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12/12/2003 2:33:50 PM ET
Pacific Gold Corp. Issues Results From Sampling on Bear Bench
LAKE HARMONY, PA, Dec. 12, 2003 (MARKET WIRE via COMTEX) --
The IO Circuit Reiterates Pacific Gold Corp. (OTC BB: PCFG) with a Buy Rating and announces 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.
Sample Number Results oz/yard 2128 1.553 2129 .032 2124 .019 2127 .009
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 Pacific Gold Corp.
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 southwestern Oregon.
Additional information is available through the Company's website at http://www.pacificgoldcorp.com, or by calling 416-214-1483.
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Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. The IO Circuit accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party consultant has hired and paid the IO Circuit $1000.00 for the publication and circulation of this report. As always do your own due diligence. Our technical analysis may from time to time cause the target price to fluctuate without notice. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. The IO Circuit has no ownership of equity and no representation of accuracy in the above company and our reports are designed to communicate company communications through our Press Release Service.
Contact: C.P. Barry Company: IO Circuit Phone: 1.888.478.7669 or 570.722.4098
SOURCE: The IO Circuit
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