For thousands of other reports visit RSC's Mineral Intellingence Map
Pershing Gold Corp.
Summary
| Project: | Relief Canyon | |
|---|---|---|
| Deposit: | Relief Canyon | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 3/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 19-3-2018: Pershing Gold Corp. announces an Exploration/Drilling Update report for its Relief Canyon deposit at the Relief Canyon project. Drilling results incl. 4.27m @ 21.78g/t Au, 35.19 g/t Ag from 222.2m. LAKEWOOD, Colo., March 19, 2018 (PR Newswire)— | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Anthony P. Taylor (Not stated) | |
| ABSTRACT: | LAKEWOOD, Colo., March 19, 2018 (PR Newswire)—Pershing Gold Corporation (NASDAQ:PGLC), (TSX:PGLC), (FWB:7PG1) ("Pershing Gold" or the "Company"), an emerging Nevada gold producer, announces initial results from its 2018 drilling program. In January 2018, Pershing Gold began a drilling program focusing on resource growth and reserve expansion of the West Step Out Area of its Relief Canyon Mine project (See Figures 1 and 2 below). Initial assay results have been received for six of the eight completed angledcore-holes and include high-grade intervals of 1.764 ounces per ton (“opt”), or 60.4 grams per tonne (“gpt”), of gold (“Au”) over a width of 5.0 feet (1.52 meters) in hole RC18-503, and 0.87 opt, or 29.8 gpt, Au over a width of 3.9 feet (1.19 meters) in hole RC18-506. “We are encouraged by these initial results, that include step-outs as wide as 800 feet. We believe this drilling confirms the lateral continuity of the three-stacked mineralized zones to the southwest of the existing pits at the project. We are confident that these results will expand the economic pit shell, thereby increasing the size of the resource, and may increase the average grade of the resource,” stated Stephen D. Alfers, Pershing Gold’s Chairman, President and CEO. “The 2018 drilling program continues to work lockstep with the Company’s plans to advance Relief Canyon to commercial production. The program’s stated goals of adding nearterm ounces, continuing to extend mine-life and adding to the overall production profile for the project, remain the primary focus of the program,” explained Alfers. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report