Pershing Gold Intercepts High-grade Gold at Relief Canyon

Pershing Gold Corp. (NASDAQ:PGLC) released an update on its 2015 drill program, commenting that initial results include hole RC15-314 with an intercept of 15.6 meters of 7.032 g/t gold. The hole is located in Relief Canyon’s Jasperoid zone.
The press release states:

The intercept begins at 10.5 feet from the surface and includes a 2.8 foot (0.85 meters) interval of 108.72 gpt (3.175 oz/ton) Au. Other notable intercepts include RC15-300 with 48.2 feet (14.7 meters) of 7.490 gpt, 0.219 oz/ton in the North Target Area and RC15-292 with 63.7 feet (19.4 meters) of 2.123 gpt, 0.062 oz/ton Au in the Main Zone drilled in the Southwest Target Area.
Four core-drill rigs have been operating at Relief Canyon for the past two weeks. One core-drill rig is working in the North Target Area. A second drill rig has commenced drilling in the Jasperoid Target Area. The third and fourth core rigs are drilling in the Southwest Target Area. Approximately 25% of the total 2015 drilling program has been completed to date, which includes approximately 24,500 feet (7,500 meters) and 43 holes. Assay results have been received for the first 26 holes.

Stephen D. Alfers, president, CEO and executive chairman of Pershing, commented:

The recent results from the 2015 drilling program show significant intercepts from all three of the target areas we are focusing on this season. Results such as RC15-314 with intercepts near the surface in the Jasperoid Target Area are very promising, especially considering that it’s a new target with very limited drilling completed to date. It is very exciting to see these higher grades over intercepts with mineable widths up to 64 feet. This should allow us to continue to upgrade the resource when we publish another updated resource at the end of this drilling program.

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