Metals and Mining
Company Overview of Pershing Gold Corporation
Pershing Gold Corporation engages in the exploration, development, and mining of gold and precious metal properties primarily in Nevada. It focuses on the exploration of Relief Canyon properties covering an area of approximately 25,000 acres located in Pershing County in northwestern Nevada. The Relief Canyon properties include approximately 948 owned unpatented mining claims, 120 owned millsite claims, 172 leased unpatented mining claims, and 2,235 acres of leased and 2,770 acres of subleased private lands. The company was formerly known as Sagebrush Gold Ltd. and changed its name to Pershing Gold Corporation in February 2012. Pershing Gold Corporation is based in Lakewood, Colorado.
1658 Cole Boulevard
Lakewood, CO 80401
Key Executives for Pershing Gold Corporation
Executive Chairman, Chief Executive Officer and President
Total Annual Compensation: $700.0K
Principal Financial Officer, Principal Accounting Officer, Vice President of Finance and Controller
Total Annual Compensation: $235.0K
Chief Operating Officer
Total Annual Compensation: $114.3K
Senior Vice President
Total Annual Compensation: $325.0K
Compensation as of Fiscal Year 2014.
Pershing Gold Corporation Key Developments
Pershing Gold Corporation Announces Final Drilling Results
Jan 20 16
Pershing Gold Corporation announced the final drilling results from its 2015 Drilling Program at the Relief Canyon project in Pershing County, Nevada. The company has completed another successful year of drilling at Relief Canyon. Recent results from the program include RC15-455, the westernmost drill hole in section 1135N. RC15-455 encountered three mineralized zones, all of which are open to the west and southwest. The 2015 Drilling Program concluded with a total of approximately 105,000 feet of drilling. In total, 178 holes were completed. This includes approximately 160 development core-holes designed to expand the Relief Canyon deposit in all directions and at depth. In addition, seven large diameter core holes were completed for metallurgical tests of all mineral zones. Column tests and bottle roll tests on that material have been in progress at McClelland Labs of Sparks, Nevada. The company awaits results and a final report on this test work. Finally, 11 exploration holes tested for satellite deposits under cover in the northern and southern part of the district. These exploration holes account for approximately 10,000 feet of drilling to test green field targets.
Pershing Gold Corporation Presents at Vancouver Resource Investment Conference, Jan-24-2016 11:30 AM
Dec 22 15
Pershing Gold Corporation Presents at Vancouver Resource Investment Conference, Jan-24-2016 11:30 AM. Venue: Vancouver Convention Centre West, 1055 Canada Place, Vancouver, BC, V6C 0C3, Canada. Speakers: Jack Perkins, Vice President of Investor Relations.
Pershing Gold Corporation Announces the Completion of its 2015 Drilling Program at the Relief Canyon Project in Pershing County, Nevada
Dec 15 15
Pershing Gold Corporation announced the completion of its 2015 Drilling Program at the Relief Canyon project in Pershing County, Nevada. Results are reported in feet ('ft') and meters ('m'), and in grams per tonne ('gpt') and ounces per ton ('oz/ton') of gold ('Au'). Southwest Target Area: The company has discovered a new block of mineralization in the Southwest Target Area, bringing mineralization 100 to 250 feet closer to the surface than was previously projected. RC15-429 with 18.8 ft (5.7 m), 5.921 gpt, 0.172 oz/ton Au is the highest-grade intercept yet encountered in this area. This new discovery is associated with a repeated section of the stratigraphy along a generally northwest trending zone. RC15-429 tested the extreme northwest extension of an area of mineralization discovered earlier this year. North Target Area: Recent drilling in the North Target Area primarily focused on step outs to the east designed to test the L and J mineralized zones (Figure 2). Noteworthy intercepts include RC15-405 with 2.3 ft (0.7 m) of 9.337 gpt, 0.274 oz/ton Au, RC15-419 with 20.8 ft (6.3 m), 2.098 gpt, 0.061 oz/ton Au and RC15-421 with 33.7 ft (10.3 m), 3.716 gpt, 0.108 oz/ton Au. These intercepts expand the deposit at Relief Canyon eastward and toward the surface in the Jasperoid Target Area. The 2015 Drilling Program concluded with a total of approximately 105,000 feet of drilling. In total, 177 holes, which include some re-drill holes, were completed. This includes approximately 160 development core-holes, 7 metallurgical holes, and 10 exploration holes. The 10 exploration holes account for approximately 10,000 feet of drilling to test green field targets. The average cost of contracted drilling for the 2015 program was slightly less than $38 per foot. In total, the Company spent approximately $5 million for the development drilling in this program. Approximately 75% of the assay results have been received by the Company and have cleared Quality Assurance/Quality Control ('QA/QC') review. The company plans to validate all assays, logging, and geotechnical data and incorporate the results into the Company's database by the end of this month. The company will complete its review of the 2015 Drilling Program in the first quarter of 2016 and will then announce its 2016 Drilling Program to follow up on the success of the 2015 program.
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