Thugmuffin
2 years ago
$PSGR Pershing Resources Receives Updated Technical Report on Its New Enterprise ProjectPress Release | 05/23/2022
Technical Report Summary Recommends Continued Exploration for the Discovery of a Copper Porphyry-related Mineral Resource within the New Enterprise Project
RENO, NV / ACCESSWIRE / May 23, 2022 / Pershing Resources Company, Inc. ("Pershing" or the "Company") (OTC PINK:PSGR), today announced that it has received a SK-1300 Technical Report Summary (the "Report") for its 100% owned New Enterprise Project located in the Maynard Mining District near Kingman, Arizona. The Report summarizes and integrates previously completed exploration work by Pershing and other exploration companies within the New Enterprise Project area. Based on this information, the Report recommends a three Phase exploration program to test the proposed conceptual exploration model and the potential for a copper porphyry-related mineral resource discovery for the New Enterprise Project. This new exploration model does not appear to have been considered by previous exploration companies in or around the Project area, nor have the four primary targets identified with this model appear to have been previously drill tested.
The New Enterprise Project is situated between the historical producing Mineral Park Mine* twenty miles to the northwest and the currently producing Bagdad Mine** forty-five miles to the southeast, both of which are within the copper producing Laramide arc. Comparable geology, structural control, alteration, and mineralization described at both of these mines has been identified within the New Enterprise Project area. However, the Report indicates that a competent and non-reactive "lithocap" present within the New Enterprise Project area may have created geothermal alteration patterns and mineralization distributions atypical of the "classic" porphyry exploration model. The Report further indicates that variations caused by the presence of a "lithocap" may have concealed the mineral resource potential of the New Enterprise Project area.
The Report found that all significant porphyry-related mineralization within the New Enterprise Project area appears to occur within a newly defined "structural corridor" transecting the middle of the New Enterprise Project area that is approximately four miles long and 0.4 miles wide. The Report states that in the north of the New Enterprise Project area, sub-vertical structures cutting through the "lithocap" appear to have concentrated argillic and phyllic alteration along with porphyry-related copper, gold, and silver mineralization. Whereas in the south, extensive argillic and phyllic alteration appears to be extending significantly outward from the "structural corridor" within Laramide-age intrusive rocks below the "lithocap" with structurally controlled porphyry related copper, gold, silver, and molybdenum mineralization. Inward and downward zonation of alteration and mineralization observable in exposed bedrock and increasing copper and gold values with depth, as reported in historic mining operations, has yet to be drill tested. The four significant mineral occurrences within the project area are considered to represent structurally and "lithocap" controlled upwellings of porphyry related copper, gold, silver, and molybdenum mineralization that may be associated with a significantly larger zone of mineralization at depth.
Additional work is necessary to further understand the scope of the newly developed conceptual exploration model as discussed in the Report. A three-phase exploration program is outlined to better constrain the conceptual exploration model and to determine the potential grade and tonnage of the structurally controlled mineralization. Pershing will need to secure sufficient funding to complete the recommended work as outlined in the Report.
* Mineral Park Mine was in production continuously from 1965 to 2014, ending in 2014 owing to the owner at that time, Mercator Mineral Park Holdings filing for bankruptcy. The current owner is Origin Mining Company. A National Instrument 43-101 Technical Report issued June 1, 2013, reported a remaining proven and probable mineral reserve estimate of 876,000 pounds of copper in 368,900 tonnes with a copper grade of 0.12 percent. Also included in that report is a Measured and Indicated mineral resource of 1,575,565,000 pounds of copper in 752,245,000 tonnes with an average grade of 0.105 percent copper.
**Bagdad Mine is owned by Freeport-McMoRan Inc. and is currently in production. After a mining history of more than 135 years, within and around the Bagdad Mine, as of December 31, 2021, a reported total sulphide resource includes 2,169,000,000 tonnes of rock with 11,300,000,000 pounds of copper at a grade of 0.24%, 850,000,000 pounds of molybdenum at a grade of 0.02%, 200,000 ounces of gold (no grade reported), and 69,300,000 ounces silver at a grade of 0.99 grams per tonne (https://miningdataonline.com/property/85/Bagdad-Mine.aspx).
Edward C. Walker, Ph.D., P.Geo., author of the Report, is an independent consultant to the Company, and a "qualified person" as defined under the rules and regulations of the United States Securities and Exchange Commission. Dr. Walker participated in the acquisition and interpretation of Pershing's exploration work. As discussed in the Report, all quality assurance, quality control, and sample security work met expectations for their intended purposes. The technical content of this press release has been reviewed and/or prepared by Dr. Walker.
