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HUGE VOLUME POURING IN!!
"This resource is permitted and bonded and NRG plans to process up to 480,000 yards per year, for the first three years of operations, producing 6,000 to 12,000 ounces of gold per year. Following the first full year of normal operations NRG plans to expand the permitted area to cover more of its claims and plans to double the size of the screening plant in order to increase production into the 12,000 to 24,000 ounce range"
PCFG NEWS!-Pacific Gold Corp. (PINK SHEETS: PCFG) announced today a corporate
update on the status of its four operating subsidiaries and their mining projects, including development plans for 2011. Additionally the Company commented on its corporate website and production plans for 2011 to 2014.
Operating Subsidiaries and Projects
Nevada Rae Gold, Inc. - Summary
Nevada Rae Gold, Inc. ("NRG") owns and operates the Black Rock Canyon Mine. The information on this page is partly excerpted and summarized from a 43-101 technical report prepared in June 2010, and historical property reports, prepared for previous property owners, by Bharti Engineering ("Bharti") and Robertson Research ("Robertson"). The Bharti and Robertson reports are not 43-101 compliant. NRG has mining rights to a portion of the property covered in the Bharti and Robertson reports. The Company has identified a resource, in the lower Black Rock Canyon, and not including other areas under claim, of almost 1.2 million yards of gravels with an estimated gold grade of 0.5 grams per yard (grade based on a limited sample location). This resource is permitted and bonded and NRG plans to process up to 480,000 yards per year, for the first three years of operations, producing 6,000 to 12,000 ounces of gold per year. Following the first full year of normal operations NRG plans to expand the permitted area to cover more of its claims and plans to double the size of the screening plant in order to increase production into the 12,000 to 24,000 ounce range. The resource size indicated above is strictly limited to the area of Black Rock Canyon that NRG has studied sufficiently to identify in its 43-101. Future gold grade testing and seismic work will establish the size of the remaining resources at Black Rock Canyon, Tubs Springs, Mud Springs and other areas under NRG control.
2011 Planning
The Company is currently investigating mining contractors and heavy equipment suppliers and plans to begin gold production at Black Rock Canyon in 2011.
Fernley Gold, Inc.
Fernley Gold Inc., entered into a lease agreement in 2004 for the right to mine 36 claims covering 640 acres of the Lower Olinghouse Placers. The claims are known as Butcher Boy and Teddy, and are located approximately 34 miles east of Reno, Nevada just off Interstate 80.
The Butcher Boy and Teddy Claims contain an estimated 445,000 ounces of gold contained in approximately 30,000,000 cubic yards of alluvial gravels. The average grade is 0.4 grams per cubic yard. In 2009 Fernley Gold filed its initial mining plan of operations with the BLM which began the permitting process.
2011 Planning
The Company had an initial scoping meeting with the NDEP and BLM in late 2010 and plans to continue the permitting process in 2011.
Pilot Mountain Resources, Inc.
The claims cover a tungsten deposit with known mineral resources previously established per a pre-feasibility study prepared by Kaiser Engineers in the early 1980's. Resource estimates are over 9,000,000 tons and approximately 35,000 tons WO3, grading 0.386% WO3. Additionally there is the potential for significant copper, zinc and silver credits. The next step in development of Project W is completion of a 43-101 report based on historical information, and once complete then upgrading the feasibility study to current date.
2011 Planning
The Company plans to engage a consulting firm to prepare the historical 43-101 report in 2011.
Pacific Metals Corp.
Pacific Metal mining claims include the historic Graysill Mine, a past producer of vanadium and uranium ore. The Graysill Mine is known to have produced vanadium and by-product uranium during a period of approximately twenty years after World War II. Before the mine ceased production, approximately 32,000 tons of ore were mined with a reported grade of 2.41% vanadium pentoxide and 0.09% uranium oxide. In 1989, representatives of the United States Department of the Interior, Bureau of Mines Division, examined a number of abandoned mines in the San Juan National Forest, one of which was the Graysill Mine. Subsequently, in 1992, the Bureau of Mines produced a Mineral Land Assessment Open File Report titled "Mineral Appraisal of San Juan National Forest, Colorado". Most of the information relating to the Graysill Mine and the geology and mineralization of the general area was obtained from this Open File Report. Based on analyses of the results of the drilling completed by Vanadium Corporation of America a third party calculated a geological resource of 400,000 tons averaging 2.5% vanadium pentoxide and uranium resources with an expected grade of 0.08% for an estimated 20 million pounds of vanadium pentoxide and 640,000 pounds of uranium oxide.
