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6/8/2004 1:23:00 PM ET
Pacific Gold Corp. - Buys Knelson Concentrator
TORONTO, Jun 8, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp. (OTCBB: PCFG) announced today that the Company has purchased a KC XD-30 Concentrator from Knelson Concentrators of Vancouver, Canada.
PCFG is expecting delivery of the equipment in about 2 weeks and once installed will allow full production to begin at the Defiance Mine in Oregon. The Defiance Mine is located in Josephine County, Oregon; approximately 20 miles from the town of Grants Pass. The Mine is adjacent to the Company's Bear Bench project.
The XD-30 will allow the Company to process gravels more efficiently and cost effectively and allow for higher volumes with a lower cost per yard than the existing plant.
'This is another significant step in our development.', stated Mitch Geisler, President of Pacific Gold Corp. 'The Knelson is a solid machine and should meet all of our needs at Defiance.'
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 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. Fernley Gold, Inc., a wholly-owned subsidiary, has a lease agreement on a group of claims known as the Butcher Boy and Teddy Claims, located in western Nevada. Grants Pass Gold, Inc., a wholly-owned subsidiary, owns the Defiance Mine, located in Josephine County, 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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