Pacific Gold Corp fka PCFG

[noahsplay]

News for 'PCFG' - (Pacific Gold Corp.-Pilot Mountain Resources Update)


TORONTO, ONTARIO, Apr 03, 2012 (MARKETWIRE via COMTEX) -- Pacific Gold Corp.
(OTCQB: PCFG)(PINKSHEETS: PCFG), is pleased to provide a progress update for
Project W.

Pilot Metals holds a purchase option on Project W fr! om PCFG's subsidiary Pilot
Mountain Resources until September 2013. Pilot Metals plans for 2012 include a
drilling program, resource calculation, metallurgy study and a scoping study.

PCFG management believes that Project W results received by Pilot Metals, to
date, have been equal to or exceeding historical reports prepared regarding
Project W resources.

From Pilot Metals on March 19, 2012;

HIGHLIGHTS





-- "Drilling has recently been completed with the last two holes of the

program intersecting substantial, scheelite bearing skarn mineralisation

up to 150m to the east outside of the Union Carbide Feasibility Study

area. Assays for these holes are pending.

-- Significant tungsten skarn mineralisation has now been confirmed over

650m of strike and a vertical extent of 33! 0m with mineralisation

remaining open i n all directions.

-- Activities now moving to data compilation and the construction of a new

geological and resource model with the aim of delivering a maiden JORC

compliant resource calculation for Desert Scheelite by the end of June

2012.

-- Scoping Study planned to commence in the 3rd Quarter, 2012.

-- Based on the available historic Union Carbide data, Black Fire's initial

Exploration Target for Desert Scheelite is 4 - 5Mt @ 0.30 - 0.34%

WO3(i). The total Exploration Target across the three advanced prospects

(Desert Scheelite, Gunmetal & Garnet) is 7-9Mt @ 0.30 - 0.37% WO3(i)

with good potential for copper and silver credits. A total of 11 other

prospect areas are curren! tly known within the licence area providing

excellent exploration upside."



"The drilling program has recently been completed with 15 holes being drilled.
The aim of this program was to twin and infill selected historic vertical
diamond drill holes that were drilled predominantly on 33m x 33m centres (Figure
1) to provide confirmatory assay and geological information so that the
extensive historic database may be brought into a maiden JORC compliant resource
calculation for Desert Scheelite, scheduled for completion by the end of June
2012. Black Fire's drill program comprised both "twins" to historical vertical
holes and angled holes drilled to provide better geological control and confirm
true width intersections.

To view the "Union Carbide Planned Open Pit" map, please visit the following
link: http://media3.marketwire.com/docs/pcfg_carbide_map.jpg

The Desert Scheelite resource drillin! g program has been completed on schedule.
Independent resource cons ultants, Golder & Associates, have been appointed to
undertake the resource calculation and their background database work has
commenced. A Golder's consultant geologist also completed a site visit to the
project during late February for standard auditing purposes."

To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company's
website at www.pacificgoldcorp.com.

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.,
which owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a
large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquiredexclusive lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; and Pacific Metals Corp., which 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 2012 and beyond, to differ ma! terially from those expressed in,
or implied by, these forward-look ing statements.





Contacts:

Pacific Gold Corp.

416-214-1483

www.pacificgoldcorp.com





SOURCE: Pacific Gold Corp.




CONTACT: http://www.pacificgoldcorp.com




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SUBJECT CODE: Manufacturing and Production:Mining and Metals