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3/10/2004 5:33:00 PM ET
Pacific Gold Corp. Files 10K and Announces New Corporate Office
TORONTO, Mar 10, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp, (OTCBB: PCFG), announced today the filing of its year-end 10K report with the SEC.
The Company reported a net loss for the year of $227,823 or $0.01/share. Pacific Gold is in the process of filing its permit applications on its Crescent Valley project and acquiring the necessary equipment for production. The Company feels, that even with the additional consulting firms hired recently to move the permit process along, it has maintained a very low burn rate and is in a good position to move into the next phase of its business plan once permits are approved for the Crescent Valley mine site.
The Company's President, Mr. Mitchell Geisler, is quoted as saying, 'Our year-end numbers, combined with all that has been accomplished this year, demonstrates our fiscal responsibility, and successful management of our financial resources. During the past year, we have acquired over 60 placer gold claims in Oregon and Nevada. Some of our claims hold proven reserves, and we have successfully acquired a lease for a Knelson gravity concentrator, while preserving our financial commitments. The coming year promises to be the Company's most successful to-date, as we move forward with an official plan of operation, anticipated permitting, and gold mining production at the Crescent Valley project in north-central Nevada by Q4-2004.'
Pacific Gold also announced today that it has relocated its corporate offices. The new office address is: 157 Adelaide St. West, Suite 600, Toronto, ON, Canada M5H 4E7.
The Company's complete 10K report can be viewed at www.sec.gov. 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 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.
the Company's website at www.pacificgoldcorp.com or by calling 416-214-1483. (PCFG)
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