Pershing Resources Company Expands Precious Metals Sampling Program and Increases its Claims on the Marco Project
RENO, Nev., Feb. 19, 2015 /PRNewswire/ -- Pershing Resources Company, (OTC Pink: PSGR), announced it has expanded its precious metals exploration and sampling program to re-establish the ore body on its Marco Project in Nevada. Using new technology, initial analysis shows surface values of gold and other precious metals on the property. One pre-existing drill hole was also tested and showed matching values to depth of 380 feet. A second pre-existing drill hole of similar depth was discovered some distance from the first. The second drill hole was also tested and showed matching values to a similar depth. These results now re-confirm Pershing Resources' late and former CEO Dan Wright's years of work on this ore deposit.
The Company has hired an independent contractor to sample additional locations on the property as well as to isolate a viable method for recovery which can be tested on a pilot scale. Assay results, thus far, have been promising. These results have led the Company to increase the number of mining claims it now holds from 44 to 55 on the mine site. The increase in claim holdings reflects management's confidence in the commercial viability of the Marco Project.
The Company also announced that David Jordan, and Joel Adams have joined the board of directors. Mr. Jordan and Mr. Adams have been investors in Pershing Resources Company since 1998. Their addition to the board brings the number of directors to five and will help the Company put greater focus on procuring capital and driving the Company's development and progress. The Company has updated and reinitiated its OTC stock listing and launched a redesigned and updated corporate website at www.pershingpm.com.
Additionally, the Company has established new offices at 200 South Virginia Street in downtown Reno Nevada.
Phone: 775 398 3124
Contact: [email protected]
The information contained in this press release 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
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