Pershing Continues Expansion of High-grade Zone at Relief Canyon

Pershing Gold Corp. (OTCQB:PGLC) announced the discovery of further high-grade gold intercepts at its Nevada-based Relief Canyon mine. They further define a “broad zone of high-grade gold mineralization” located in the North Target Area.

As quoted in the press release:

Drill hole RC15-265A encountered 0.9 meters (3 feet) of 87.912 grams per tonne (‘gpt’) gold (‘Au’)/2.567 ounces per ton (‘opt’) Au that is included in a 9.2 meter (30.3 foot) intercept of 11.422 gpt/0.334 opt Au.

Drill hole RC15-269 is another significantly mineralized hole, which contains a 3.1 meter (10.2 foot)intercept of 9 gpt/0.263 opt Au within a 28 meter (91.8 foot) intercept of 1.74 gpt/0.051 opt Au. This hole also includes a 6.2 meter (20.2 foot) intercept of 3.05 gpt/0.089 opt Au.

Stephen D. Alfers, chairman and CEO of Pershing, said:

With these drilling results we now have many holes in the North Target Area defining new zones with high-grade intercepts. We announce here a second hole with an exceptionally high-grade gold intercept – the 3 feet (0.9 meters) of 87.912 gpt/2.567 opt Au in RC15-265A.

For over a year our team has been drilling the three zones (Main Zone, Lower Zone and Jasperoid Zone) in the North Target area. We recently reported RC15-264, exposing a 76.8 gpt/2.24 opt intercept and a new high–grade zone within the Lower Zone. The results released today report holes suggesting lateral extent of multiple high-grade zones at least 800 feet east to RC15-265A. These two high–grade zones continue to be open to the north and west, adjacent to RC15-264 and to the north and east, adjacent to RC15-265A, and therefore suggest new targets to the north, east and west to expand these new zones.

Click here to read the full Pershing Gold Corp. (OTCQB:PGLC) press release.