2011 Planning
The Company is currently evaluating the available information on the Graysill Mine and is in the process of developing its plans for Pacific Metals Corp. for 2011. The Company expects to announce those plans in the first quarter of 2011.
Corporate Information
The Company would like to announce that it has completed an update of the corporate website and information about the Company and its projects is available at www.pacificgoldcorp.com
Currently the Company has 743,732,651 shares outstanding.
In the fourth quarter the Company engaged a new public auditing firm to prepare the Company audits for 2008 and 2009. The Company is working diligently to prepare and file the annual and quarterly reports for these periods as soon as possible.
The Company would politely ask its shareholders to refrain, where possible, from attempting to directly contact Company suppliers, this practice has the potential to cause damage to the Companies relationship with suppliers, causing increased expenses for the Company, and could expose the shareholders to material non-public information which would preclude the shareholder from legally trading the Company stock.
The Company also advises shareholders that all shareholder communication should be through info@pacificgoldcorp.com or 416-214-1483. Inquiries to other email addresses or phone numbers will not receive a response.
Financial Summary
The Company plans to begin gold production at Black Rock Canyon in 2011 in a range of 6,000 to 12,000 ounces per year in 2011. In 2012 the Company plans to increase production at Black Rock Canyon to between 12,000-24,000 ounces per year. In 2013 the Company plans to begin mining at Fernley Gold at a rate of approximately 10,000 ounces a year and increasing to 20,000 ounces per year in 2014. Total company wide gold production is planned to be approximately in the range of 32,000 to 44,000 ounces per year by the end of 2014. There can be no assurance as to production rates or profitability from these estimates.
Based on recent prices from www.mineralprices.com , Pilot Mountain claims have a current in-ground resource value of up to $900 million subject to a number of factors; confirming the deposit grades of copper, zinc and silver credits; mining extraction and processing costs; and metal recovery efficiencies; all of which could lower the amount recovered significantly. Once the pre-feasibility study is updated a more accurate expectation of mine finance and potential operating numbers should become available.
Based on recent prices from www.mineralprices.com , Pacific Metals claims in-ground resource values could be as high as $160 million not accounting for extraction costs, which could be considerable, however the Company has not yet undertaken the necessary steps to confirm the size and scope of the deposit as indicated in the historical writings and reports.
Pacific Gold Corp. continues to seek the necessary capital to complete its plans for 2011 and beyond. Without additional capital there is no assurance that the Company will meet all of its goals and develop its business plans as outlined above. In the event that less capital is raised than necessary to meet all the goals above priority will be placed on bringing the Black Rock Canyon mine into production.
In the fourth quarter of 2010, the Company raised $150,000 in the form of loans from a related party controlled by an officer of the Company.
To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG), visit the Company's website at www.pacificgoldcorp.com. Or contact the Company directly at 416-214-1483.
About the Company
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, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp. ("Pacific Metals") owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward- looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2010 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
.029 X .03
PRODUCTION NEWS RELEASED!!!!!!!!!!
Ditto, outstanding job!
Do we know for sure that there was no mobile office trailer there before? If this is new, I agree that it is very promising indication that big things are in the works (which I already believed).
Your going to scare yourself out of your shares. Everything will be fine here if you can be patient. The fundamentals have not changed since this was at .07. If anything, we are closer to production and in a better place now than this company has been in years.
1Mil shares traded in first half hour isn't bad. Volume before price.....
Looks like a gap at the open. Maybe we will see some volume today and start the next leg up.
Are those picks recent, or not? Anyone know for sure?
It has been nice this week to see some interest flowing back into WOLF in the form of increased volume and bid support.
Looking forward to IP results......
With some volume, it should be. Very low volume thus far today.
You clearly have no clue. What chart is this, the one you just drew on a napkin? Come on......
Nice little buying opportunity here before this makes a move north.
How about we leave the guy to do his job. Unless you have a very important question I would leave Mitch alone. News will be released when it is ready to be released!
Patience, our time is near.......
Looks like the smart money is starting to come back into PCFG. Hmmmmmmmm
We just need some volume and we move. This is setting up for a really big next leg up in the VERY near future.
YES
Great post! Everyone needs to have some patience and let the company do their thing! Everything will come together over time and IMO shere holders will be rewarded greatly.
Everything is spelled out in the last PR to show that we are VERY close to production:
TORONTO, ONTARIO--(Marketwire - Nov. 1, 2010) - Pacific Gold Corp. (PINK SHEETS:PCFG) announced today that it has completed a successful test using Geotubes to clean process water at the Black Rock Canyon Mine.
