The approximate outline of the current deposit projected to the surface is shown in Figure 1. Much of the SEC Guide 7 mineralized material within the deposit is located on claims owned by Gold Acquisition Corp., Pershing Gold's wholly owned subsidiary. The rest occurs on private lands and mining claims that Pershing Gold acquired in April 2012 when it purchased the interests of Victoria Resources (US), a subsidiary of Victoria Gold Corp. (TSX:VIT-V) in a 2006 Mineral Lease and Sublease with Newmont USA Limited, doing business in Nevada as Newmont Mining Corporation ("Newmont") (NYSE:NEM). The leased lands and claims are subject to an Area of Interest ("AOI") with Newmont. The approximate in-situ resource boundary shown in Figure 1 illustrates that Pershing Gold's strategic consolidation of the lands and claims surrounding the Relief Canyon Mine has given them exclusive rights to lands inside the currently defined boundary of SEC Guide 7 mineralized material associated with the Relief Canyon deposit.Figure 1: Map featuring the approximate outline of the current gold deposit compared to the current pit boundary is available at: https://media.globenewswire.com/cache/19459/file/17778.pdf
Pershing Gold Corporation Increases Mineralized Material At Relief Canyon By A Factor Of Nearly Five And Announces An In-Pit Gold Resource Estimate
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