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3/15/2004 1:43:00 PM ET
Pacific Gold Corp. Submits Plan of Operations for Crescent Valley Project in Nevada
TORONTO, Mar 15, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that its subsidiary, Nevada Rae Gold, Inc., has submitted a Plan of Operations to the Bureau of Land Management (BLM), and the Nevada State Division of Environmental Protection.
Nevada Rae Gold expects that the process for approval of the Plan of Operations can be completed within six to nine months.
The Plan of Operations was submitted on behalf of the Company by Chemrox Technologies, an environmental specialist firm providing professional services in due diligence, reserve confirmation, mine planning, forensic geochemistry, groundwater modeling, water restoration, environmental permitting and reclamation.
'This is an exciting time for Pacific Gold Corp.', stated Mitch Geisler, President, Nevada Rae Gold, 'we are now much closer to realizing our goal of putting the Crescent Valley mining project into full production, generating revenues and profits, and enhancing our Shareholder value.'
Pacific Gold will continue to retain the services of Mr. John Rae, P.Eng, the Company's mining engineer. Mr. Rae has worked closely with the Company during the preliminary exploration, and preparation and submission of the Plan of Operations. Mr. Rae oversees the Company's field trips, including test programs, exploration of new properties and verification of existing data.
Chemrox Technologies and Mr. Rae contribute valuable expertise to the Company, and they are committed to the process of obtaining approval for the Company's Plan of Operations.
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., owns a group of claims known as the Bear Bench, located in south-western Oregon.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about it 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 of 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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