As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).
pershing resources co inc (PSGR) Key Developments
Pershing Resources Company Expands Metals Exploration and Sampling Program and Establishes New Offices at 200 South Virginia Street in Downtown Reno Nevada; Announces Board Appointments
Feb 19 15
Pershing Resources Company 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. Additionally, the company has established new offices at 200 South Virginia Street in downtown Reno Nevada.
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.
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