Pacific Gold Corp fka PCFG

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News for 'PCFG' - (Pacific Gold Corp.: Pacific Metals Initiates Exploration Program on Graysill Mine)


TORONTO, ONTARIO, Apr 16, 2012 (MARKETWIRE via COMTEX) -- Pacific Gold Corp.
(OTCQB: PCFG)(PINKSHEETS: PCFG) is pleased to announce that its subsidiary
Pacific Metals Corp. has engaged a Color! ado based Geologist consulting firm to
begin research and field work on the Graysill Claims.

The currently planned scope of work consists of four phases; Phase 1: Detailed
research of the mine including geology, production, etc.; Phase 2: Field
evaluation of property and mine during summer field season; Phase 3: Exploration
program - drilling, sampling of old workings. This work directed by results of
field evaluation; Phase 4: NI-43-101 Report of exploration efforts.

The results from each phase will be a guide to subsequent activities. The Phase
1 research will consist of locating and assessing all available literature on
the mine followed by a summary report outlining findings. Additionally this
report will contain recommendations regarding future work on the property.

Phase 1 is estimated to be completed before the end of May 2012.

The production history of the Graysill Mine is known to have produced vanadium
and byp! roduct uranium during an approximately twenty year period 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.
The Company believes that there may be a currently known resource of up to
400,000 tons with further exploration potential.

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 acquired
exclusive 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 an! d 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





SOURCE: Pacific Gold Corp.




CONTACT: http://www.pacificgoldcorp.com




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SUBJECT CODE: Manufacturing and Production:Mining and Metals