TORONTO, ONTARIO — (Marketwire) — 08/22/11 — Pacific Gold Corp. (PINK SHEETS: PCFG)(OTCQB: PCFG)
Further to the Company press releases of June 14th and August 2nd 2011, Pacific Gold Corp. („PCFG“) is pleased to announce that Nevada Rae Gold, Inc., („NRG“) a subsidiary of PCFG, has expanded its lease agreement with the owners representing the remaining 25% interest in the B&B claims that the Company had not previously leased. NRG now has a lease agreement covering 100% of the B&B claims.
The B&B claims area encompasses almost 2,000 acres of additional federal mining claims containing gold bearing gravels. The B&B claims more than double NRG-s existing land area in Crescent Valley at the Black Rock Canyon Mine.
To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG)(OTCQB: PCFG), visit the Company-s website at .
About the Company
Pacific Gold Corp.-s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold Corp.-s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as „may“, „will“, „expects“, „anticipates“, „believes“, „intends“, „estimates“, „should“, „typical“, „we are confident“ or similar expressions. These forward-looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company-s actual results, performance, prospects of opportunities in the remainder of 2011 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
Contacts: Pacific Gold Corp. 416-214-1483
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