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Last $0.33 USD
Change Today -0.004 / -1.20%
Volume 144.8K
PGLC On Other Exchanges
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

pershing gold corp (PGLC) Snapshot

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02/26/15 - $0.41
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pershing gold corp (PGLC) 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 (PGLC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $625.0K
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $235.0K
Senior Vice President
Total Annual Compensation: $154.8K
Compensation as of Fiscal Year 2013.

pershing gold corp (PGLC) Key Developments

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.

Pershing Gold Corporation Announces Update on Core Drilling at the Relief Canyon Mine in Pershing County

Pershing Gold Corporation announced that core drilling at the Relief Canyon Mine in Pershing County, Nevada continues to discover new very high-grade gold intercepts. Drill hole RC15-279 encountered 0.5 meters (1.4 feet) of 123.900 grams per tonne (gpt) gold (Au)/3.618 ounces per ton (opt) Au that is included in a 11.3 meter (37.0 foot) intercept of 5.069 gpt Au/0.148 opt Au. Another highly mineralized hole, RC15-283, contains a 10.7meter (35.1 foot) intercept of 9.886 gpt Au/0.289 opt Au that includes 3.9 meters (12.9 feet) of 25.367 gpt Au /0.741 opt Au and 1.0 meter (3.3 feet) of 84.319 gpt Au/2.462 opt Au. All of the very high-grade drill hole intercepts occur in the Lower and Jasperoid Zones, which lie beneath the Main Zone portion of the deposit that was mined in the 1980s. Pershing Gold first recognized the significance of the Lower Zone and the additional presence of the Jasperoid Zones in its 2013 drilling program. Many of the holes drilled during the 2014 – early 2015 drilling program have helped to further delineate the Lower and Jasperoid Zones, which remain open to the east, west, and south in the North Target Area. The January 2015 holes containing multi-ounce gold intercepts appear to represent another breakthrough discovery, which suggests that future core drilling has significant potential to expand and upgrade the Relief Canyon deposit. The distribution of the holes that have been drilled to date suggests there may be multiple structures that host multi-ounce gold mineralization. Assay data have been received for all of the 134 core holes completed during the 2014 and early 2015 drilling program at Relief Canyon. Now that these results are available, the Company is planning to incorporate this data into an updated resource estimate, which is anticipated to be completed in the second quarter of 2015.


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