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3/23/2004 3:15:00 PM ET
Pacific Gold Corp. Announces Progress on its Plan Of Operations for the Nevada Project
TORONTO, Mar 23, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that its subsidiary, Nevada Rae Gold, Inc., has submitted additional information and requested Plan of Operation amendments to the Bureau of Land Management (BLM), and the Nevada State Division of Environmental Protection (NSDEP).
The BLM and NSDEP, in the process of reviewing the Company's Plan of Operations, has requested additional information on the Plan. The Company has responded to the request for additional information, and submitted an amended Plan of Operations. The BLM and NSDEP are in process of reviewing the amended Plan, and Nevada Rae Gold expects the process for approval will be completed within six to nine months.
Mr. Geisler, President Pacific Gold, stated 'We are very pleased with the progress that has been made toward obtaining the Company's mining permits in Nevada. The approval process for mining production is expected to take six to nine months, including a number of comment rounds with the BLM and NSDEP. The purpose of the comment rounds is to add clarification, where required, to the Company's Plan of Operations, and is a natural part of the process for permitting a mine. The fact that we have already received questions and responded in a timely manner demonstrates that we are still very much on course to receiving approval to mine before the end of this year'.
The Plan of Operations continues to be 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.
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 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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