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Pacific Gold Corp. - NDEP Operating Approval
TORONTO, July 8, 2011 - Pacific Gold Corp. (Pink Sheets: PCFG)
The Company announced today that its subsidiary Nevada Rae Gold, Inc. ("NRG") has received operating approval for the Black Rock Canyon Mine from the NDEP.
The NDEP has approved NRG to operate the mine with the use of two Geotextile tubes.
NRG is currently drafting an EDC submittal to present to the NDEP for permission to build a field adjacent to the site settling ponds for a further eight to ten Geotextile tubes.
The NDEP has also approved the installation of the Hy-G bowl recently purchased by NRG.
NRG plans to complete final site preparation, including the Hy-G bowl installation, within the next few days and then begin processing gravels for gold recovery.
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 2011 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.