For more information and an electronic copy of the Report, please visit Pershing Resources website at: Current Technical Report :: Pershing Resources Company, Inc. (PSGR) (pershingpm.com)
To receive information on Pershing Resources, sign up for email news alerts at: http://ir.pershingpm.com/
About Pershing Resources Company
Pershing Resources Company, Inc. is a precious and base metals exploration and development company with projects located exclusively in North America. The Company is based in Reno, Nevada and is currently focused on the development of its 100% owned New Enterprise Project. The New Enterprise Project is located near Kingman, Arizona and lies within a regional porphyry copper trend known as the Laramide Arc from which Arizona produces 65% of the copper mined in the US annually. The New Enterprise lies on the north-western end of the Laramide Arc and is situated twenty miles southeast of the Mineral Park Mine and forty-five miles northwest of the Baghdad Mine, both of which are porphyry Cu-Mo mines. The Company's other assets are comprised of exploration properties located in Arizona and Nevada. The Company is committed to environmentally responsible mining practices.
Forward-Looking Statements
The information contained in this press release, as well as the information on the Company's website, is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein, and, on the Company's, website constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "plan," "possibility," "potential," "predict," "project," "should,'' "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, and/or achievements of the Company or of the mining industry, in general, to be materially different from future results, performance, and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver, copper, and other precious and base metals commodity prices, uncertainties relating to interpretation of drill results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, uncertainty of meeting anticipated program milestones for the Company's mineral projects, the risks associated with the pandemic caused by the novel coronavirus known as COVID-19 and its variants such as Delta and Omicron, the risks associated with the recent invasion of Ukraine by Russia and other risks and uncertainties affecting the Company's business operations and financial condition.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise, or correct any of the forward-looking statements, whether because of new information, future events, or otherwise.
CONTACT:
Pershing Resources Company, Inc.
200 South Virginia Street, 8th Floor
Reno, NV 89501
Phone: 775-398-3124
Email: j.adams@pershingpm.com
SOURCE: Pershing Resources Company, Inc.
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https://www.accesswire.com/702238/Pershing-Resources-Receives-Updated-Technical-Report-on-Its-New-Enterprise-Project
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Thugmuffin
2 years ago
$PSGR Pershing Resources Appoints Neil D. Novak, (P. Geo.) as Director of ExplorationPress Release | 04/25/2022
RENO, NV / ACCESSWIRE / April 25, 2022 / Pershing Resources Company Inc., (the "Company" or "Pershing Resources") (OTC PINK:PSGR), today announced that Neil D. Novak, P Geo. has been named "Director of Exploration" for the Company. Mr. Novak initially joined the Company' as an Advisor in 2016 and was invited to join the Board in March of 2018 as an Independent Director. Mr. Novak will now serve as an Officer of the Company and will continue to serve on the Company's Board of Directors, but not as an independent director.
As Director of Exploration, Mr. Novak will oversee and co-manage exploration for the Company's current portfolio of exploration projects in Arizona and Nevada. In the Director of Exploration role, Mr. Novak will be responsible for the design and advancement of exploration programs and will advise the Company on any new acquisitions. Mr. Novak will report to the Board of Directors and will be working closely with Ed Walker Ph.D., P.Geo., the Company's independent geological consultant along with the rest of Pershing's Technical Team as Pershing advances their 100% owned New Enterprise Project near Kingman, Arizona.
Mr. Novak is a senior executive and experienced Professional Geologist, with over four decades of international experience in the junior resource sector having worked on projects in North and South America, Europe, Africa and Asia. He has provided exploration management expertise in the role of senior officer for numerous junior resource companies, mostly in Canada. Mr. Novak is a professional geologist and is also President and Chief Executive Officer and Director of BWR Exploration Inc., (TSX.V: BWR), a Toronto based mineral exploration company with three projects in Canada. BWR's main exploration focus is a gold project in northeast Manitoba, along with two other base metal projects in Ontario and Quebec.
