Pershing Resources Company, Inc., announced that it has expanded the area of its Mohave-Standard Project to cover an additional 460 acres or a total area of 880 acres. The Company expanded the claimed area following a review of exploration work and data, acquired from the previous holder of the claims, that indicated the possible presence of several ore bodies extending from the original claim area.
A Phase One study on the now expanded Mohave-Standard claim area is tentatively planned to begin later this year. The Company plans to initiate the study on the property after it has completed the review and qualification process for its Regulation A Form 1-A offering statement filing. Pending results of the study, a Phase Two drilling program will be planned for 2018. Pershing Resources first staked the Mohave-Standard claims in late 2016.
Pershing Resources' CEO Steve Plumb said, "Our review of the data pointed to additional targets outside of our originally staked area. The Mohave-Standard seems to be part of the same porphyry system that has been noted on the New Enterprise claims. We took the step to expand the project area to capture additional mining targets identified by A&M Minerals, the previous holder of the claims. We are still in the early stage of our analysis however, the data we have received is encouraging. We are looking forward to the completion of our Technical Team's analysis of the property later this year."
Updates on Pershing Resources' Mohave-Standard can be followed at: http://www.pershingpm.com/projects/the-mohave-standard-project.