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5/3/2004 4:26:00 PM ET
Pacific Gold Corp. Files Water Pollution Control Permit Application for Crescent Valley Project
TORONTO, May 3, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that through its subsidiary, Nevada Rae Gold, an application for a Water Pollution and Control Permit for the Crescent Valley Project has been submitted. The application will be reviewed by the Nevada Department of Environmental Protection (NDEP), with a copy also delivered to the Bureau of Land Management (BLM).
The application speaks to the hydrology, soil, sediment, vegetation, fluid sources, water usage and consumption, fluids handling, diversion, storage and safety precautions, stabilization and management controls among other items. These factors explain how the Company plans to process the gold bearing gravels combined with the water usage and its effect on the local water and environment.
The permit process is expected to be completed no later than 180 days from the date of application submission, and may be approved sooner. Prior contact, meetings, and discussions with the NDEP and BLM regarding the Company's application were initiated by Nevada Rae Gold employees and consultants, in an effort to ensure the permit is approved in a timely manner. The Company's goal for production at the Crescent Valley project is the fourth quarter of 2004.
'This is another important step for our Company,'stated Mitch Geisler, Company president, 'We are making great progress toward our goal of being fully permitted by the end of the third quarter 2004. Submission of the Water Pollution and Control Permit is the final application undertaking required by the Company in anticipation of approval to begin production in 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.
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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