The Company processed gravels through its modified screening plant with sufficient efficiency and was able to use Geotubes to successfully reduce the fine sand particles from reaching the water recycling ponds, which in turn provide clean process water for the screening plant.
The cleaner process water allows the screening plant to operate its pumps and equipment with greater efficiency by providing a better washing of gold bearing gravels for increased recovery of gold, as well as limiting wear on pump and centrifugal bowl equipment.
With the addition of polymers, the Geotubes retained a large portion of the sand fed to them while separating the clean water from the sand. The tubes produced an initial flow of discolored water that contained almost no slime or sand particles, and after a small retention time in the tubes the water effluent was transparent with no noticeable sand particles.
The Geotubes were successful in providing the mine with a desanding solution and allowing the Company to begin production planning.
The Company's next steps will include determining the exact polymer mix and retention time for the slurry feed to the Geotubes in order to maximize the cleanliness of the process water at the minimal cost for the mine.
The mine will begin preparing the site for production with the new screen plant assembly and the permanent use of the Geotubes.
The Company is still conducting its search for a hauling and excavating contractor.
.044 X .045
With a little more volume this could POP today.
Adding to my position here at the ask.......
Take down on very low volume, nothing to worry about IMO.
The company intends to return to fully reporting and re-list on the OTCBB. It would be a huge boost to the PPS when the company completes this process.
Whats strange is those numbers are different then what was on the website yesterday. I don't remember what the numbers were but they were lower and it said September 2010 not November 2010 on the left. They also just added the Nov 4th news today.
So T/A says 76MM O/S and the website says 32MM O/S (updated today). Either way this has a very very low share count and should be trading MUCH higher.
HERE WE GO
GREEN with increasing volume......
Wow, seems like a lot of people were scared off yesterday. This place is quiet....
.25 is mine. I might hold a few after that point is reached but I will sell the majority of my position at a quarter. That is my plan as of today, but is subject to change based on new developments.
Good morning all. Looking for a reversal today to start the move towards the .08+ area.
Stop with the repetitive bashing, it's called spam and should be removed from this board.
This is not easy to watch, but it's all part of the game.
Still holding a ton of shares for a much, much higher PPS.
What some people are forgetting is that TAON was up over 300% yesterday. Everyone wants to get rich overnight and expected this to run to .08+ without taking a breather.
Profit taking and consolidation and then the next move up IMO.
Patience should pay off here.
Smart move, tons of potential here.
Exactly, people seem to forget that this was up over 300% yesterday!
Actually TAON finished up 329% today, but who is counting. haha
I bought a big position this morning after your alert on Friday followed by a weekend of DD. Thank you!
And yes, I am holding for much higher gains. Watch out when that NI43-101 is released.
Care to tell us about your plan with this one?
You must go back to July 7th of 2009 to find a day with higher volume than what was traded today. Talk about a nice start to a serious breakout!!
IMO this has not even started yet. Many heavy hitters are not even aware of this one yet......
Nice try but I think they have security pretty well covered:
Tao Minerals Ltd. (Tao) (PINK SHEETS: TAON) is pleased to announce that Britanico Security Group (Britanico) has commenced their full security assessment of the El Colmillo Gold Mine project. As announced in June, 2010 Tao had entered into an agreement with Britanico to provide full security services as it prepares to resume mining operations at the El Colmillo Gold Mine project. Britanico Security Group is a registered company within Colombia that is based in Medellin. The Britanico team is comprised of highly trained, qualified professionals who are mainly ex- British Forces with many years of experience in risk management and security within South America, Afghanistan, Iraq, Europe, and the U.K. During the upcoming weeks Britanico's team will be investigating the overall security climate in the El Colmillo region working towards a comprehensive, detailed plan tailored for Tao's needs at the mine site. Britanico will compile intelligence reports provided by the Colombian army, local police agencies and available foreign intelligence as part of this undertaking. Further information on Britanico is available by going to the company website at www.britanicosecuritygroup.com.
Tao geologists estimate that a substantial amount of gold could be produced from the known mineralization at the El Colmillo project. No value has been placed on additional revenue from any additional precious and base metals that are contained in that ore. The gross value could be increased significantly by the probability of the existence of additional sub parallel veins, as well as by continuity of all mineralized structures along strike zones, both to the north and south of the known workings.
+225% on 24MIL in VOLUME!!