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7/17/2008 11:36:42 AM ET
PCFG - Production Plant Modifications
TORONTO, July 17 /PRNewswire-FirstCall/ - Pacific Gold Corp. (OTCBB: PCFG) announced today that its subsidiary, Nevada Rae Gold has begun the process for the previously announced plant modifications at the Black Rock Canyon Mine.
Nevada Rae Gold has submitted a formal request to the Nevada Department of Environmental Protection (NDEP) for approval of proposed modifications to the screening plant. Prior to undertaking any process design and equipment changes, the Company is required to submit its proposal to the NDEP for approval.
Once the permit changes have been approved, Nevada Rae Gold can begin preparations for the modified process design and equipment additions in order for the mine to begin production. The proposed modifications should allow the plant to run more efficiently, solve the various desanding issues, and reduce operating costs.
Nevada Rae Gold currently has over 1700 acres of land covered by claims and leases in between the famous Cortez and Battle Mountain Trends. This northern area of Nevada is responsible for over 80% of all Gold Production in the U.S. The Company project contains up to 500,000 ounces of gold within the claims and leases.
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 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 or opportunities in the remainder of 2008 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
SOURCE Pacific Gold Corp.
For further information: 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.