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  4. Pershing Resources Company Inc. (PSGR) Message Board

PSGR....Making some assumptions. MY OPINION....App

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Post# of 1537
Posted On: 07/14/2015 10:33:40 AM
Posted By: Hill411
PSGR....Making some assumptions. MY OPINION....Approximately 2 weeks have passed since Pershing Resources indicated that ore samples were to be gathered, milled and tested. Two weeks is sufficient time for the public disclosure of PRELIMINARY assay results. Basically, these results will dictate the direction that Pershing Resources will follow for additional sampling and testing. Expensive? Yep! Initially, the assays will dictate which claim has the most IMMEDIATE promise. Bottom line: Precious metals must exist in sufficient quantities to make the claim a viable and productive mine. Currently Pershing Resources has three locations from which to gather assay samples. The Nevada claims site appears to have had the most verifiable activity over the past several years. This location should provide the most direct answer to production potential. Again, assuming that the Nevada location has had continued activity, the Marcos claims should provide quantifiable numbers for precious metal content. Past assay samples at the Marcos claims have identified the existence of precious metals at specific locations. Using a process of elimination, the ore site sampling should become smaller in area and more definitive in assay content. Of most importance to the investor is the size of the ore body and its precious metal content (i.e. oz/ton). The on-going sampling of the Marcos claim should have provided a 'corridor' for the positioning of the ore body. Samples at various locations within this 'corridor' will provide a preliminary number for precious metal occurence. CERTIFIED assay samples would then confirm ore concentration. Two weeks is not an extensive period of time to have collected and tested the ore in-house. CERTIFIED assay samples (gathered and transported to the certified assay laboratory by an independent contractor) should see a turn-around of less than one week. I remain confident that precious metals (Gold) exists in profitable quantities at the Marcos claims. I am hopeful that asay results become publically available by next week. The 90 day assay result projection by Pershing Resources should be for COMPREHENSIVE assay results at all (NV & AZ) claims locations. The Marcos site should provide the most rapid lab assay turn-around because of the time that has already been spent investigating the precious metals occurence.A wait and see attitude for now. PATIENCE


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