Pershing Gold Hits Significant Intercepts in North Target Area at Relief Canyon

Pershing Gold (OTCQB:PGLC) announced it has high additional significant intercepts of high-grade gold in the North Target area with hole RCF14-225 containing 55 feet of 0.117 ounces per ton gold. The company also announced it is adding a third diamond core drill rig to the Relief Canyon project for the remainder of 2014.

According to the press release:

RC14-225 (Relief Canyon 2014 drill hole 225) contains 55.0 feet of 0.117 ounces per ton (“opt”) gold (“Au”)/4.020 grams per tonne (“gpt”) Au.

The Company also announced that it is adding a third diamond core drill rig to the Relief Canyon Project for the remainder of 2014.

Steve Alfers, executive chairman and chief executive officer, said:

The deployment of a third drill rig to the project is an exciting milestone for Pershing Gold’s geology team, well justified by the results to date. We set out to expand and upgrade the deposit, and this ramp up in the program will accelerate that effort.

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