"These outstanding results underscore Pershing Gold's unique opportunity. We have a permitted and operational heap leach facility designed specifically to process the deposit at Relief Canyon. Our continued progress in expanding and upgrading the deposit keeps us moving forward on our critical path to resume mining at Relief Canyon. I am very pleased with the exceptional progress we have made," stated Stephen Alfers.Pershing Gold's plans for 2013 will focus on further expanding the Relief Canyon deposit and advancing the project towards production. The Company plans to modify its existing exploration permit to authorize drilling outside the currently defined in-situ resource boundary. The lands surrounding this boundary have not yet been tested sufficiently to determine whether they can be included in future resource estimates and economic evaluations. Additionally, Pershing Gold plans to amend the permit for the Relief Canyon Mine to authorize renewed mining activities. These projects will require additional external funding.
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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