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Pershing Resources Releases Additional New Enterprise Assay Results
Pershing Resources Releases Additional New Enterprise Assay Results.
About this update from Pershing Resources Company, Inc.
[{"type":"text","content":"\nPershing Resources Releases Additional New Enterprise Assay Results\n\nPershing Resources Releases Additional New Enterprise Assay Results\n\n\nAssays Averaging 7.26gpt/Au and 320.6gpt/Ag, Highlight Commercial Potential \n\nRENO, NV--(Marketwired - October 03, 2017) - Pershing Resources Company, Inc., (OTC PINK: PSGR) announced that it has posted additional summary assay data from its ongoing surface sampling program on its New Enterprise Property. Five surface samples, ranging in weight from 1.9 to 2.27 kilograms, were collected from an area of exposed fault breccia with multiple veins converging from the wider site. Individual assays ranged from 2.52gpt to 13.3gpt for gold/Au, and 202gpt to 391gpt for silver/Ag. The Company plans to make the site a priority for development. Detailed assay data can be viewed on the Company's website at: http://www.pershingpm.com/projects/the-new-enterprise-project.Pershing Resources expanded the area of its New Enterprise Project in 2016 to a total area of 480 acres or 24 lode claims. The Company expanded the claimed area following a review of exploration work and data and, has been isolating development targets for inclusion in a proposed bulk sampling program for 2018. In August the Company received a BLM permit to begin site preparation work to execute a bulk sampling program on the New Enterprise site. The bulk sampling program will begin after an NI 43-101 Phase One study to determine the Inferred Mineral Resource of the New Enterprise is completed.Field work for the NI 43-101 study and report is now tentatively planned to begin later this year. Following the unexpected passing of Chief Consulting Geologist Dr. Duncan J. Bain PhD, P. Geo., in July, a replacement has now been identified and will be sub-contracted through Duncan Bain Consulting Ltd. of London Ontario. The Company plans to initiate the study after it has completed the review process for its Regulation A, Form 1-A offering statement filing. Pershing Resources' CEO Steve Plumb said, \"These results show good potential from the New Enterprise. We are accumulating data from a number of potential development sites on the property that we are considering for our bulk sampling program next year. Losing Duncan this year was a setback. However, we are focused on progress and, looking forward to beginning our Phase One Study, to be f...