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Pershing Gold Corp (PGLC)

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Last Post: 3/10/2021 4:03:51 PM - Followers: 85 - 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: investors@pershinggold.com


Email Mindy Jo:  info@pershinggold.com
Website:           www.pershinggold.com
Telephone: 877-705-9357  USA MOUNTAIN TIME ZONEGMT -8 HRS

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#4146   Honig montanus 05/05/19 03:34:38 AM
#4145   Merger approved!!!!! Banski 04/02/19 08:38:51 AM
#4144   Pershing Acquisition Update and 2019 Guidance r2g2 01/25/19 12:33:46 PM
#4143   Pershing Gold Catalyst Clip with VP of Investor NYBob 01/13/19 11:42:26 PM
#4142   Don’t have slightest idea how to interpret this transaction.... learning curve 01/13/19 10:16:01 PM
#4140   USA-Pershing Investor Presentation (FINAL) - NYBob 01/12/19 12:44:01 PM
#4137   Alpha Capital fraudulent Martin Shlomo Schlaff and fraudulent montanus 01/04/19 04:36:54 PM
#4136   https://www.miaminewtimes.com/news/miami-billionaire-phillip-frost-sued-for-addi montanus 01/04/19 03:59:15 PM
#4135   Oh why oh why do you keep dropping???? Banski 11/12/18 11:57:38 AM
#4134   https://www.philstockworld.com/2018/09/09/july-2015-barry-honig-dr-frost-and-mor montanus 10/14/18 02:17:40 PM
#4133   October 11, 2018 BMGS 10/12/18 06:22:40 AM
#4132   In addition to my previous post reply.... learning curve 10/07/18 01:34:52 AM
#4131   I think your early....how early I don’t know? learning curve 10/07/18 12:33:30 AM
#4130   Crypto isn’t the new Gold. Crypto is a smitter 10/06/18 09:02:02 AM
#4129   The market participants are changing at rate faster learning curve 10/06/18 12:35:27 AM
#4128   Before I get mistaken for someone who thinks learning curve 10/05/18 02:40:55 AM
#4127   I love Oil too, but what happens when smitter 10/04/18 07:20:08 AM
#4126   I can’t completely disagree with your points, but learning curve 10/04/18 02:37:01 AM
#4125   I have not heard back from the companies, nbm16yankees 10/03/18 06:49:31 PM
#4124   I have the same question. nbm16yankees 10/03/18 03:20:49 PM
#4123   Have pglc restricted stock.WILL I NOW BE ABLE pudge2 10/02/18 09:05:21 PM
#4122   Great to hear! I feel the Mining Sector smitter 10/02/18 12:04:25 PM
#4121   I agree, good deal for Pershing. Glad I BMGS 10/02/18 11:56:31 AM
#4120   The Mining Sector is on of the most smitter 10/02/18 10:46:38 AM
#4119   Huh? You’d have to be a very short learning curve 10/02/18 02:34:06 AM
#4118   Congrats Longs. Seems like a awesome Merger from smitter 10/01/18 08:26:33 AM
#4117   I underestimated something here.... learning curve 09/26/18 03:10:11 AM
#4116   Had to sell today. The lack of liquidity, learning curve 09/18/18 03:09:25 AM
#4115   Bought small here today as well. Honig is learning curve 09/13/18 11:15:09 PM
#4114   banski- Honig won't liquidate his $2/sh stock finesand 09/11/18 12:15:15 PM
#4113   Very good DD. Thank you for doing all Banski 09/11/18 06:23:10 AM
#4112   Honig case unrelated to PGLC https://www.prnewswire.com/news-releases/pershing-g finesand 09/10/18 04:28:16 PM
#4111   https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143464353 Honi montanus 09/10/18 03:56:09 PM
#4110   PGLC Catalysts and Honig Purchases (Update) finesand 09/10/18 01:15:40 PM
#4109   PGLC a valid Honig play for a change? finesand 09/10/18 01:01:01 PM
#4108   Probably the only honest Honig play, nice (o8> finesand 09/10/18 11:38:46 AM
#4107   Barry Honig involved in Xechem scam montanus 09/10/18 04:00:30 AM
#4106   Banski Im not completely sure but maybe someone tredenwater2 09/08/18 07:58:31 PM
#4105   What’s everyone’s thoughts on the new news here. Banski 09/08/18 05:03:55 AM
#4104   Barry stockmule 09/07/18 07:15:12 PM
#4103   Most posters here have been talking to themselves stockmule 03/29/18 07:18:14 PM
#4102   https://seekingalpha.com/article/4123062-pershing-gold-believe-shares-virtually- Arpeggio4u 02/16/18 02:50:26 PM
#4101   Mr Hoenig pays himself with shareholder money, dilutes Arpeggio4u 02/06/18 09:06:08 AM
#4100   Same story here. Just open the F"ing mine already! r2g2 01/29/18 01:18:01 PM
#4099   Good luck with this stock. They just Arpeggio4u 01/27/18 09:57:44 AM
#4098   It is about time .. finesand 01/03/18 06:33:01 PM
#4097   they surely (hopefully) want to sell finesand 12/30/17 07:16:08 PM
#4096   Took a position here. Love insider buying Operationprofits 12/26/17 10:26:23 AM
#4095   Something tells me there’s a reason why he’s ASUnk00 12/20/17 08:14:24 PM
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