Prior to BWR Exploration Inc., Mr. Novak served as President and CEO of Spider Resources Inc. (2005-2010) until Spider was taken over in August 2010 for an all-cash offer of $125 million to the shareholders by a division of Cleveland Cliffs, (CLF), Spider was then privatized in 2011. Prior to the takeover by Cliffs, Mr. Novak was acknowledged by the global mining community for his key role (along with four others) in the discovery of the Ring of Fire exploration project in Northern Ontario, receiving the prestigious Bill Dennis "Prospector of the Year" Award by the Prospector & Developers Association of Canada, (PDAC), in 2010. After working with Cliffs for 6 months, Mr. Novak, through a private company, selected and acquired one of the Spider exploration projects from Cliffs, and then proceeded to acquire several other projects in Canada. Next, he successfully completed BWR's Initial Public Offering in April 2014.
Mr. Novak is also a Director of Cadillac Ventures Inc., (CDC). Mr. Novak has been a director for several other junior resource companies during his career, and he continues to help transition private companies into public companies. He is also President of a family-owned consulting business, Nominex Ltd. Mr. Novak is a Professional Geoscientist (P.Geo.) registered with the Professional Geoscientists of Ontario ("PGO") and is a Fellow of the Geological Association of Canada (F.G.A.C.).
Mr. Novak's profile can be viewed on Pershing Resources Company's corporate website at Management Team :: Pershing Resources Company, Inc. (PSGR) (pershingpm.com)
To receive information on Pershing Resources, sign up for email news alerts at: http://ir.pershingpm.com/
About Pershing Resources Company
Pershing Resources Company Inc. is a precious and base metals exploration and development company with projects located exclusively in North America. The Company is based in Reno, Nevada and is currently focused on the development of its 100% owned New Enterprise Project. The New Enterprise Project is located near Kingman, Arizona and lies within a regional porphyry copper trend known as the Laramide Arc from which Arizona produces 65% of the copper mined in the US annually. The New Enterprise lies on the north-western end of the Laramide Arc and is situated twenty miles southeast of the Mineral Park Mine and forty-five miles northwest of the Baghdad Mine, both of which are porphyry Cu-Mo mines. The Company's other assets are comprised of exploration properties located in Arizona and Nevada. Pershing Resources is committed to environmentally responsible mining practices.
Forward-Looking Statements
The information contained in this press release, as well as the information on the Company's website, is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein, and, on the Company's, website constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "plan," "possibility," "potential," "predict," "project," "should,'' "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, and/or achievements of the Company or of the mining industry, in general, to be materially different from future results, performance, and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver, copper, and other precious and base metals commodity prices, uncertainties relating to interpretation of drill results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, uncertainty of meeting anticipated program milestones for the Company's mineral projects and the risks associated with the pandemic caused by the novel coronavirus known as COVID-19.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise, or correct any of the forward-looking statements, whether because of new information, future events, or otherwise.
CONTACT:
Pershing Resources Company, Inc.
200 South Virginia Street, 8th Floor
Reno, NV 89501
Phone: 775-398-3124
Email: j.adams@pershingpm.com
AskMuncher
3 years ago
$PSGR Pershing Resources Renews its Arizona and Nevada Project Portfolio of Mining Claims
Press Release | 09/07/2021
The Company Pays Bureau of Land Management Maintenance Fees for Five Porphyry Copper Exploration Projects in Arizona and for Three Gold/Silver Projects in Nevada
RENO, NV / ACCESSWIRE / September 7, 2021 / Pershing Resources Company, Inc., ("Pershing" or the "Company") (OTC PINK:PSGR), announced today that, as of September 1st, 2021, it has paid the Bureau of Land Management, (BLM), annual maintenance fees to secure the mineral rights of the mining claims through September 1st 2022, for the New Enterprise and four other projects in Arizona, as well as the Company's Klondyke, Divide, and West Bolo Projects in Nevada. The Company's Arizona projects include porphyry copper mineral resource potential. The Company's Nevada projects include gold/silver mineral resource potential.
The technical content of this press release has been reviewed and/or prepared by Edward C. Walker, Ph.D., P.Geo., an independent consultant and "Qualified Person" as defined by National Instrument 43-101.
About Pershing Resources Company Inc.
Pershing Resources Company Inc. is a precious and base metals exploration company with a growing portfolio of exploration projects in Arizona and Nevada. The Company is based in Reno, Nevada and, is currently focused on the exploration and development of its 100% owned New Enterprise and Mohave-Standard properties, collectively referred to as the New Enterprise Project. The New Enterprise Project is located between the Mineral Park Porphyry Cu-Mo mine (approximately 20 miles to the northwest) and the Baghdad Cu-Mo mine (approximately 45 miles to the southeast). The Company's other assets are comprised of mining properties in various early stages of development located in Arizona and Nevada. Pershing Resources is committed to responsible exploration and mining practices.
