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As of 2:18 AM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

pershing gold corp (7PG) Snapshot

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04/23/15 - €0.31
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pershing gold corp (7PG) Details

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.

22 Employees
Last Reported Date: 03/27/15

pershing gold corp (7PG) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $700.0K
Principal Financial Officer, Principal Accoun...
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 corp (7PG) Key Developments

Pershing Gold Announces Start of 2015 Drilling Program at Relief Canyon

Pershing Gold Corporation announced the start of its 2015 drilling program at Relief Canyon. The company has initiated phase 1 of its 2015 core-drilling program at the Relief Canyon Mine, Pershing County, Nevada. The Company has three main objectives for this core-drilling program, all of which are focused on adding gold ounces to the resource estimate at Relief Canyon. The three areas targeted in this program are the Southwest Target Area, the North Target Area and the Jasperoid Target Area. Objective 2 will focus on expanding and better defining the controls on the high-grade gold intercepts encountered in the North Target Area. The Company plans to drill core-holes designed to offset the high-grade gold intercepts of greater than 1 ounce per ton encountered in the recently concluded 2014 and early 2015 drilling program. The North Target Area is located approximately at the north rim of the North Pit of the Relief Canyon Mine and extends nearly 700 feet (213 meters). Objective 3 will be to demonstrate continuity of subsurface mineralization intercepted in the Jasperoid Zone during the 2013 and 2014 core-drilling programs with known gold mineralization in the Jasperoid Target Area. The Jasperoid Target Area is located directly to the east of the North Target Area.

Pershing Gold Corporation Announces 2015 Drilling Program

Pershing Gold Corporation announced its plans for the company's 2015 drilling program. Pershing Gold has initiated road building and site preparation for phase 1 of its 2015 Relief Canyon drilling program. Pershing Gold plans to complete approximately 100 additional core holes at Relief Canyon in 2015. The drilling is planned to include approximately 75,000 feet (nearly 23,000 meters) and will begin in the second quarter of 2015. The current cost estimate for this phase 1 drilling is approximately $3.5 million. This program will focus on expanding the high-grade zones in the North Target Area where high-grade gold intercepts of 76.8 grams per tonne, 87.9 gpt, and 123.9 gpt gold or 2.24 ounces per ton, 2.57 opt and 3.62 opt Au were recently encountered. In addition, this program will focus on expanding the resource to the southwest, northeast, and to the west with step-out drilling from known zones of gold mineralization. This step-out drilling will be conducted with the goal of increasing the aerial extent of the resource, thereby increasing the total geologic limit of the gold mineralization for future resource estimates. In addition to the exploration adjacent to the currently defined deposit, the company plans to test early exploration targets currently being identified to the north, west and south of the Relief Canyon Mine. High-quality target selection is based on a thorough review of a large database of geophysical data as well as geologic mapping and geochemical results. The company has defined several high quality targets and will prioritize and evaluate them during the 2015 program. Pershing Gold plans to initiate its 2015 drilling program in May of this year.

Pershing Gold Corporation Presents at John Tumazos Very Independent Research Metals and Mining Conference, Mar-30-2015 04:30 PM

Pershing Gold Corporation Presents at John Tumazos Very Independent Research Metals and Mining Conference, Mar-30-2015 04:30 PM. Venue: Westin Grand Central Hotel, 212 East 42nd Street, New York, NY 10017, United States. Speakers: Stephen D. Alfers, Chairman, Chief Executive Officer and President.


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