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6/6/2006 3:28:59 PM ET
Pacific Gold Corporate Update
TORONTO, June 6, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Pacific Gold Corp., (OTCBB: PCFG) announced today that the Black Rock Canyon mine has completed the primary testing phase of the Company's screening plant. Gold recovered from the testing process has been shipped, via armored vehicle, to the Company's smelter facility in Salt Lake City, Utah. The focus of operations at Black Rock Canyon over the past two months has been testing and fine-tuning the screening plant to optimize plant performance and efficiency. To-date, various changes and modifications have been made, and continue to be made, to the facility in order to reach production goals.
The Company has made a decision to replace its fleet of CAT D400 haul trucks with units that will offer increased reliability, cost efficiency and increased production. As soon as the haul trucks are ready the Company plans to start production at Black Rock Canyon.
Fernley Gold - the Company has begun executing its Plan of Operations allowing for grade and gravel testing of the Olinghouse claims. The testing program commenced in late May and will take approximately six weeks to complete. Once the program has been completed, management will decide upon a course of action that may ultimately lead to the submission of an operating Plan of Operations for the project.
Pilot Mountain Resources - in May, Pilot Mountain acquired a database of information pertaining to Project W. The database includes various reports, testing results, and maps that identify specific locations of the resource within the property. The testing of the property was performed by Union Carbide. The new information should assist in updating of the feasibility study for Project W.
To find 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.
SOURCE Pacific Gold Corp.
To find 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. http://www.prnewswire.com