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7/28/2006 12:49:14 PM ET
PCFG - Black Rock Canyon Building and Production Update
TORONTO, July 28, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Pacific Gold Corp., (OTCBB: PCFG) announced today that it has purchased a second building for the Black Rock Canyon Mine.
The Company is hoping to have Building # 2 built and ready for use in the fall. The Building, which will be approximately 1,600 sq ft, will be specifically designated and designed as a mechanic workstation for repairs and maintenance. The building should be suitable for servicing the Komatsu 785-3 trucks which were recently purchased by the Company for use at the Black Rock Canyon Mine.
The Company would also like to announce the hiring of Mr. Charles Geary as the new Vice-President of Operations, Nevada Rae Gold. Mr. Geary has over 30 years of experience running and managing open pit mines. Mr. Geary has extensive knowledge and experience working within Nevada and will now be in charge of the daily operations at the Black Rock Canyon Mine.
Additionally the Company previously announced the Black Rock Canyon mine has begun production. The mine is currently operating at approximately 35% of production goals and production levels are expected to increase as the new Komatsu trucks arrive.
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.
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