Sign up for email news alerts on the Company, at:http://ir.pershingpm.com/.
Forward-Looking Statements
The information contained in this press release, as well as the information on the Company's website, is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein and on the Company's website constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "plan," "possibility," "potential," "predict," "project," "should,'' "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, and/or achievements of the Company or of the mining industry, in general, to be materially different from future results, performance, and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver, copper, and other precious and base metals commodity prices, uncertainties relating to interpretation of drill results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, uncertainty of meeting anticipated program milestones for the Company's mineral projects and the risks associated with the pandemic caused by the coronavirus known as COVID-19.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise, or correct any of the forward-looking statements, whether because of new information, future events, or otherwise.
CONTACT:
Pershing Resources Company, Inc.
200 South Virginia Street, 8th Floor
Reno, NV 89501
Phone: 775-398-3124
Email:j.adams@pershingpm.com
Pershing Resources Company, Inc. (PSGR) (pershingpm.com)
AskMuncher
3 years ago
$PSGR Pershing Resources Acquires Three New Arizona Properties With Porphyry Copper Potential
Press Release | 01/29/2021
The Company Signs Three Agreements to Broaden its Arizona Porphyry Copper Exploration Opportunities
RENO, NV / ACCESSWIRE / January 29, 2021 / Pershing Resources Company, Inc., (OTC PINK:PSGR), a precious and base metals exploration company, today announced the acquisition of three new properties in northwestern Arizona, south of its 100% owned New Enterprise Project. Each of the three new properties provide expansion room for Pershing's exploration efforts based on knowledge acquired from the New Enterprise property over the past few years. These new properties increase Pershing's potential for the exploration of additional porphyry copper and associated mineralization.
Pershing has been working with, and negotiating, each of the agreements with an arm's length party that has over thirty years porphyry copper related mineral exploration and mining experience, including within Mohave County where the new properties are located. Each of the three agreements have a term of 20 years and include a lease purchase option for a one-time payment of 500,000 restricted shares of the Company's common stock and, a four percent (4%) net smelter return (NSR) royalty on any production achieved during the life of the project. Pershing has the right, but not the obligation, to buy back one percent (1%) of the NSR within the first five years of the agreement at a purchase price of one million dollars ($1,000,000) and additional one percent (1%) of the NSR at a purchase price of two million dollars ($2,000,000) within the first 10 years of the agreement thereby potentially reducing the four percent (4%) NSR to two percent (2%). Each agreement also includes an area of interest surrounding the initial agreed upon property outline to limit potential conflicts with Pershing's other ongoing nearby exploration work.
The Company is currently compiling exploration work previously completed by others on these new acquisitions and is contemplating exploration over the next few exploration seasons. Such exploration activities may include a high-resolution hyperspectral image of the area, a mineral mapping survey as well as a heliborne magnetic survey once funds are available to complete this type of early exploration work. Initial exploration work will include geological and structural mapping and sampling to further characterize the mineralization potential of the new projects, very similar to what was completed on the nearby New Enterprise project. Further details regarding each of the properties will be released once they are available for public disclosure.
The technical content of this press release has been reviewed and/or prepared by Edward C. Walker, Ph.D., P.Geo., an independent consultant as defined by National Instrument 43-101.
Forward-Looking Statements
The information contained in this press release, as well as the information on the Company's website, is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein and on the Company's website constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "plan," "possibility," "potential," "predict," "project," "should,'' "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, and/or achievements of the Company or of the mining industry, in general, to be materially different from future results, performance, and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver, copper, and other precious and base metals commodity prices, uncertainties relating to interpretation of drill results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, uncertainty of meeting anticipated program milestones for the Company's mineral projects and the risks associated with the pandemic caused by the novel coronavirus known as COVID-19.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise, or correct any of the forward-looking statements, whether because of new information, future events, or otherwise.
CONTACT:
Pershing Resources Company, Inc.
