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Pershing Gold Corp (PGLC)

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Last Post: 6/26/2017 4:00:36 PM - Followers: 97 - 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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#3221   Strong close today! +2.1% at the 2.92 high zigzagman 06/26/17 04:00:36 PM
#3220   Advancing the Relief Canyon Mine budfoxhub 06/26/17 03:49:57 PM
#3219   PGLC's chief Geologist is highly experienced in Nevada Prince Goro 06/26/17 03:31:02 PM
#3218   this week is off to an exciting start Prince Goro 06/26/17 03:18:31 PM
#3217   Bullish MACD Crossover on the daily chart zigzagman 06/26/17 03:05:15 PM
#3216   I don't think it would take much at all. Cabroncita 06/26/17 02:53:11 PM
#3215   it shouldnt take much for PGLC to bust Prince Goro 06/26/17 02:40:51 PM
#3214   setting some new highs on the daily chart Prince Goro 06/26/17 02:40:25 PM
#3213   I like seeing that barchart opinion! Cabroncita 06/26/17 02:12:18 PM
#3212   24% Buy rating on the daily chart from zigzagman 06/26/17 02:10:22 PM
#3211   Woohoo! Heading in the right direction! Cabroncita 06/26/17 01:40:57 PM
#3210   Another new HOD! +2.1% at 2.92 now :-D zigzagman 06/26/17 01:39:17 PM
#3209   You are right Bud, it is looking strong! Cabroncita 06/26/17 01:23:53 PM
#3208   2.89 nice and green Cab! budfoxhub 06/26/17 01:22:30 PM
#3207   Buy Low, Sell high makes perfect sense or roger wilco 06/26/17 01:18:08 PM
#3206   New high of day! +1.05% at 2.89 zigzagman 06/26/17 01:10:22 PM
#3205   Yes it is my friend! Cabroncita 06/26/17 12:52:41 PM
#3204   Dow is always rough in the summer months. roger wilco 06/26/17 12:49:30 PM
#3203   It would be great to see an update! Cabroncita 06/26/17 12:02:55 PM
#3202   Yes indeed that is good to see! Cabroncita 06/26/17 12:00:51 PM
#3201   Going green here! +.7% at 2.88 and looking zigzagman 06/26/17 11:54:28 AM
#3200   Pershing Gold has put out some great News recently! zigzagman 06/26/17 11:30:57 AM
#3199   The Relief Canyon Mine property includes a fully Prince Goro 06/26/17 10:47:20 AM
#3198   maybe we will see a PGLC news update Prince Goro 06/26/17 10:11:58 AM
#3197   CEO of Pershing Gold Corporation Talks about Preliminary budfoxhub 06/26/17 10:09:31 AM
#3196   Nice volume to start the day! Cabroncita 06/26/17 09:57:49 AM
#3195   The CEO is Keen to get Cracking at zigzagman 06/26/17 09:49:21 AM
#3194   Looking great so far.. Check out the $PGLC Prince Goro 06/26/17 09:24:54 AM
#3193   The chart looks good Zig, thanks! Cabroncita 06/26/17 08:27:56 AM
#3192   2.92 ready for the bell! budfoxhub 06/26/17 08:27:19 AM
#3191   The price broke through the middle Bollinger Band zigzagman 06/26/17 08:22:30 AM
#3190   Good morning all! Nice to close the Cabroncita 06/26/17 06:15:56 AM
#3189   +2.14% to close out the week! zigzagman 06/23/17 04:00:41 PM
#3188   2.86 going, closing strong! budfoxhub 06/23/17 03:57:41 PM
#3187   CEO of Pershing Gold Corporation Talks about Preliminary budfoxhub 06/23/17 03:57:21 PM
#3186   Pershing Gold's landholdings cover approximately 25,000 acres that zigzagman 06/23/17 03:48:38 PM
#3185   These assets present Pershing Gold with a unique Prince Goro 06/23/17 03:20:19 PM
#3184   Looks like we will enter power hour green. Cabroncita 06/23/17 02:19:00 PM
#3183   $PGLC aims to "expand the Relief Canyon deposit Prince Goro 06/23/17 01:11:05 PM
#3182   it looks like green is holding here today Prince Goro 06/23/17 01:10:55 PM
#3181   Nice article about PGLC from The Gold Report! zigzagman 06/23/17 12:56:30 PM
#3180   Looking like a green finish to the week $PGLC roger wilco 06/23/17 12:10:22 PM
#3179   That it is my friend! Things look Cabroncita 06/23/17 11:46:44 AM
#3178   Lots of great News out recently! zigzagman 06/23/17 11:44:46 AM
#3177   6.00+ is a solid long term target as Prince Goro 06/23/17 11:43:33 AM
#3176   A solid investment backed by a NI 43-101 roger wilco 06/23/17 11:06:42 AM
#3175   It does appear that it is. Cabroncita 06/23/17 11:01:04 AM
#3174   the weekly chart here could suggest a support Prince Goro 06/23/17 10:42:59 AM
#3173   nice DD on their website here! T.PGLC Prince Goro 06/23/17 10:08:26 AM
#3172   Green out of the gates! budfoxhub 06/23/17 09:53:50 AM