Pacific Gold Corp. - Black Rock Canyon Mine Production & Plant Operations
TORONTO, ONTARIO -- (Marketwire) -- 07/10/12 -- Pacific Gold Corp. (OTCQB: PCFG) (PINKSHEETS: PCFG) -
The Company's subsidiary Nevada Rae Gold, Inc. announces production progress at the Black Rock Canyon Mine in the 2nd quarter.
Nevada Rae Gold spent two months of the quarter working on modifications to the plant, as laid out by our engineering consultants, hiring a new mine manager and preparing for operations.
The Company is pleased to report that the modifications were finished in June. The modifications included, rebuilding of current slurry pumps, a new sump tank for the trommel, installation of baffle tanks for settling of water and a new hydro cyclone configuration.
Once the modifications were complete, the plant was able to run successfully in the second half of June. The plant processed over 7,000 yards in 12 operating days and was able to steadily increase the throughput each day up to nearly 1,000 yards per day in about 7 hours of operation per day. The plant was able to operate well with the increased feed rate. The Mining crew has begun hauling new ore for processing.
"We feel great strides were made over this past quarter positioning us to increase production going forward," said Mitchell Geisler, Chief Operating Officer. "Our team is working hard to ensure production moves forward and allows us to meet our goals."
To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company's website at www.pacificgoldcorp.com.
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., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which 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 2012 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