200 South Virginia Street, 8th Floor
Reno, NV 89501
Phone: 775-398-3124
Email: j.adams@pershingpm.com
SOURCE: Pershing Resources Company, Inc.
subslover
3 years ago
Pershing Resources Acquires Three New Arizona Properties With Porphyry Copper Potential
Press Release | 01/29/2021
The Company Signs Three Agreements to Broaden its Arizona Porphyry Copper Exploration Opportunities
RENO, NV / ACCESSWIRE / January 29, 2021 / Pershing Resources Company, Inc., (OTC PINK:PSGR), a precious and base metals exploration company, today announced the acquisition of three new properties in northwestern Arizona, south of its 100% owned New Enterprise Project. Each of the three new properties provide expansion room for Pershing's exploration efforts based on knowledge acquired from the New Enterprise property over the past few years. These new properties increase Pershing's potential for the exploration of additional porphyry copper and associated mineralization.
Pershing has been working with, and negotiating, each of the agreements with an arm's length party that has over thirty years porphyry copper related mineral exploration and mining experience, including within Mohave County where the new properties are located. Each of the three agreements have a term of 20 years and include a lease purchase option for a one-time payment of 500,000 restricted shares of the Company's common stock and, a four percent (4%) net smelter return (NSR) royalty on any production achieved during the life of the project. Pershing has the right, but not the obligation, to buy back one percent (1%) of the NSR within the first five years of the agreement at a purchase price of one million dollars ($1,000,000) and additional one percent (1%) of the NSR at a purchase price of two million dollars ($2,000,000) within the first 10 years of the agreement thereby potentially reducing the four percent (4%) NSR to two percent (2%). Each agreement also includes an area of interest surrounding the initial agreed upon property outline to limit potential conflicts with Pershing's other ongoing nearby exploration work.
The Company is currently compiling exploration work previously completed by others on these new acquisitions and is contemplating exploration over the next few exploration seasons. Such exploration activities may include a high-resolution hyperspectral image of the area, a mineral mapping survey as well as a heliborne magnetic survey once funds are available to complete this type of early exploration work. Initial exploration work will include geological and structural mapping and sampling to further characterize the mineralization potential of the new projects, very similar to what was completed on the nearby New Enterprise project. Further details regarding each of the properties will be released once they are available for public disclosure.
The technical content of this press release has been reviewed and/or prepared by Edward C. Walker, Ph.D., P.Geo., an independent consultant as defined by National Instrument 43-101.
Forward-Looking Statements
The information contained in this press release, as well as the information on the Company's website, is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein and on the Company's website constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "plan," "possibility," "potential," "predict," "project," "should,'' "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, and/or achievements of the Company or of the mining industry, in general, to be materially different from future results, performance, and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver, copper, and other precious and base metals commodity prices, uncertainties relating to interpretation of drill results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, uncertainty of meeting anticipated program milestones for the Company's mineral projects and the risks associated with the pandemic caused by the novel coronavirus known as COVID-19.
AskMuncher
3 years ago
$PSGR Pershing Resources Receives Initial Review of Airborne Magnetic Survey Data for Its New Enterprise Porphyry Copper-Gold Project
Press Release | 12/17/2020
Initial Airborne Magnetic Data Appears to Corroborate Previously Suggested Structural Association with Known Porphyry Copper-Gold-Silver and Molybdenum Mineralization
RENO, NV / ACCESSWIRE / December 17, 2020 / Pershing Resources Company, Inc. (" Pershing Resources" or the "Company"), (OTC PINK:PSGR), today announced that the Company has received an initial review of the heliborne magnetic survey executed on its New Enterprise copper-gold project in November. The initial review of the magnetic data appears to corroborate that a set of subparallel, northerly trending magnetically rendered structures are directly associated with known porphyry-related copper, gold, silver, and molybdenum mineralization within the New Enterprise Project. The intersection points along the strike of these northerly trending structures with northeasterly trending magnetically rendered structures have also been identified as a key association and control to the distribution of the porphyry-related mineralization. A comparable structural association and control is also described at the past producing Mineral Park (20 miles to the northwest) and the currently producing Bagdad porphyry copper and molybdenum mines (45 miles to the southeast). The combination of these newly defined structures does not appear to have been considered in previous mineralization explorations of the area as a primary control to the porphyry-related copper, gold, and molybdenum mineralization within the New Enterprise Project.
With the supporting magnetic survey results, the initial estimated 1.2-mile-long northerly trending structures (originally referred to as "vein systems") can now be traced for approximately four miles within the New Enterprise project. These suggested porphyry-related mineralized structures also appear to separate into two the argillic and phyllic porphyry-related geothermal alteration system highlighted in recent hyperspectral satellite imagery data (see Pershing press release dated March 19, 2020, https://www.pershingpm.com/news-media/press-releases/detail/72/pershing-resources-acquires-the-century-claim-property-and) and historically mapped "pyrite-shell" (outlined by Vuich, 1974). This correlation may indicate that these structures may have manifested primary control to the porphyry-related geothermal alteration system.
