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1/20/2004 1:17:00 PM ET
Pacific Gold Corp. Announces Permitting Plan
TORONTO, Jan 20, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp, (OTCBB: PCFG), announced today that its subsidiary Nevada Rae Gold, Inc. has hired Chemrox Technologies to prepare, file and complete a Plan of Operations with the Bureau of Land Management and the State of Nevada for its Crescent Valley Project.
Chemrox and Company representatives held a preliminary meeting, with the State of Nevada and the BLM, in early December to discuss the various permitting options and environmental issues. Since then the Company has been preparing its Plan of Operations and its mining plan, in addition to the other necessary documentation for permitting.
Pacific Gold, through its subsidiary Nevada Rae Gold, has retained Chemrox on a 10-month contract to complete the permitting for the alluvial gold mine in Lander County near Crescent Valley. The Company's current estimate is that the permitting process will take about 10 months. Nevada Rae Gold hopes to be conducting mining operations by the fourth quarter of 2004.
In addition, the Company has begun the process of securing water rights as well as developing a timetable for the acquisition of personnel and equipment needed for mining operations.
Mr. Geisler, President, Pacific Gold, stated 'Our plan is to work closely with Chemrox to achieve an approved plan of operations that will allow the Company to develop a strong gold recovery operation in Crescent Valley, while at the same time, putting our claims and leases into production as soon as possible. We hope to be permitted before the end of the year and begin mining in Nevada in the fourth quarter of 2004.'
About Chemrox Technologies
Chemrox Technologies provides specialized services in due diligence, reserve confirmation, mine planning, forensic geochemistry, groundwater modeling, water restoration, environmental permitting and reclamation. With offices in Colorado, Montana, Arizona, Nevada and Pennsylvania, Chemrox can manage most mining and environmental situations in the United States.
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 southwestern Oregon.
Additional information is available at 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 2004 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements.
SOURCE Pacific Gold Corp.
Additional information is available at the Company's website at www.pacificgoldcorp.com or by calling (416) 214-1483 (PCFG)
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