PCFG - Dewatering Update
April 30 2008 - 11:52AM
PR Newswire (US)
TORONTO, April 30 /PRNewswire-FirstCall/ -- Pacific Gold Corp.
(OTCBB: PCFG) today provided an update on its dewatering equipment.
Pacific Gold Corp. has made arrangements with Knelson Gravity
Solutions to return the dewatering system on mutually agreed terms.
Knelson has denied any deficiency and liability to Pacific Gold
Corp. with regards to its equipment. Pacific Gold Corp., does
acknowledge that Knelson worked willingly with Pacific Gold Corp.
throughout the process of equipment commissioning. It was mutually
agreed that the equipment was not suited to the process conditions
and the equipment will be returned to Knelson. About the Company
The Company'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 five operating subsidiaries: Nevada Rae Gold, Inc. ("Nevada
Rae") owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc. ("Pilot
Mountain") owns Project W, a large tungsten based deposit in
Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive
lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; Oregon Gold, Inc. ("Oregon Gold") owns the Bear Bench
claims and Defiance mine, located in south-western Oregon; and
Pacific Metals Corp. ("Pacific Metals") 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 2008 and beyond, to differ materially from
those expressed in, or implied by, these forward-looking
statements. DATASOURCE: Pacific Gold Corp. CONTACT: To find out
more about Pacific Gold Corp. (OTCBB: PCFG), visit our website at
http://www.pacificgoldcorp.com/. Or contact the Company directly at
(416) 214-1483
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