Overview

Nevada has the second largest gold reserves in the world. It has 23 major gold mines, produces five million ounces of gold annually, and has produced more than 152 million gold ounces since 1835. Nevada has a stable tax regime, robust legal framework, streamlined permitting process, nearby infrastructure and unparalleled access to qualified labor. It is ranked by the Fraser Institute as the fourth most mining friendly jurisdiction in the world.

Relief Canyon Mine and Processing Facility

Pershing Gold is an emerging gold producer whose primary asset is the Relief Canyon Mine in Pershing County, Nevada. Relief Canyon includes three open-pit mines, expanding adjacent open-pit-able gold deposits, and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.

Pershing Gold's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.

The plant has the capacity to process gold bearing solutions from the leaching of 8 million tons of ore per year. The leach pad is now permitted to hold 21 million tons and can be readily expanded. The facility is ideally situated to process ore from future discoveries of satellite deposits.

Relief Canyon is situated at the southern edge of the Pershing Gold and Silver trend along the Humbolt Range. It is approximately 95 miles northeast of Reno, Nevada. Electricity is available on the property, and water is available from two wells located east of the processing plant. The City of Lovelock, where Pershing Gold has it’s Nevada offices, is located approximately 19 miles by road west-southwest of Relief Canyon