Further processing and interpretation of the Heli-GT airborne magnetic data will be ongoing and completed by Scott Hogg & Associates Ltd. of Toronto, Canada, http://www.shageophysics.com/ in consultation with Pershing Resources' Technical Team.
The resultant interpretation(s) will be merged with a follow-up mapping and sampling program that will be used to further characterize and integrate the results. It is anticipated that this work will identify possible drill hole targets to test the porphyry-related copper, gold and molybdenum mineral resource potential of the New Enterprise project area.
In June 2018, the Company initially announced the presence of northerly trending "vein systems" associated with the past producing historic Enterprise Mine and nearby mineral occurrences within what was then referred to as the New Enterprise claim block. At that time, the Company also announced that based on the early results acquired from a two week mapping and sampling program, that these "vein systems" could potentially be part of a porphyry-related system (see press release dated June 20, 2018, https://www.pershingpm.com/news-media/press-releases/detail/62/pershing-resources-receives-updated-ni-43-101-technical). Follow-up staking of unpatented mining claims resulted in the expansion of the New Enterprise claim block to become contiguous with, and encompass, Pershing's Mohave Standard claim block located to the south of the Enterprise claim block. Combined, these two claim blocks now total approximately 8,250 acres and are referred to as the New Enterprise Project. The recent acquisitions of the historic past producing Century and Standard Mines (see Pershing press release dated March 19, 2020, https://www.pershingpm.com/news-media/press-releases/detail/72/pershing-resources-acquires-the-century-claim-property-and and December 2, 2020, respectively, https://www.pershingpm.com/news-media/press-releases/detail/77/pershing-resources-acquires-historic-standard-mine-for-its ), completes the coverage of the targeted vein system that is now four miles long, which appears to be corroborated by the preliminary review of the airborne magnetic survey data.
The technical content of this press release has been reviewed and/or prepared by Edward C. Walker, Ph.D., P.Geo., a qualified person and independent consultant.
About Pershing Resources
Pershing Resources is a precious and base metals exploration company with projects held exclusively in North America. The Company is based in Reno, Nevada, and is currently focused on the development of its 100% owned New Enterprise Project, https://www.pershingpm.com/projects/the-new-enterprise-project/the-enterprise-claim-group. The New Enterprise Project is located between the Mineral Park Porphyry Cu-Mo mine (20 miles to the northwest) and the Baghdad Cu-Mo mine (45 miles to the southeast). The Company's other assets are comprised of exploration projects in various stages of development located in Arizona and Nevada.
Forward-Looking Statements
The information contained in this press release, as well as the information on the Company's website, is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein and on the Company's website constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, words such as "anticipate," "appear" "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "plan," "possibility," "potential," "predict," "project," "should,'' "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, and/or achievements of the Company or of the mining industry, in general, to be materially different from future results, performance, and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver, copper, and other precious and base metals commodity prices, uncertainties relating to interpretation of, mapping, magnetic survey and drilling results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, uncertainty of meeting anticipated program milestones for the Company's mineral projects and the risks associated with the pandemic caused by the novel coronavirus known as COVID-19.
All forward-looking statements are expressly qualified in their entirety by this cautionary notice. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise, or correct any of the forward-looking statements, whether because of new information, future events, or otherwise.
Contact:
Pershing Resources Company, Inc.
200 South Virginia Street, 8th Floor
Reno, NV 89501
Phone: 775-398-3124
Email: j.adams@pershingpm.com
SOURCE: Pershing Resources Company, Inc.
View source version on accesswire.com:
https://www.accesswire.com/620963/Pershing-Resources-Receives-Initial-Review-of-Airborne-Magnetic-Survey-Data-for-Its-New-Enterprise-Porphyry-Copper-Gold-Project
bellvew
3 years ago
RENO, NV / ACCESSWIRE / December 17, 2020 / Pershing Resources Company, Inc. (" Pershing Resources" or the "Company"), (OTC PINK:PSGR), today announced that the Company has received an initial review of the heliborne magnetic survey executed on its New Enterprise copper-gold project in November. The initial review of the magnetic data appears to corroborate that a set of subparallel, northerly trending magnetically rendered structures are directly associated with known porphyry-related copper, gold, silver, and molybdenum mineralization within the New Enterprise Project. The intersection points along the strike of these northerly trending structures with northeasterly trending magnetically rendered structures have also been identified as a key association and control to the distribution of the porphyry-related mineralization. A comparable structural association and control is also described at the past producing Mineral Park (20 miles to the northwest) and the currently producing Bagdad porphyry copper and molybdenum mines (45 miles to the southeast). The combination of these newly defined structures does not appear to have been considered in previous mineralization explorations of the area as a primary control to the porphyry-related copper, gold, and molybdenum mineralization within the New Enterprise Project.
