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Pershing Resources Reports Additional Positive Gold Recovery Results on New Enterprise Project
Pershing Resources Reports Additional Positive Gold Recovery Results on New Enterprise Project.
About this update from Pershing Resources Company, Inc.
[{"type":"text","content":"\nTesting Further Substantiates Gold Recovery Using Routine Cyanide Leaching\n RENO, Nev., Nov. 26, 2018 (GLOBE NEWSWIRE) -- Pershing Resources Company, Inc., (OTC PINK:PSGR), is pleased to announce gold recovery by cyanide leaching results for grab samples from its New Enterprise Project located near Kingman, Arizona. Significant previously uncharacterized gold mineralization has been recently reported by Pershing Resources in multiple occurrences in what appears to be porphyry-related gold and copper mineralization as noted in the Company’s press release of June 20, 2018. The results further substantiate earlier testwork suggesting gold can be readily recovered by cyanide leaching from these occurrences. Additional sampling and testwork is currently underway. A total of 31 of 106 stored samples collected as part of the 2018 Technical Report were submitted to ALS USA Inc. in Reno, Nevada, for routine cyanide leach testing. The previously reported gold assays for the 31 selected samples ranged from 0.09 to 35.3 grams per tonne, with an average of 2.55 grams per tonne. The primary objective of the testing was to further evaluate the effectiveness of gold extraction by cyanide leaching for samples from the New Enterprise Property. Of the 31 pulp samples submitted for testing, 23 samples reported a gold recovery of greater than 80% with an average recovery of 91%. This included samples from both the Central and West Vein Systems as well as late and early quartz veins and two porphyry samples. The remaining eight samples reported recovery values less than 80% gold recovery and could be considered refractory. Seven of the eight samples reported recoveries between 74% and 78%, while a single sample reported a recovery of only 43%. Additional work will be undertaken to assess potential causes for the lower recovery, for example, but limited to, method or mineralogically related. The results from ALS compare well with testing done in 2017 by AuRic Metallurgical Laboratories of Salt Lake City, Utah, results of which were included in the NI 43-101Technical Report released in June 2018.The results from AuRic were on two samples collected from the Enterprise Mine Shaft “presumable ore dump” suggested gold recoveries ranging from 88 to 92 percent. The ALS sample method is a less rigorous than that performed by AuRic, h...