Pacific Gold Corp fka PCFG

[TRAPPER JIM]

Proven Reserves as stated by the company.Heres the press release from the website.They have an NI 43-101 even thou we havent seen it.
10/8/2003 2:11:00 PM ET
Pacific Gold Corp. Acquires Gold Mining Project in Nevada

TORONTO, Oct 8, 2003 /PRNewswire-FirstCall via COMTEX/ -- Pacific Gold Corp, (OTCBB: PCFG), announced today that it has staked and recorded 29 placer gold mining claims near Crescent Valley, Nevada. The mining claims are held in a newly formed subsidiary of the Company, Nevada Rae Gold, Inc.
http://www.pacificgoldcorp.com/news031008.html
The claims comprise 30% of a large alluvial gold resource in northern Nevada. Previous, independent geological, engineering and pre-feasibility reports indicate the property contains almost 1.98 million cubic yards of gravel grading 0.034 oz/yd of gold in a proven reserve category, and a further 6.3 million cubic yards of gravel grading 0.031 oz/yd in a probable reserve category. In addition, the project has the potential for another 30-100 million cubic yards of gold bearing resource.

The claims are located in the famous Battle Mountain-Crescent Valley Gold Trend in Lander County, Nevada. The property lies in the Bullion Mining District some 85 km west of Elko and 50 km southeast of Battle Mountain. Many large scale mining operations are located nearby including the Pipeline Mine owned jointly by Placer Dome and Kennecott. Recently, Placer Dome released news of it's nearby Cortez Hills discovery which could contain up to 10 million ounces of gold. The Nevada Rae Gold claims may contain some hard rock deposit potential.

The Company is currently negotiating to acquire additional sections of the Crescent Valley placer gold project through mining leases and claims purchases.

'We are extremely excited about the Crescent Valley project and we believe this will add a new dynamic to our Company. This project will help us reach our goals of increasing the Company's potential reserves, and meeting an immediate timetable to production.'stated Mitch Geisler, President, Pacific Gold Corp. 'We hope to be operational in Oregon prior to year-end, and in Nevada prior to the end of the second quarter 2004.'

During the past 90 days the Company has completed almost $250,000 in financing as direct debt. The proceeds have been used to pay acquisition costs with respect to the Defiance placer gold project in Oregon, and to fund exploration activities and general working capital.