MASSIVE GAINS

[Let's Roll]

$PGLC / $T.PGLC Permitting
Currently, Pershing Gold has all of the state and federal permits necessary to start the Phase I mining and heap-leach processing operations. Pershing Gold is planning a two-phase permitting and development scenario for the project. Phase I, which has been approved, is the re-purposing of previously approved disturbance for expanded mining to a pit bottom elevation of 5,080 feet, partial backfilling of the Phase I pit to approximately 20 feet above the historical groundwater elevation to eliminate a pit lake, expanded exploration operations, full build-out of the heap leach pad to accommodate leaching of the Phase I ore, and construction of a new waste rock storage facility. Phase II will include additional mine expansion activities and allow mining further below the water table. Pershing Gold will use the mine plan in the PFS as the basis for the Phase II permit application, and anticipates it will submit the Phase II permit applications in the second half of 2017.

https://finance.yahoo.com/news/pershing-gold-announces-positive-preliminary-120300261.html