Welcome to our dedicated page for Pershing Res Co news (Ticker: PSGR), a resource for investors and traders seeking the latest updates and insights on Pershing Res Co stock.
Pershing Res Co Inc (PSGR) delivers focused mineral exploration through advanced geophysical surveys and strategic project acquisitions in Arizona and Nevada. This news hub provides investors and industry observers with essential updates on the company's discovery efforts for precious and base metal deposits.
Access authoritative information on PSGR's exploration progress, including technical survey results, property acquisitions, and leadership developments. Our curated collection features press releases detailing geophysical findings from the New Enterprise and Mohave projects, along with operational updates from key mining regions.
Key updates cover systematic exploration phases, proprietary data analysis, and partnerships that drive PSGR's pipeline growth. Monitor critical developments in gold/silver target identification, copper exploration strategies, and regulatory milestones affecting project timelines.
Bookmark this page for streamlined access to verified PSGR announcements. Check regularly for new insights into the company's methodical approach to unlocking mineral potential through integrated historical analysis and modern exploration technologies.
Pershing Resources Company Inc. (OTC PINK:PSGR) has entered into an agreement to acquire a 100% interest in the Mohave Project in Mohave County, Arizona. The project is an extensive low-sulphidation epithermal gold-silver vein complex covering over 2 sq miles. Key highlights include:
- Permitted for up to 600 drill sites and 27 km of drill access roads
- 619 shallow drill holes totaling 23,244 meters, many bottoming in gold mineralization
- Over 40 abandoned mine workings
- Large areas of anomalous geochemistry and numerous historical mine workings
- Extensive database documenting historical production and recent exploration
The agreement involves $3.9 million in cash payments and $2.7 million in work expenditures over five years. Upon full payment, Pershing will grant a 2.0% net smelter royalty to the optionors.
Pershing Resources has appointed Patrick J. Burns as the Director of Project Development. Burns will spearhead the company's Generative Exploration Program and advance the New Enterprise Property in Arizona. He will work closely with Neil D. Novak, Luis A. Vega, and Dr. Ed Walker. The company has acquired several prospects within a 50-square-mile area around the New Enterprise Project, which covers 11.84 square miles in the Maynard Mining District. The area includes four key exploration targets with historic copper porphyry-related mineralization. Pershing is analyzing geophysical data from a 2020-2021 survey covering 150 square miles to identify viable exploration targets.
Pershing Resources Company (OTC PINK:PSGR) announced on September 6, 2022, that it has paid annual maintenance fees to the Bureau of Land Management to secure mineral rights for 367 mining claims covering 11.84 square miles until September 1, 2023. The claims are part of the New Enterprise Property, which includes four exploration targets with potential copper porphyry mineralization. A three-phase exploration program is planned, but additional funding is necessary. The project is strategically located between two historical copper mines, enhancing its potential.
Pershing Resources Company (OTC PINK:PSGR) announced a new SK-1300 Technical Report Summary for its New Enterprise Project in Arizona. The report recommends a three-phase exploration program to assess the potential for a copper porphyry-related mineral resource. It identifies previously untested targets and highlights a four-mile structural corridor with significant mineralization. The company must secure funding for exploration to validate the conceptual model proposed in the report.
Pershing Resources Company (OTC PINK:PSGR) announced the appointment of Neil D. Novak, P Geo., as its new Director of Exploration. Novak, who joined the company in 2016, will oversee exploration initiatives in Arizona and Nevada and report to the Board of Directors. With over 40 years of global experience in the junior resource sector, he brings a wealth of expertise, having held senior positions in multiple companies. The company focuses on its 100% owned New Enterprise Project, located near Kingman, Arizona, which lies within a significant copper mining trend.
Pershing Resources Company (OTC PINK: PSGR) has announced the completion of its 2021 Consolidated Financial Statements audit by UHY, LLP, an independent auditor. The audit adhered to GAAP standards and was conducted according to PCAOB guidelines. The audited financial statements are accessible via OTC Markets or the Company's corporate website. Pershing Resources focuses on precious and base metals exploration, particularly the New Enterprise Project in Arizona, part of a significant copper mining trend.
Pershing Resources (PSGR) announced the appointment of Harvey McKenzie as an independent director to its Board of Directors, effective January 1, 2022. McKenzie, a seasoned CPA with 40 years of experience in mineral resource and technology sectors, transitions from the Advisory Board and will also serve on the Audit Committee. Meanwhile, Stephen V. Savran, MD will retire from the Board after 13 years. CEO Steve Plumb expressed gratitude to Savran for his contributions and welcomed McKenzie, emphasizing the importance of his expertise for the company's future developments.
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