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Pacific Gold Corp. Black Rock Canyon Mine Nears Completion on Mill Modifications
TORONTO, February 16, 2010 - Pacific Gold Corp. (Pink Sheets: PCFG) announced today that the Black Rock Canyon mine is nearing completion of the modifications to its mill.
Nevada Rae Gold has been upgrading the mill to ensure a better efficiency and production rate once operations commence. Currently the Company is working on reconnecting the electrical power to all plant machinery. Having completed the majority of general repairs and upgrades to the plant, this is one of the final steps before production can commence.
Preparations are being made to run a batch of material to test the new system once the electrical is complete. At that time, we will implement the geo-textile tubes for testing as well to ensure we have resolved any issues regarding sedimentary build up within our pond and water flow system.
The advances of the plant are the key to restarting the mine for anticipated production this year, and will aid the company in its search to secure a funding source which is needed by the company.
To find out more about Pacific Gold Corp. (Pink Sheets: PCFG), visit the Company's website at www.pacificgoldcorp.com. Or contact the Company directly at 416-214-1483.
About the Company
Pacific Gold Corp.'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 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; 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 2009 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Pacific Gold Corp.