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Pershing Gold Corp (PGLC)

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Last Post: 8/18/2017 9:46:25 PM - Followers: 97 - Board type: Free - Posts Today: 24

 

                

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.



                                                                       Projects
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

 


 



CSTOCKHOLDERS' EQUITY :
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.


          
Contact:

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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PostSubject
#4002   $PGLC https://baxternewsreview.com/pulling-back-the-layers-on-pak-gulf-leasing-c $Pistol Pete$ 08/18/17 09:46:25 PM
#4001   It looks like a strong close today Prince! zigzagman 08/18/17 03:53:43 PM
#4000   let's see what she can do here before Prince Goro 08/18/17 03:46:44 PM
#3999   Pershing Gold is keen to get cracking at zigzagman 08/18/17 02:49:42 PM
#3998   looking great so far today. PGLC is up Prince Goro 08/18/17 02:14:35 PM
#3997   3.02 super thin on the ask, green heading budfoxhub 08/18/17 02:04:03 PM
#3996   Bullish looking weekly chart! +2.72% this week and zigzagman 08/18/17 01:52:09 PM
#3995   This is one very exciting Gold stock! if Prince Goro 08/18/17 01:03:01 PM
#3994   Barchart.com upgraded their opinion to 56% Buy today! :-) zigzagman 08/18/17 12:02:02 PM
#3993   Check out this nice article about PGLC! http://www.investorideas.com/CO/PGLC/new Prince Goro 08/18/17 11:49:39 AM
#3992   That chart is looking very nice! Cabroncita 08/18/17 11:02:23 AM
#3991   Another HOD at 3.04 ~ Up 4.11% with zigzagman 08/18/17 10:51:00 AM
#3990   3.04 ready for some slaps! nice green start! budfoxhub 08/18/17 10:45:30 AM
#3989   Nice way to start the day! Cabroncita 08/18/17 10:39:33 AM
#3988   Check out the PGLC weekly chart here Prince Goro 08/18/17 10:23:39 AM
#3987   Positive action on PGLC here today Prince Goro 08/18/17 10:23:13 AM
#3986   New high of day! +3.42% at 3.02 and zigzagman 08/18/17 10:14:28 AM
#3985   Let's see what kind of action we have Prince Goro 08/18/17 10:01:47 AM
#3984   August 17, 2017 (Investorideas.com Newswire) Investorideas.com, a global budfoxhub 08/18/17 09:19:01 AM
#3983   Nice support for sure Bud! Cabroncita 08/18/17 08:59:09 AM
#3982   Same here Cab! Nice support on the budfoxhub 08/18/17 08:56:50 AM
#3981   Barchart.com rates the daily chart a Buy! zigzagman 08/18/17 08:46:58 AM
#3980   the trend is your friend on the PGLC Prince Goro 08/18/17 08:34:14 AM
#3979   It sure is Bud! I think we Cabroncita 08/18/17 08:08:08 AM
#3978   the company website features the June investor presentation at: budfoxhub 08/17/17 03:56:07 PM
#3977   Under 3 loading zone! budfoxhub 08/17/17 03:54:41 PM
#3976   Informative article! Thanks! Cabroncita 08/17/17 03:34:31 PM
#3975   It would be suspected and healthy to see Prince Goro 08/17/17 03:12:00 PM
#3974   Nice article out today for PGLC http://www.investorideas.com/CO/PGLC/news/2017/0 Prince Goro 08/17/17 02:52:56 PM
#3973   (NASDAQ: $PGLC) (TSX: $PGLC.TO) New Website Showcases Preliminary budfoxhub 08/17/17 02:38:43 PM
#3972   You can download the Feasibility Study from the zigzagman 08/17/17 02:17:40 PM
#3971   Indeed. Check out this nice article about PGLC! http://www.investorideas.com/CO/ Prince Goro 08/17/17 02:13:58 PM
#3970   LOL indeed it is! Cabroncita 08/17/17 01:38:51 PM
#3969   Five Analysts rate PGLC a Buy with a zigzagman 08/17/17 01:37:53 PM
#3968   the trend is your friend on the PGLC chart Prince Goro 08/17/17 01:34:53 PM
#3967   rsi heating up, trending higher: budfoxhub 08/17/17 01:28:40 PM
#3966   I hope that the volume picks up this afternoon. Cabroncita 08/17/17 01:03:29 PM
#3965   Jack Perkins, Vice President of Investor Relations at zigzagman 08/17/17 12:57:32 PM
#3964   Let's see what kind of action we have Prince Goro 08/17/17 12:43:20 PM
#3963   Looking forward to $PGLC scooping up buckets of Gold! roger wilco 08/17/17 12:20:50 PM
#3962   According to chief executive officer Stephen Alfers, the budfoxhub 08/17/17 12:20:27 PM
#3961   Pershing Gold has put out some great News recently! zigzagman 08/17/17 12:11:33 PM
#3960   Check out this nice article about PGLC! http://www.investorideas.com/CO/PGLC/new Prince Goro 08/17/17 11:50:01 AM
#3959   This is one very exciting Gold stock! if Prince Goro 08/17/17 11:03:27 AM
#3958   Check out the PGLC weekly chart here Prince Goro 08/17/17 11:03:08 AM
#3957   Time to load up zig! budfoxhub 08/17/17 10:21:26 AM
#3956   The daily chart looks Bullish here... zigzagman 08/17/17 10:17:21 AM
#3955   That it has...good point! Cabroncita 08/17/17 10:02:00 AM
#3954   Threats of war has always been a catalyst roger wilco 08/17/17 09:59:49 AM
#3953   Definitely big exposure here to the gold sector! budfoxhub 08/17/17 09:47:58 AM
PostSubject