PCFG - Production Plant Modifications
July 17 2008 - 9:15AM
PR Newswire (US)
TORONTO, July 17 /PRNewswire-FirstCall/ -- Pacific Gold Corp.
(OTCBB: PCFG) announced today that its subsidiary, Nevada Rae Gold
has begun the process for the previously announced plant
modifications at the Black Rock Canyon Mine. Nevada Rae Gold has
submitted a formal request to the Nevada Department of
Environmental Protection (NDEP) for approval of proposed
modifications to the screening plant. Prior to undertaking any
process design and equipment changes, the Company is required to
submit its proposal to the NDEP for approval. Once the permit
changes have been approved, Nevada Rae Gold can begin preparations
for the modified process design and equipment additions in order
for the mine to begin production. The proposed modifications should
allow the plant to run more efficiently, solve the various
desanding issues, and reduce operating costs. Nevada Rae Gold
currently has over 1700 acres of land covered by claims and leases
in between the famous Cortez and Battle Mountain Trends. This
northern area of Nevada is responsible for over 80% of all Gold
Production in the U.S. The Company project contains up to 500,000
ounces of gold within the claims and leases. 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 or 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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