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Pershing Gold Reports By Far Its Highest Grades To Date

The following interview of Pershing Gold's (PGLC) CEO Steve Alfers was conducted by phone and via email from Feb. 2-4. I, Peter Epstein, have no prior or existing relationship with Pershing Gold.

Q. Please expand upon the significance of Pershing's Feb. 4 press release regarding new high-grade drill results.

A. We reported an intercept over 39.0 ft./11.9 meters of 10.12 grams per tonne "GPT" gold "AU"/0.295 ounces per ton, "opt" Au including an interval over 4.7 feet/1.4 meters of 76.8 gpt Au/2.24 opt Au, by far our highest grade gold intercept at the Relief Canyon project. In the context of our entire 2014 drilling campaign, this core hold RC15-264 is an exclamation point on our 135-hole drill program in the North Target Area. Throughout the 2014 drilling program we have consistently reported a pattern of thick intercepts with gold grades two to five times higher than the average grade of… Read More …