Your browser does not support script

2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003

9/21/2005 9:51:14 AM ET
PCFG Corporate Update

TORONTO, Sept 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- Pacific Gold Corp. (OTCBB: PCFG) announced the purchase of a Vibrating Grizzly Feeder (VGF) system and conveyors, among other developments, at three of its subsidiaries: Nevada Rae Gold, Fernley Gold and Pilot Mountain Resources.

Pacific Gold Corp.'s new VFG system will be used at the Nevada Rae Gold, Black Rock Canyon mine located in north-central Nevada. The VFG will allow the mine to process more than 2,000 yards of gold bearing gravels per day. Additionally, PCFG purchased six new conveyors to assist with automation of the Company's screen plant, and decrease operating costs. The purchase of equipment for Black Rock Canyon is now nearly complete.

Nevada Rae Gold is making excellent progress as the Company enters the final stages of pre-production at the Black Rock Canyon mine. Building number 1, which will house the screen plant, gold room, and mechanical repair area is under construction. The Company's engineers are working on the final phases of the mill and screen plant design, and the hiring of staff to operate the mine is underway. Nevada Rae expects the mine will be up and running in the fourth quarter of this year.

Fernley Gold is pleased to announce it has retained Aquaeter (Formerly Chemrox Technologies), an environmental and permitting specialist firm, to help obtain a testing permit for the Lower Olinghouse Placers. Fernley Gold estimates 445,000 ounces of gold resources in proven, probable and inferred reserves. The Plan of Operations for testing is expected to be submitted within the next two weeks. The objective is to undertake a sampling program that can provide valuable information to Fernley Gold in conjunction with submission of its full Plan of Operations for mining in 2006.

Pilot Mountain Resources is currently updating its feasibility study and determining an effective plan of action for Project W, as the Company readies itself to enter the booming tungsten market. In addition to the tungsten ore resource, the Company is testing and researching other profitable minerals that may exist within the deposit.

"This is a busy and very exciting time for the Company and its shareholders," said Rob Landau, CEO, Pacific Gold Corp. "The many recent developments within the Company illustrate management's leadership and commitment to success within the mining industry."

To find out more about Pacific Gold Corp. (OTCBB: PCFG), please visit our website at 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. 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.

SOURCE Pacific Gold Corp.

To find out more about Pacific Gold Corp. (OTCBB: PCFG), please visit our website at or contact the Company at 416-214-1483.

Copyright (C) 2005 PR Newswire. All rights reserved.