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Pershing Resources Renews Federal Mineral Claim Rights For Its New Enterprise Property
Pershing Resources Renews Federal Mineral Claim Rights For Its New Enterprise Property.
About this update from Pershing Resources Company, Inc.
[{"type":"text","content":"RENO, NV / ACCESSWIRE / September 6, 2022 / Pershing Resources Company, Inc. ("Pershing" or the "Company") (OTC PINK:PSGR), announced that, as of August 30, 2022, it has paid the Bureau of Land Management, (BLM), annual maintenance fees to secure the mineral rights of the 367 mining claims, covering approximately 11.84 square miles, or 3,068 hectares, through to September 1, 2023, for its lead exploration project, the 100% owned New Enterprise Property located in the Maynard Mining District near Kingman, Arizona. The New Enterprise Property includes four primary exploration targets with known copper porphyry-related mineralization that appear not to have been drill tested and located within a "structural corridor" four miles long and 0.4 miles wide, as discussed in the Company's recently received SK-1300 Technical Report Summary (the "Report") Current Technical Report: Pershing Resources Company, Inc. (PSGR) (pershingpm.com)The proposed conceptual exploration model outlined in the Report takes into consideration structural and overlapping alteration patterns not previously considered that may have concealed the mineral resource potential of the New Enterprise Property area. Additional work is necessary to further understand the scope of the newly developed conceptual exploration model as discussed in the Report. A three-phase exploration program has been outlined to better constrain the conceptual exploration model and to determine the potential grade and tonnage of the structurally controlled mineralization. Pershing will need to secure sufficient funding to complete the recommended work as outlined in the Report.The New Enterprise Project area 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. (for mine details, see Pershing Resources press release dated May 23, 2022).Edward C. Walker, Ph.D., P.Geo., author of the Report, is an independent consultant to the Company, and a "qualified person" as defined under the rules and regulations of the U.S. Securities and Exchange Commission. Dr. Walker participated in the acquisition and interpretation of Pershing's exploration work. The technical content of this pr...