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Pacific Gold Corp. (OTCBB: PCFG | Quote | Chart | News | PowerRating) announced today that its subsidiary, Nevada Rae Gold has begun and completed the first phase of the plant modifications that were previously approved by the local governing agency, the Nevada Department of Environmental Protection (NDEP) for the Black Rock Canyon Mine.
The trommel, conveyors, centrifugal bowls and new plumbing have all been reconfigured to meet the new demands for production. Additionally, the stacking hydrocyclone is being added to the system. The next stage will require some minor electrical work, followed by a scheduled test of the Geotextile tubes.
Nevada Rae Gold anticipates gold production in Q1 of 2009, beginning with the testing of the new changes to the plant and desanding system. In its first full year of production, the mine is expected to produce approximately 6,500 oz of gold, increasing each year thereafter.
Contact: Dan Schustack, CEOcast, Inc. for Pacific Gold at (212) 732-4300
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
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 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 2008 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
SOURCE Pacific Gold Corp.
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