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3/22/2004 1:51:00 PM ET
Pacific Gold Corp. Stakes 12 additional Gold Claims
TORONTO, Mar 22, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp. (OTCBB: PCFG) announced today that, through its wholly owned subsidiary, Nevada Rae Gold, Inc., the Company has staked an additional 12 placer mining claims in Lander County, Nevada.
The claims comprise an additional 240 acres of ground adjacent to existing Company claims and follow the extension of some of the gold bearing gravels that the Company already has under claim.
Some areas of the new claims are mentioned in Geologist reports previously prepared for the region and the Company will conduct a review of the new claims as well as a review of the existing research in order to calculate a new resource total for all of the Company claims. It is anticipated that the new claims will add to the resource total.
Mitch Geisler PCFG President stated, 'The new claims will add to our resources on the ground in Crescent Valley and we are actively looking to acquire more ground near to our claims that were discussed in the research reports from the early 80's and 90's.'
Pacific Gold recently announced the filing of its Plan of Operations for the Crescent Valley project. This fact, combined with the recent acquisition of a mill site and water wells, positions the Company in an advanced phase, having made significant progress this year toward its goal of producing gold by Q4-2004.
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.
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 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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