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Pershing Resources Receives Updated Technical Report on Its New Enterprise Project
Pershing Resources Receives Updated Technical Report on Its New Enterprise Project.
About this update from Pershing Resources Company, Inc.
[{"type":"text","content":"Technical Report Summary Recommends Continued Exploration for the Discovery of a Copper Porphyry-related Mineral Resource within the New Enterprise ProjectRENO, NV / ACCESSWIRE / May 23, 2022 / Pershing Resources Company, Inc. ("Pershing" or the "Company") (OTC PINK:PSGR), today announced that it has received a SK-1300 Technical Report Summary (the "Report") for its 100% owned New Enterprise Project located in the Maynard Mining District near Kingman, Arizona. The Report summarizes and integrates previously completed exploration work by Pershing and other exploration companies within the New Enterprise Project area. Based on this information, the Report recommends a three Phase exploration program to test the proposed conceptual exploration model and the potential for a copper porphyry-related mineral resource discovery for the New Enterprise Project. This new exploration model does not appear to have been considered by previous exploration companies in or around the Project area, nor have the four primary targets identified with this model appear to have been previously drill tested.The New Enterprise Project is situated between the historical producing Mineral Park Mine* twenty miles to the northwest and the currently producing Bagdad Mine** forty-five miles to the southeast, both of which are within the copper producing Laramide arc. Comparable geology, structural control, alteration, and mineralization described at both of these mines has been identified within the New Enterprise Project area. However, the Report indicates that a competent and non-reactive "lithocap" present within the New Enterprise Project area may have created geothermal alteration patterns and mineralization distributions atypical of the "classic" porphyry exploration model. The Report further indicates that variations caused by the presence of a "lithocap" may have concealed the mineral resource potential of the New Enterprise Project area.The Report found that all significant porphyry-related mineralization within the New Enterprise Project area appears to occur within a newly defined "structural corridor" transecting the middle of the New Enterprise Project area that is approximately four miles long and 0.4 miles wide. The Report states that in the north of the New Enterprise Projec...