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4/13/2004 3:57:00 PM ET
Pacific Gold Corp. Receives Extension for Drilling Program in Oregon
TORONTO, Apr 13, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp, (OTCBB: PCFG), announced today that its subsidiary, Oregon Gold, Inc., has received extension approval for its Notice of Intent with the United States Forest Service in order to conduct a limited drill program of 13 holes on the Company's Bear Bench Project.
This approval will permit Oregon Gold to complete the drill work prior to May 31, 2004.
PCFG is in the process of acquiring specific equipment, as requested by the Forest Service, to complete the drill program including the acquisition of a track mounted drill rig.
The Company plans to release the drill results once the program is complete and the results have been tabulated.
Mr. Geisler, President, Pacific Gold, stated 'We are pleased that the Forest Service has granted us an extension of approval for our program. The drilling is expected to give us an opportunity to test the depths of the gravels on the Bear Bench, and give us additional data on the make-up and density of the gravels located in our claims.'He continued, 'The results should help us in future planning and possible production on the mining claim site.'
Initial drilling was to take place during the recent winter months, however tough weather conditions in Oregon resulted in the Forest Service requesting an equipment adjustment. The Company plans to conduct the drilling program during the next couple of months.
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 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.
Additional information is available at the Company's website at www.pacificgoldcorp.com, or by calling 416-214-1483. (PCFG)
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