Pershing Resources Company Completes Extraction Testing Program
The Company Confirms Commercial Recovery Rates in Lab Scale Testing on Ore From the Marco Project and Begins Work on a Pilot Mill
RENO, NV -- (Marketwired) -- 04/13/15 -- Pershing Resources Company (OTC PINK: PSGR) announced that it has completed an extraction and recovery testing program on ore from its Marco Project Claims in Northern Nevada. The extraction and recovery testing program was conducted by Simple Recovery Inc. and Copper State Analytical Laboratories in Prescott, Arizona. Lab testing yielded an average recovery rate of 0.416 ounces, (11.79 grams), of precious metals per ton of leached and heat processed ore. CSAL ran a number of tests on each sample to confirm recovery rates using different methods. The work took several months and was done to establish the most effective extraction process to incorporate into a mill circuit. Data regarding head ore assay values and extraction test results will be posted in coming weeks on the Company's website.
Steve Plumb, Pershing Resources' CEO, stated, "The results from the lab further validate our head ore assays and we can now say that the Marco Project has strong potential as a commercial mining operation. The work performed for the Company by Simple Recovery and CSAL has yielded several processes to work with. We now have a preliminary production flow sheet and we have begun to acquire and assemble equipment for a pilot mill, on which, we will work to refine our costs and scale our production process.
Mr. Plumb added, "We have now completed of Stage 1 of our initiative to get the Marco Project into production. It is important to note that the pace of our progress has been steady and based on solid data. We remain confident in our course and, focused on our efforts as we move on to Stage 2."
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About Pershing Resources Company
Pershing Resources Company is a development stage exploration and mining company, focused on precious metal ores and mining projects located in Nevada. Based in Reno, Nevada, the Company's overall strategy is built around two basic components. The first component involves the acquisition of US domestic properties near mines with historical precious metals production. The second component is the development of projects with high tonnage and commercially viable grades of precious metals with proximity to historical occurrences. This two tier strategy supports the company's short and long term goals of profitability and growing shareholder value through expansion.
Supplemental to our overall strategy and to achieve our goals, the Company is focused on five key attributes. Those being, quality growth, low cash costs, cost management, establishing and maintaining a strong balance sheet, and conducting business in a responsible manner.
The Company's current assets are comprised of 55 mining claims on a site totaling 1100 acres near Lovelock, Nevada. These claims are well documented and have been explored and assayed extensively. The Company is presently in the planning and pre-production stage on this property. Pershing Resources is committed to responsible mining practices and, is well positioned to deliver sustained growth and performance for years to come.
Safe Harbor Statement
The information contained in this press release as well as the information on the discussed website is provided solely for the reader's general knowledge. The information contained herein is not intended to be a comprehensive review of all matters pertaining to Pershing Resources Company.
Potential investors should be aware that certain statements included herein constitute " forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results , performance and/or achievements of Pershing Resources Company or of the gold mining industry to be materially different from future results, performance and/or achievements expressed or implied by those forward looking statements. These risks, uncertainties and other factors include, but are not limited to, changes in the worldwide price of gold or certain other commodities and currencies and the risks involved in the exploration, development and the mining business in general.
Source: Pershing Resources Company, Inc.
Released April 13, 2015