RENO, Nev., Feb. 19, 2015 /PRNewswire/ -- Pershing Resources
Company, (OTC Pink: PSGR), announced it has expanded its precious
metals exploration and sampling program to re-establish the
ore body on its Marco Project in Nevada. Using new technology, initial analysis
shows surface values of gold and other precious metals on the
property. One pre-existing drill hole was also tested and
showed matching values to depth of 380 feet. A second pre-existing
drill hole of similar depth was discovered some distance from the
first. The second drill hole was also tested and showed matching
values to a similar depth. These results now re-confirm Pershing
Resources' late and former CEO Dan
Wright's years of work on this ore deposit.
The Company has hired an independent contractor to sample
additional locations on the property as well as to isolate a viable
method for recovery which can be tested on a pilot scale.
Assay results, thus far, have been promising. These results have
led the Company to increase the number of mining claims it now
holds from 44 to 55 on the mine site. The increase in claim
holdings reflects management's confidence in the commercial
viability of the Marco Project.
The Company also announced that David
Jordan, and Joel Adams have
joined the board of directors. Mr. Jordan and Mr. Adams have been
investors in Pershing Resources Company since 1998. Their addition
to the board brings the number of directors to five and will help
the Company put greater focus on procuring capital and driving the
Company's development and progress. The Company has updated and
reinitiated its OTC stock listing and launched a redesigned and
updated corporate website at www.pershingpm.com.
Additionally, the Company has established new offices at 200
South Virginia Street in downtown Reno
Nevada.
Phone: 775 398 3124
Contact: info@pershingpm.com
The information contained in this press release is provided
solely for the reader's general knowledge. The information
contained herein is not intended to be a comprehensive review of
all matters pertaining to Pershing Resources Company.
Potential investors should be aware that certain statements
included herein constitute "forward looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995. Such forward looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance and/or achievements of Pershing
Resources Company or of the gold mining industry to be materially
different from future results, performance and/or achievements
expressed or implied by those forward looking statements. These
risks, uncertainties and other factors include, but are not limited
to, changes in the worldwide price of gold or certain other
commodities and currencies and the risks involved in the
exploration, development and the mining business in general.
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SOURCE Pershing Resources Company