With the supporting magnetic survey results, the initial estimated 1.2-mile-long northerly trending structures (originally referred to as "vein systems") can now be traced for approximately four miles within the New Enterprise project. These suggested porphyry-related mineralized structures also appear to separate into two the argillic and phyllic porphyry-related geothermal alteration system highlighted in recent hyperspectral satellite imagery data (see Pershing press release dated March 19, 2020, https://www.pershingpm.com/news-media/press-releases/detail/72/pershing-resources-acquires-the-century-claim-property-and) and historically mapped "pyrite-shell" (outlined by Vuich, 1974). This correlation may indicate that these structures may have manifested primary control to the porphyry-related geothermal alteration system.
Further processing and interpretation of the Heli-GT airborne magnetic data will be ongoing and completed by Scott Hogg & Associates Ltd. of Toronto, Canada, http://www.shageophysics.com/ in consultation with Pershing Resources' Technical Team.
The resultant interpretation(s) will be merged with a follow-up mapping and sampling program that will be used to further characterize and integrate the results. It is anticipated that this work will identify possible drill hole targets to test the porphyry-related copper, gold and molybdenum mineral resource potential of the New Enterprise project area.
In June 2018, the Company initially announced the presence of northerly trending "vein systems" associated with the past producing historic Enterprise Mine and nearby mineral occurrences within what was then referred to as the New Enterprise claim block. At that time, the Company also announced that based on the early results acquired from a two week mapping and sampling program, that these "vein systems" could potentially be part of a porphyry-related system (see press release dated June 20, 2018, https://www.pershingpm.com/news-media/press-releases/detail/62/pershing-resources-receives-updated-ni-43-101-technical). Follow-up staking of unpatented mining claims resulted in the expansion of the New Enterprise claim block to become contiguous with, and encompass, Pershing's Mohave Standard claim block located to the south of the Enterprise claim block. Combined, these two claim blocks now total approximately 8,250 acres and are referred to as the New Enterprise Project. The recent acquisitions of the historic past producing Century and Standard Mines (see Pershing press release dated March 19, 2020, https://www.pershingpm.com/news-media/press-releases/detail/72/pershing-resources-acquires-the-century-claim-property-and and December 2, 2020, respectively, https://www.pershingpm.com/news-media/press-releases/detail/77/pershing-resources-acquires-historic-standard-mine-for-its ), completes the coverage of the targeted vein system that is now four miles long, which appears to be corroborated by the preliminary review of the airborne magnetic survey data.
The technical content of this press release has been reviewed and/or prepared by Edward C. Walker, Ph.D., P.Geo., a qualified person and independent consultant.
About Pershing Resources
Pershing Resources is a precious and base metals exploration company with projects held exclusively in North America. The Company is based in Reno, Nevada, and is currently focused on the development of its 100% owned New Enterprise Project, https://www.pershingpm.com/projects/the-new-enterprise-project/the-enterprise-claim-group. The New Enterprise Project is located between the Mineral Park Porphyry Cu-Mo mine (20 miles to the northwest) and the Baghdad Cu-Mo mine (45 miles to the southeast). The Company's other assets are comprised of exploration projects in various stages of development located in Arizona and Nevada.
Forward-Looking Statements
The information contained in this press release, as well as the information on the Company's website, is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein and on the Company's website constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, words such as "anticipate," "appear" "believe," "contemplate," "continue," "could," "estimate," "expect," "hope," "intend," "may," "might," "plan," "possibility," "potential," "predict," "project," "should,'' "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, and/or achievements of the Company or of the mining industry, in general, to be materially different from future results, performance, and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver, copper, and other precious and base metals commodity prices, uncertainties relating to interpretation of, mapping, magnetic survey and drilling results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, uncertainty of meeting anticipated program milestones for the Company's mineral projects and the risks associated with the pandemic caused by the novel coronavirus known as COVID-19.
