CEO of Pershing Gold Corporation (NASDAQ: $PGLC) (TSX: $PGLC) Talks about Preliminary Feasibility Study (PFS) on Relief Canyon Mine and Mining in Nevada
Point Roberts, WA and Delta, BC - June 13, 2017 (Investorideas.com Newswire) Investorideas.com, a global news source covering leading sectors including mining stocks releases an exclusive podcast interview with Stephen Alfers, Executive Chairman, President and CEO of Pershing Gold Corporation (NASDAQ:PGLC) (TSX:PGLC) (FWB:7PG1),an emerging Nevada gold producer.
Pershing Gold Corporation's recent Preliminary Feasibility Study (PFS) on the company's Relief Canyon Mine indicates strong opportunities for growth.
Relief Canyon Mine is Pershing Gold's primary asset in the 25,000 acres of the company's landholdings in Pershing County, Nevada. Stephen Alfers, Pershing Gold's Executive Chairman, President and CEO said that the PFS findings are very encouraging to advance the project toward production.
Hear the Podcast Interview with Stephen Alfers, Executive Chairman, President and CEO:
CEO of Pershing Gold Corporation Talks about Preliminary Feasibility Study (PFS) on Relief Canyon Mine and Mining in Nevada
"Our main mission is to push Relief Canyon to positive cash flow in the near term and to continue to explore and look for either satellite mine opportunities or new discoveries in our 40 square mile land position."
Alfers said that the strong Measured and Indicated (M+I) resources on the property indicate the potential for reserve growth. Alfers also said that with all permits in place to start mining at Relief Canyon, the company is already looking to continue its path towards production.
"The fact that we have a nice healthy M+I resource that backs up the reserve indicates there's some low-hanging fruit for significant growth as we continue to convert resources to reserves," he said. "Relief Canyon has received all the permits we need to start this mine. We're planning to submit permits for still another major expansion of the project, and we'll do that fairly soon."
The PFS highlights the benefits of contract mining as opposed to self mining. Alfers affirmed the decision to utilize contract mining for the initial restart of the mine.
"We needed to make a decision about whether we would procure mining equipment ourselves and operate the mine as a self-mining scenario, or whether we would pursue a contract mining situation that essentially outsources a limited amount of the mining work but mainly to the procurement of the equipment," he said. "What we've been able to do is, because of a very attractive contract mining situation today in Nevada, we've been leaning towards contract mining."
Alfers said Nevada's established mining history facilitated an easy business environment.
"Nevada has been one of the most attractive locations for the gold mining industry there is," he said. "One can operate in Nevada 24/7, 12 months a year...by and large it's an ideal place to work."
About Pershing Gold Corporation www.PershingGold.com
Pershing Gold is an emerging gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. Relief Canyon includes three historic open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.
Pershing Gold's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.
Pershing Gold is listed on the NASDAQ Global Market and the Toronto Stock Exchange under the symbol PGLC and on the Frankfurt Stock Exchange under the symbol 7PG1.
Pershing Gold Corporation (NASDAQ:PGLC) (TSX: PGLC) is a featured mining company on Investorideas.com: Visit company profile http://www.investorideas.com/CO/PGLC/
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Disclosure: Pershing Gold Corporation (NASDAQ: PGLC) (TSX: PGLC) is a paid PR, media and news client effective June 2 2017 for 2 months
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