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Pershing Gold Corp.
Summary
| Project: | Relief Canyon | |
|---|---|---|
| Deposit: | Relief Canyon | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 1/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 9-1-2017: Pershing Gold Corp. announces an Exploration/Drilling Update report for its Relief Canyon deposit at the Relief Canyon project. Drilling results incl. 1.5m @ 13.933g/t Au, 20g/t Ag. LAKEWOOD, Colo., Jan 9, 2017 (PR NEWSWIRE)— Pershing Gold Corpo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Larry L. Hillesland (Not stated) | |
| ABSTRACT: | LAKEWOOD, Colo., Jan 9, 2017 (PR NEWSWIRE)— Pershing Gold Corporation (NASDAQ:PGLC) (TSX: PGLC) (FWB:7PG1) ("Pershing Gold" or the "Company"), the emerging Nevada gold producer, today provides an update on the progress towards production at its Relief Canyon Mine in Pershing County, Nevada. “With the recent volatility in the gold price, the economics for Relief Canyon remain strong as a low cost, low CAPEX project in comparison with our North American peers,” stated Stephen D. Alfers, Pershing Gold President, CEO, and Executive Chairman. “Early this year the Company plans to publish a third-party Pre-Feasibility Study on Relief Canyon. This study is expected to continue to bolster the confidence in the Relief Canyon project,” Alfers explained. “Additionally, we have completed the 2016 Phase 1 Drilling Program at Relief Canyon, which successfully extended high-grade mineralization with step-out drilling to the west. We also report promising results with our Phase 2 drilling, south of Relief Canyon. We are currently evaluating the results of this drilling in consideration of follow up drilling programs. That said, our main focus will be re-starting the Relief Canyon mine,” said Alfers. Pershing Gold has received the final results from Phase 1 of its 2016 Drilling Program (the “Program”), listed in Table 1 below. A complete list of results received to date is available on our website at www.pershinggold.com. Results are reported in feet (“ft”) and meters (“m”), and in grams per tonne (“gpt”) and ounces per ton (“oz/ton”) of gold (“Au”) or silver (“Ag”). | |
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