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8/30/2005 2:47:41 PM ET
PCFG Begins Building Construction
TORONTO - August 30, 2005 - Pacific Gold Corp. (OTCBB: PCFG) today announced that Nevada Rae Gold has received its building permit from the Lander County, Nevada, Building Department. Construction of the CompanyŐs Building #1 at the Black Rock Canyon mine commenced on August 26th.
Building #1 will accommodate the Company's mill and screening operation at the Black Rock Canyon Mine. The building will protect the mill and equipment from the elements, and allow the Company to process gold bearing gravels year round. Building #1 is also designed to provide an area for the CompanyŐs mechanics to work on the heavy equipment and machinery.
Building #1 construction is expected to be completed in approximately six weeks.
The Black Rock Canyon Mine is operated by Pacific GoldŐs 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 learn 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 and in-production mining operations. The Company is currently focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. currently owns four operating subsidiaries. Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada. Pilot Mountain Resources Inc.("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada. Fernley Gold, Inc. ("Fernley Gold") has acquired the exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada. Oregon Gold, Inc. ("Oregon Gold") owns the Bear Bench claims and Defiance mine, 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 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.