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12/12/2003 1:48:00 PM ET
Pacific Gold Corp. Results from Sampling on Bear Bench
TORONTO, Dec 12, 2003 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp, (OTCBB: PCFG), announced today that its subsidiary, Oregon Gold, Inc., has received preliminary results from its sampling program on the Bear Bench Project conducted in November 2003. The Company recently received approval of its Notice of Intent with the United States Forest Service to conduct a drill program, consisting of 13 drill holes, on the Bear Bench Project.
The sampling program included channel samples from the Bear Bench claims through old adits close to bedrock. In addition, two pits were dug from surface to a depth of about 25 feet. Neither pit hit bedrock, and the deposit was still open to depth. The samples were concentrated on-site and sent to a firm in Reno, Nevada for assay analysis.
The following tabulates the four highest values of the remaining 15 samples.
The Company is currently budgeting the approved drilling program, and expects to complete the work prior to March 1, 2004.
The Company plans to release the results of the drilling program once the program has been completed and the results have been tabulated.
Mr. Geisler, President, Pacific Gold, stated 'We are very excited with the channel sampling and assay results. The results confirm the Company's earlier sampling and testing, that the Bear Bench contains strong potential for commercial operation. The drilling operation should give us an opportunity to test the depths of the gravels on the Bear Bench, and will provide additional data on the make-up and density of the gravels located on the claims.'He continued, 'once the program is complete, the Company expects to be well positioned to determine the requirements and feasibility for permitting the project.'
About the Company
The Company's business plan includes the acquisition and development of production-ready or in-production mining operations concentrating on gold recovery. The Company is interested in alluvial, or placer, operations located in western North America. Nevada Rae Gold, a subsidiary of Pacific Gold Corp, has acquired a gold project known as Crescent Valley, located in north-central Nevada, which contains a large alluvial deposit. Oregon Gold, a subsidiary of Pacific Gold Corp., has acquired a group of claims known as the Bear Bench located in south-western Oregon.
Additional information is available through the Company's website at www.pacificgoldcorp.com, or by calling 416-214-1483.
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 2003 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements.
SOURCE Pacific Gold Corp.
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