Pershing Gold Corporation (Pershing Gold) is an emerging Nevada gold producer uniquely positioned to create shareholder value by fast-track reopening of the Relief Canyon Mine. Pershing Gold’s strategy to create shareholder value has four elements:
Advance the Relief Canyon Mine to commercial production.
Continue expanding the Relief Canyon deposit through development drilling.
Explore ~25,000 acre land position to discover and develop additional gold deposits.
Create value through strategic transactions.
Relief Canyon Mine and Processing Facility
The Relief Canyon Mine property includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap leach processing facility. The plant has the capacity to process gold bearing solutions from the leaching of 8 million tons of ore per year. The permitted leach pad can hold 21 million tons and can be readily expanded. The facility is ideally situated to process ore from future discoveries of satellite deposits. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.
These assets present Pershing Gold with a unique opportunity to capitalize upon the synergies of an existing processing facility adjacent to a mine that has additional resources to achieve a fast-track path to production at the Relief Canyon Mine.