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3/29/2004 1:45:00 PM ET
Pacific Gold Corp. Hires John Rae as Director Alluvial Operations
TORONTO, Mar 29, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that it has reached an agreement with John Rae to become the Company's Director of Alluvial Operations. Mr. Rae's position will oversee all alluvial operations of the Company.
Previously, Mr. Rae had been working on a contract basis for Pacific Gold and had been working with the Company on its Bear Bench and Crescent Valley projects as a consultant since May 2003. Mr. Rae's new position will see him follow each of these projects through the permitting phase and into licensed production.
'John will be responsible for the planning, permitting and production, as well as ongoing operations of each of our placer deposits,'stated Mitch Geisler, President Pacific Gold. 'We are very excited that John has chosen to come on board as a full time member of our team and with him we hope to build a large producing asset base.'
John A. Rae, P.Geo
Mr. Rae is a registered professional geoscientist and project manager with over 25 years experience working in many different areas of the mining industry. This experience includes the design, implementation and management of mining projects from grassroots exploration to commercial production.
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 Bear Bench, located in south-western Oregon.
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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