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3/31/2006 5:51:36 PM ET
PCFG Updates Mill Testing and Modifications
Pacific Gold Corp., (OTCBB: PCFG) announced March 31, 2006 that the testing of the Mill for the Black Rock Canyon Mine is progressing well.
Testing of the screening plant at the Black Rock Canyon Mine in Crescent Valley has been ongoing. As a result of the testing period it has been determined that some alterations to the plant were necessary. The Company has decided to add some additional components to the dewatering system, which have now been assembled. The Company also upgraded the motors on two conveyors that will help speed up the rate of feed to the plant.
The Nevada Department of Environmental Protection (NDEP) had requested that some changes be made to the water processing system and pond circulation. Almost all of the required modifications have been completed.
Additionally, the Lander County Building Inspection Department has requested some additional information from the Company and some upgrades and improvements to the building be performed. The required improvements have already begun and the work is expected to take about 2 weeks to complete.
"The progression of steps to ensure sound mining conditions and operations within the plant is proceeding,” stated Rob Landau, CEO. “While we would have liked to be in full production in the first quarter we feel that it is necessary to ensure the plant will be running well for long term production during the projected life of the mine."
For more information about Pacific Gold Corp. (OTCBB: PCFG), visit the Company’s website at www.pacificgoldcorp.com. Or contact Ashleigh Meyer, Investor Relations, directly at 416-214-1483.
About the Company
The Company's business plan provides for 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") acquired 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 2006 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.