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Pershing Gold Corp.
Summary
| Project: | Relief Canyon | |
|---|---|---|
| Deposit: | Relief Canyon | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 5/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 8-5-2018: Pershing Gold Corp. announces an Exploration/Drilling Update report for its Relief Canyon deposit at the Relief Canyon project. Drilling results incl. 12.1m @ 1.58g/t Au from 411.5m. LAKEWOOD, Colo., May 7, 2018 (PR Newswire)—Pershing Gold Corpo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Anthony P. Taylor (Not stated) | |
| ABSTRACT: | LAKEWOOD, Colo., May 7, 2018 (PR Newswire)—Pershing Gold Corporation (NASDAQ:PGLC), (TSX:PGLC), (FWB:7PG1) ("Pershing Gold" or the "Company"), an emerging Nevada gold producer, announces results from its ongoing 2018 drilling program. Expansion and resource growth is the focus of Pershing Gold’s 2018 drilling program at the Relief Canyon Mine. It has two elements: Main Zone expansion drilling in and southwest of the pit, and the West Step Out Area (See Figures 1 and 2 below). Three core rigs have completed 15,500 feet (4,724 meters) of drilling in the West Step Out Target Area and approximately 5,300 feet (1,615 meters) in the Main Zone Target Area. To date, the Company has completed 70% of the 2018 planned program. Assay results are reported in both ounces per ton (“opt”) and grams per tonne (“gpt”) of gold (“Au”). “Pershing Gold reports drilling results from the Main Zone and West Step Out Target Areas,” stated Stephen D. Alfers, Pershing Gold’s Chairman, President and CEO. “Recent drilling indicates that the Main Zone is substantially wider than in the existing pit, and this Main Zone continues up to 900 ft (274.4 meters) to the west of the existing pit. Additionally, gold grades and cyanide solubility are consistent with previous results in the Main Zone. This could result in increased tonnage in the Main Zone and in the pit itself, which could bring more tons earlier into the mine plan,” explained Alfers. “West Step Out drilling indicates that zones of mineralization are continuous to the west. This confirmed continuity of mineralization may allow us to expand the pit up to 400 feet (122 meters) to the southwest. West Step Out drilling also resulted in several intercepts with grades substantially higher than historic results, which may result in enhanced economics for the project,” stated Alfers. | |
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