in Canada.

Pickle Crow consists of a mix of contiguous patented and non-patented mining claims covering a total of 4,117 hectares (10,173 acres). The core area encompassing the past producing Pickle Crow gold mine has dimensions of approximately 4 km SW-NE by 1.5 km SE-NW, and comprises 98 patented mining claims covering 1,532.9 hectares (3,788 acres).

Pickle Crow has easy road and air access with excellent infrastructure already in place including power generators, 3 shafts, 2 winzes and some 40 kms (25 mi) of workings, 250 tpd mill, on-site office, tailings sites, mine dry facility, communications, water. Nearby housing, educational, medical, recreational and shopping facilities, labour, industrial supplies and services.
To see photos of the Pickle Crow please go to - http://www.pcgold.ca/en/Photos_-_Oct_2010_98.html

Now here's where it gets interesting...

Pickle Crow produced 1.47 million oz gold during the years 1935-1966 and only closed because the price of gold fell to $35 per ounce making it unprofitable to continue production. A major exploration and development program commenced on Pickle Crow late in 2007, and was accelerated subsequent to PKL's IPO in May 2008. PKL’s overriding goal is to demonstrate the existence on the property of a substantial compliant gold resource, and to grow that resource base as much as possible by expanding known gold zones and generating new discoveries. These goals will be pursued by, firstly, quantifying what remains within the historical workings; secondly, by drilling lateral to and below the historical workings; and thirdly, by drilling new targets located away from the core of the old mine.

Last quarter, PKL had 55 million shares outstanding and a solid balance sheet with $9.55 million in cash, NO DEBT, and a book value of $0.81.

In our opinion, PKL is extremely undervalued!

Earlier this month, PKL announced that it raised over $10 MM in a PPM at $0.90 PPS. After the private placement, PKL now has about 66 million shares outstanding and a market cap of $43.56 million with a cash position of $19.55 million.

Based off fundamentals if we subtract PKL's cash position from its market cap, the Pickle Crow property is currently being valued at only $24 million when it previously produced 1.47 million ounces of gold!

Think about this...

This means PKL is currently being valued at only $16.32 per previously produced ounce of gold, when gold is currently close to all time highs near $1,400 an oz!

In March, PKL made a run from $0.68 to a high of $1.90 for a gain of 179% in just 5 trading days, after their drilling indicated a major discovery of extraordinarily high grades of gold at moderate depths right next to existing workings. In our opinion, based on PKL's drilling during the past year, Pickel Crow has the potential to contain a multi-million ounce gold resource once again. I believe most of the gold at Pickle Crow still remains in the ground and there is huge potential to return this property into one of the TOP PRODUCING gold mines in Canada!

After the recent big dip in PKL this could potentially be a huge buying opportunity, in our opinion. We could see PKL dip a little more before making a turn around but this is a LONG-TERM play so either way we feel the gains could be significant.

Start your research on PKL.TO and stay tuned for more info.

We will have a huge new gold discovery coming this weekend so get ready!




More Updates To Come ...

[profiteer11]

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PC Gold Closes $9.1 Million Private Placement
Ottawa, Ontario – April 20, 2010 - PC Gold Inc. Inc. (TSX: PKL) (“PC Gold” or the “Company”) is pleased to announce that it has closed its previously announced offering of 5,000,000 flow-through common shares (the “Flow-Through Shares”) at a price of $1.82 per Flow-Through Share for total gross proceeds to the Company of $9.1 million (the “Offering”). The Offering was completed on a guaranteed agency private placement basis by Cormark Securities Inc. as lead underwriter, with a syndicate which included Canaccord Financial Ltd.
The proceeds of the Offering will be used by the Company to incur eligible Canadian Exploration Expenses, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than December 31, 2010. The funds will be used for exploration on the Company's Pickle Crow property located in northwestern Ontario, Canada.
The Flow-Through Shares are subject to a hold period that will expire on August 21, 2010. The Offering remains subject to the final approval of the TSX.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. person absent an exemption from the registration requirements of such Act.
For more information please contact:
PC Gold Inc.
Kevin M. Keough
President and Chief Executive Officer
Telephone: [phone]
E-mail: [e-mail]
Website: www.pcgold.ca
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.