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5/9/2005 12:42:00 PM ET
Pacific Gold Corp. Acquires Building for Black Rock Canyon
TORONTO, May 9, 2005 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that it has purchased a 5,400 square foot steel building as part of the pre-production phase for the Company's Black Rock Canyon Mine, located in north-central Nevada.
The building, expected to be delivered in June and erected in July, will be utilized by Nevada Rae Gold for its processing mill, gold room, and storage. With the mill enclosed, important processing equipment will be protected from the elements, and the Company can process at least ten months a year, with the possibility of a full twelve month production cycle. Additionally, the building will protect equipment and staff from the effects of extreme heat, precipitation, and cold weather, and will also serve to extend the life of the mill equipment. While the foundation of the building will be permanent, the building can be moved to other sites for future use, if desired.
The purchase of the building marks the beginning of the pre-production phase for the Black Rock Canyon Mine, which is expected to begin production in 2005.
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 Black Rock Canyon, 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.
Additional information is available at the Company's website at www.pacificgoldcorp.com, or by calling 416-214-1483.
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 2013 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.
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