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6/22/2004 1:52:00 PM ET
Pacific Gold Corp. Acquires CAT 980C FEL and Ford F-350
TORONTO, Jun 22, 2004 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that it has acquired a CAT 980C Front End Loader (FEL) and a Ford F350 Dual Powerstroke Truck. In addition the Company has acquired some other minor plant components.
The CAT 980C FEL has a 5 yard bucket and will be initially used at the Defiance Mine before being moved to the Crescent Valley site. The 980C will allow Grants Pass Gold to operate the Defiance Mine at a higher capacity than with the current equipment on site, allowing for a better potential return on investment.
PCFG has also purchased a Ford F-350 Pick-up truck, which will be primarily used for short hauls and equipment transfers in addition to crew movement.
Mitch Geisler, the Company President stated today, "This is another positive development for Pacific Gold. We have been able to acquire these important assets in a short time to assist in operating our projects more efficiently."
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.
For additional information or Investor Relations, please call the Company at: 416-214-1483, or visit our website at www.pacificgoldcorp.com. (PCFG)
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