Apr 3 2015
Pershing Resources Company announced the results of their sampling program on its Marco Project Claims in Northern Nevada. The Company established an average assay of 0.374 ounces, (10.6 grams) of precious metals per ton of head ore.
Results from the sampling program were confirmed and certified by Copper State Analytical Laboratories in Prescott, Arizona. Copper State Analytical established the values on head ore and certified the results on 12 sets of surface samples from GPS logged locations on the Marco property. The Company hired Simple Recovery Inc., a mining contractor, to establish an independent chain of custody. Surface samples were collected by Simple Recovery personnel from an area of the Marco property encompassing approximately 400 acres. The samples were then brought to CSAL for assay, analysis and, extraction process testing late last year. The Company directed that several tests be run on each sample set to confirm the ore values using different methods and to establish the best extraction process and effective steps to incorporate into a proposed mill processing circuit. Further analysis is pending to determine the best process to extract ore values. More detailed data regarding the ore values and test results will be published on the Company's website in the next few weeks.
Steve Plumb, Pershing Resources' CEO, said, "These results confirm what we have known, for a while, about the Marco Project. The property is highly mineralized and is somewhat unique in its geology and ore content. We believe that the Company is on the right track and, that we can take this project to a commercial scale and be at a production ready state in the foreseeable future."
Mr. Plumb added, "Shareholders have been very patient and the Company greatly appreciates the supportive feedback we have received since beginning our new initiative. Our priorities will now center on completing our development work with Simple Recovery and CSAL, and prudent use of capital. We are pleased and encouraged by these results and look forward to continued progress in our drive to get the Marco Project into production."
Source: http://ir.pershingpm.com/