Business
Pershing Resources Ramps Up for 2019 Exploration Program on New Enterprise Project, Near Kingman, Arizona
Pershing Resources Ramps Up for 2019 Exploration Program on New Enterprise Project, Near Kingman, Arizona.
About this update from Pershing Resources Company, Inc.
[{"type":"text","content":"The Company Begins Detailed Mapping of the Project Site Ahead of Geophysics and Core Drilling ProgramsRENO, NV / ACCESSWIRE / April 3, 2019 / Pershing Resources Company, Inc., (OTC PINK: PSGR) is pleased to announce the completion of key milestones for the 2019 mineral exploration program planned for its 100% owned New Enterprise Project site near Kingman, Arizona. Fieldwork preparations, subcontractors, and permit submissions have been secured to successfully implement the 2019 mineral exploration program. Phase 1 will concentrate on the characterization of recently identified gold-copper-bearing porphyry-related vein systems, including a focused follow-up diamond drill core program and leaching tests of the recently collected and submitted bulk samples. Completion of Phase 1 will depend on securing sufficient funds to complete the entire program.Mapping & GeophysicsPhase 1 will initially concentrate on detailed geological mapping of the outcropping gold-copper-bearing porphyry-related vein systems. These veins are situated within the expanded New Enterprise Project that now consists of 281 contiguous BLM claims, covering approximately 10 square miles. Recently completed field preparations within the Central and Western vein systems have further confirmed the continuity of the vein systems by searching targeted locations and finding previously unreported veining. In addition, previously unreported surface bedrock exposed alteration indicative of porphyry-related systems was also readily identified within, and beyond, the vein systems. Detailed geological characterization of the gold-copper-bearing porphyry-related systems will help determine the associations and controls related to the gold and copper mineralization and assist in targeting drill hole locations.In conjunction with the geological characterization of the vein systems, Pershing Resources has selected a Canadian geophysical service provider to execute a high-resolution tri-axial aeromagnetic heliborne survey. Scott Hogg & Associates Ltd., http://www.shageophysics.com, of Toronto, Ontario, will provide an aeromagnetic survey using their state-of-the-art equipment and processing software technology that will cover the entire New Enterprise Project with a line spacing of 50 metres (164 feet). Complementing the magnetic survey data and the recent geological mapp...