PERSHING RESOURCES COMMENCES PHASE ONE OF NI 43-101 STUDY ON ITS NEW ENTERPRISE PROJECT
MARCH 21, 2018
The Company Contracts A Senior Geological Team To Evaluate Economic Potential of the Project
RENO, NV -- (Marketwired) -- 03/21/18 -- Pershing Resources Company, Inc., (OTC PINK: PSGR) is pleased to announce the initiation of Phase 1 exploration work and preparations for the completion of an updated National Instrument 43-101 Technical Report for its 100% owned New Enterprise project. The work began in January of this year with the fieldwork completed in early February. The final Technical Report, which will include the exploration work, is expected to be available by April 30th.
The Technical Report will asses the effectiveness of previous exploration work to test the mineral resource potential and prioritize future exploration work to advance the development of the project. This work will be supported with field observations regarding rock types, alteration, mineralization, and structure, in conjunction with multi element analysis of 106 samples. Interpretations and conclusions will discuss the mineral resource potential of the Project based on the available data and outline Phase 2 recommendations. At this point in the preparations of the report, it is anticipated that Phase 2 recommendations will include, but not limited to, an airborne and other geophysical surveys, geological mapping, additional geochemistry, and a diamond drilling program.
The Company is also pleased to announce that it has named Edward Walker PhD, P.Geo., as its principal consulting geologist on the Company's New Enterprise project near Kingman Arizona. Dr. Walker will replace Duncan J. Bain PhD, P.Geo. Dr. Bain passed away unexpectedly in mid-July of 2017. The Company has been working with Dr. Bain's consulting firm, Duncan Bain Consulting Ltd, (DBCL), of London, Ontario, to find a replacement. The Company has also named Jim Renaud PhD, P.Geo. as a primary technological consultant on the New Enterprise project to assist Dr. Walker.
Pershing Resources' CEO, Steve Plumb stated, "We are grateful to the CEO of DBCL for her diligent help in finding such well qualified professionals to continue the work that Duncan began for us. We look forward to working with our new team of geologists as we continue our exploration and development of the New Enterprise project."
Upon completion, the NI 43-101 Report will posted on the Company's website at: www.pershingpm.com/projects/the-new-enterprise-project
The technical information in this news release was prepared and/or reviewed by Edward Walker, PhD, P.Geo., an independent Qualified Person as defined in National Instrument 43-101.
