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Pershing Gold Corp.
Summary
| Project: | Relief Canyon | |
|---|---|---|
| Deposit: | Relief Canyon | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 6/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 6-6-2017: Pershing Gold Corp. announces a Pre-Feasibility Study report for its Relief Canyon deposit at the Relief Canyon project. Results of Pre-feasibility study, resource update & Initial reserve estimate for project. Mine Development Associates (“MDA” | |
| Resources: | (Reserve, P+P): 14.39Mt @ 0.113oz/t Ag + 30.53Mt @ 0.021oz/t Au | |
| CP/QP: | [Resources]: Paul Tietz, (Mine Development Associates) | |
| ABSTRACT: | Mine Development Associates (“MDA”) has prepared this Technical Report and Preliminary Feasibility Study on the Relief Canyon project, located in Pershing County, Nevada, at the request of Pershing Gold Corporation (“Pershing Gold”). The Relief Canyon project is owned by Gold Acquisition Corp. (“GAC”), a wholly owned subsidiary of Pershing Gold. The purpose of this Technical Report is to present a Preliminary Feasibility Study (“PFS”) and estimate of mineral reserves based on an updated mineral resource and new reserve estimate for the Relief Canyon project. Pershing Gold is listed in Canada on the Toronto Stock Exchange and on the NASDAQ Global Market with stock symbol PGLC. MDA has prepared this report and the estimates provided herein in accordance with the disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”), Companion Policy 43-101CP, and Form 43- 101F1, as well as with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards - For Mineral Resources and Reserves, Definitions and Guidelines” (“CIM Standards”) adopted by the CIM Council on May 10, 2014. The effective date of the mineral resource estimate in this report is November 1, 2016. The effective date of this report and new reserve estimate is May 26, 2017. This report discusses a number of phases in the development of the Relief Canyon mine. When discussing the two permitting phases, roman numerals will be used to denote the phase. When discussing a mine design or scheduling phase, arabic numerals will be used. | |
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