Until2020, formerly Until2017
6 years ago
$PSGR CEO Don McDowell, America's_Gold has info_we_don't have
Don McDowell, CEO of America's Gold Exploration
has been made privy to select and unpublicized in-
formation, THAT IS CURRENTLY UNAVAILABLE TO
the COMMON SHAREHOLDER, me and my friend,
and that other fellow over there ! ! ! ! ! ! ! !
DID HE PAY FOR ACCESS TO THAT INFORMATION ?
I do not care if he was given the information under
"the cover of" an N.D.A. ( Non-disclosure Agreement )
HERE's the PooP Donny-boy, under Regulation F.D. :
https://www.sec.gov/fast-answers/answers-regfdhtm.html
Fair Disclosure, Regulation FD
Regulation FD addresses the selective disclosure of information by publicly traded companies and other issuers. Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must make public disclosure of that information. In this way, Regulation FD aims to promote the full and fair disclosure.
. . . . and Regulation 8K is also very applicable :
https://www.sec.gov/fast-answers/answersform8khtm.html
Form 8-K
In addition to filing annual reports on Form 10-K and quarterly reports on Form 10-Q, public companies must report certain material corporate events on a more current basis. Form 8-K is the “current report” companies must file with the SEC to announce major events that shareholders should know about.
The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following :
OK Donny-Boy, you are consorting with the Criminal
Pershing Stock Price Manipulator, .. a man(?) . who
serially and chronically IGNORES Reg 8K & Reg FD,
thus illegally manipulating the share price of <PSGR>
(Pershing Resources) stock.
Why are you consorting, Don McDowell, with the
CRIMINAL STOCK PRICE MANIPULATOR, "Steve
Plumb, CEO of Pershing Resources" ?
This man(?) has no moral compass whatsoever ! ! ! !
Until2017
Until2020, formerly Until2017
6 years ago
$PSGR Technical Report...expected...be available by April 30th
The final Technical Report, which will include the exploration work, is expected to be available by April 30th.
https://www.pershingpm.com/news-media/press-releases/detail/58/pershing-resources-commences-phase-one-of-ni-43-101-study
PERSHING RESOURCES COMMENCES PHASE ONE OF NI 43-101 STUDY ON ITS NEW ENTERPRISE PROJECT
MARCH 21, 2018
The Company Contracts A Senior Geological Team To Evaluate Economic Potential of the Project
RENO, NV -- (Marketwired) -- 03/21/18 -- Pershing Resources Company, Inc., (OTC PINK: PSGR) is pleased to announce the initiation of Phase 1 exploration work and preparations for the completion of an updated National Instrument 43-101 Technical Report for its 100% owned New Enterprise project. The work began in January of this year with the fieldwork completed in early February. The final Technical Report, which will include the exploration work, is expected to be available by April 30th.
The Technical Report will asses the effectiveness of previous exploration work to test the mineral resource potential and prioritize future exploration work to advance the development of the project. This work will be supported with field observations regarding rock types, alteration, mineralization, and structure, in conjunction with multi element analysis of 106 samples. Interpretations and conclusions will discuss the mineral resource potential of the Project based on the available data and outline Phase 2 recommendations. At this point in the preparations of the report, it is anticipated that Phase 2 recommendations will include, but not limited to, an airborne and other geophysical surveys, geological mapping, additional geochemistry, and a diamond drilling program.
The Company is also pleased to announce that it has named Edward Walker PhD, P.Geo., as its principal consulting geologist on the Company's New Enterprise project near Kingman Arizona. Dr. Walker will replace Duncan J. Bain PhD, P.Geo. Dr. Bain passed away unexpectedly in mid-July of 2017. The Company has been working with Dr. Bain's consulting firm, Duncan Bain Consulting Ltd, (DBCL), of London, Ontario, to find a replacement. The Company has also named Jim Renaud PhD, P.Geo. as a primary technological consultant on the New Enterprise project to assist Dr. Walker.
Pershing Resources' CEO, Steve Plumb stated, "We are grateful to the CEO of DBCL for her diligent help in finding such well qualified professionals to continue the work that Duncan began for us. We look forward to working with our new team of geologists as we continue our exploration and development of the New Enterprise project."
Upon completion, the NI 43-101 Report will posted on the Company's website at: www.pershingpm.com/projects/the-new-enterprise-project
The technical information in this news release was prepared and/or reviewed by Edward Walker, PhD, P.Geo., an independent Qualified Person as defined in National Instrument 43-101.
Until2020, formerly Until2017
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