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8/17/2005 9:35:02 AM ET
Pacific Gold Corp. Acquires Gold Recovery Unit
TORONTO, Aug 17, 2005 /PRNewswire-FirstCall via COMTEX/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that it recently ordered a new Knelson XD-48 centrifugal concentrator for the Black Rock Canyon Mine near Crescent Valley, Nevada.
The new equipment is scheduled for delivery at the end of August 2005. The Knelson will be the main recovery unit for fine gold from the Black Rock Canyon Mine. The XD-48 has a rated capacity of up to 300 tons per hour and, with its expanded bowl size, should allow for maximum recovery of the fine gold from the mined gravels. This is the third piece Knelson equipment purchased by Pacific Gold. Previously Pacific realized a more than 99% recovery rate using a Knelson bowl at its project in Oregon in 2004.
About the Knelson Concentrator; "...The semi-continuous (batch) Knelson Concentrator is the most widely utilized centrifugal gravity concentration device in the industry. With unit capacities ranging from laboratory scale to 150 tonnes of solids per hour, the Knelson Concentrator combines centrifugally enhanced gravitational forces with a patented bed fluidization process to provide unmatched performance in the recovery of precious metals. Rugged design and a high degree of quality manufacturing ensures that every Knelson Concentrator will provide many years of reliable, trouble-free operation in even the most severe operating environments. The semi-continuous Knelson Concentrator has been successfully applied in the recovery of gold, platinum, silver, mercury and native copper."
Additionally, the Company announced the purchase of a 10,000 gallon fuel tank and a 1,000 gallon fuel trailer. These units will work in tandem to store an adequate fuel supply at the mine, and also handle the daily fueling requirements of the heavy machinery.
The Black Rock Canyon Mine is operated by Pacific Gold's subsidiary Nevada Rae Gold. The Company began pre-production in April, and expects to have the Mine in production during the fourth quarter of 2005.
To find out more about Pacific Gold Corp. (OTCBB: PCFG), visit our website at www.pacificgoldcorp.com, or contact the Company at 416-214-1483.
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, Inc., 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, Inc., 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 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
SOURCE Pacific Gold Corp.
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