$PSGR Just in case the recent deletion of Press
Post# of 1517
$PSGR Just in case the recent deletion of Press Releases by the Pershing Resources Website is thought to be a effort to erase EARLIER Press Releases. One CAN find the PRs, either on the Internet or on someone's computer. This one is from 2004 and contains the STILL familiar message of a 'Partner', new 'Technology and Equipment', and the suggestion that 'PRODUCTION' will follow if/when the Whamma Jamma technology and equipment kick in....or, Oh yes, it is just another 'forward looking statement'.
Think about it!!!! Just a scant FOURTEEN YEARS AGO and 'NEW TECHNOLOGY', 'TEST EQUIPMENT FOR PRODUCTION', even the establishment of a JV!!!
RESULTS??? No JV, No technology that worked, No production. Golly, this sounds familiar and it was ONLY 14 years ago!!!!!
Pershing Announces Joint Venture Agreement.
HENDERSON, Nev. -- Pershing Resources (Pink SheetsSGR) For the past few months Pershing Resources, a development stage mining company has been in discussions with various groups regarding a joint venturing of their Marcos Gold Property. Various production and recovery methods were explored and researched during that period. The company has decided after a lengthily process to joint venture with a private concern located in Northern Nevada, which has various mining interests in Nevada and in New Mexico.
The company has also decided to use a plasma type recovery system which is both economically feasible and time efficient. Initial testing using this procedure has yielded results which are consistent with past reports. Current test suggest however, that the use of a plasma system will increase potential daily production.
Currently the company is in the process of ordering the necessary machinery to begin pilot plant production at the rate of 1 ton per day. Should the pilot production be satisfactory relating to cost and efficiency, the company will purchase the commercial size machinery in January of 2005 and begin large scale production at that time.
NOTE: A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that PSGR may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.
All inquires can be made through the offices of Pershing Resources Company, Inc. at 701 North Green Valley Parkway, Suite 200, Henderson, NV 89074