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6/1/2007 11:30:31 AM ET
PCFG Plant Commissioning Update
TORONTO, June 1, 2007 – Pacific Gold Corp. (OTCBB: PCFG) announced today that the commissioning process of the dewatering unit, trommel screen and KC-XD30 Knelson bowl at the Black Rock Canyon Mine is continuing and that the screening plant has been restored to operations.
The installation was completed on April 26, and was followed over the past few weeks by testing using stockpiled gravels and modifications to the new equipment as necessary.
The trommel screen and KC-XD30 Knelson bowl, in addition to the KC-XD48 and JCI screen already in the circuit, has resulted in an improvement in gold recoveries. These new additions to the recovery circuit are functioning appropriately and there is noticeable improvement in the quality of washed gravels.
The dewatering unit, which removes excess water from the washed gravels, was acquired from Knelson Gravity Solutions. The unit underwent several modifications after installation, in order to meet the required flow rate of the screening plant. After two on-site visits by Knelson and Sizetec management, the unit is now functioning. A component of the Knelson-Sizetec Dewatering Screen (which is the main component of the dewatering system) may require additional modifications in the future.
The Black Rock Canyon Mine has re-commenced operations. The screen plant is now processing new materials to determine plant efficiency and gold grade. As previously announced, the Company identified a “mudflow” section of gravels, mined at depth below the zones that are currently recognized. The processing and analysis of this mudflow section is expected to be completed prior to the end of June.
To find out more about Pacific Gold Corp. (OTCBB: PCFG), visit our website at www.pacificgoldcorp.com. Or contact the Company 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 five 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; and Pacific Metals Corp. (“Pacific Metals”) owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
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 2007 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.