$PSGR Going back ONLY 5 years of its OVER 20 years of EXISTENCE,
A brief history from Pershing Resources' Press Release from a few years past (NOTHING CHANGES except the PR wording):
APRIL 2, 2015 Steve Plumb, Pershing Resources' CEO, said, "These results confirm what we have known, for a while, about the Marco Project. The property is highly mineralized and is somewhat unique in its geology and ore content. We believe that the Company is on the right track and, that we can take this project to a commercial scale and be at a production ready state in the foreseeable future."
(OVER 5 years ago and still NO PRODUCTION!!! Is anything really going on here?)
Mr. Plumb added, "Shareholders have been very patient and the Company greatly appreciates the supportive feedback we have received since beginning our new initiative. Our priorities will now center on completing our development work with Simple Recovery and CSAL, and prudent use of capital. We are pleased and encouraged by these results and look forward to continued progress in our drive to get the Marco Project into production." News about the MARCO PROJECT has remained silent!
(Yep, shareholders have been VERY patient and FIVE YEARS LATER still have nothing to show for their patience.)
May 14, 2015 Pershing Resources' CEO Steve Plumb said, "This is a significant tactical and strategic gain for us. The opportunity came along at the right time and, will be immediately accretive for the Company. We have acquired both equipment and man power sufficient to operate with independence and flexibility and avoid costs that had been holding us down. The two additional properties we now hold, are valuable, accessible, and documented to have a number of rich target areas already identified. We now have capability and capacity within the Company to accomplish our objectives for Stage 2 of our production initiative on the Marco Project as well."
(Production initiative???? Oh, yeah, this was FIVE YEARS AGO. Still waiting!)
June 30, 2015 Pershing Resources Company (OTC PINK: PSGR) announced that it has begun testing its pilot mill at a facility near Kingman Arizona. The Company took delivery of a sonification unit, crushing circuit and other equipment in early May and, has largely completed assembly of a pilot mill. Testing will take sixty to ninety days and will involve processing runs of 25 to 100 pounds at a time. Once testing and adjustments are complete the pilot mill's capacity can be scaled up to 1 ton per day and eventually increasing to 5 tons per day. The Company will report on yield results as warranted.
(As warranted??? The results are WHAT???)
April 27, 2016 Pershing Resources Company, Inc. (the “Company”) (OTC PINK: PSGR) announced today that it has entered into a securities purchase agreement with Blackbridge Capital, LLC (“Blackbridge”). Pursuant to the terms of the agreement, Blackbridge has agreed to invest up to $1,000,000 in exchange for up to 9.9% of the Company’s outstanding common stock. The stock sale is subject to the Company filing of a Form 1-A Regulation A Offering Statement with the Securities and Exchange Commission (“SEC”), the qualification thereof by the SEC and the satisfaction of customary conditions of issuance and sale including the final pricing of the stock. The purchase price will be based on the lowest trading price of the Company’s common stock as reported on the OTC Bulletin Board, or other applicable market, during the ten (10) trading days immediately preceding the date the Company’s Form 1-A Offering Statement is qualified by the SEC.
(A MILLION DOLLARS??? What happened with the purchase agreement???? This was OVER FOUR YEARS AGO!)
Sept 29, 2016 (CEO Steve Plumb) "We have had very promising preliminary results from our investigation of the area surrounding our original New Enterprise claims and took the step to expand the project area. If the early indications prove out, we should have a lucrative property to work with. We are looking forward to the completion of our Technical Team's analysis later this year.
(Lucrative HOW??? Is this lucrative for Mountain Tours or lucrative for mining? Assuming there is to be mining!)
Aug 10, 2017 Pershing Resources Company, Inc., (OTC PINK: PSGR) announced that it has received a BLM permit for its plan to clear an access road to begin a bulk sampling program on its New Enterprise Project site near Kingman Arizona. The permit will be in effect for a period of two years and specifies bulk sampling as the primary purpose for the road clearing. The primary target of the program will be a pre-existing ore stockpile that has been estimated to contain between eight to ten thousand tons of unprocessed ore. The stockpile has been sampled and been determined to contain commercially viable levels of, copper, gold, lead, silver and, zinc.
(Commercially viable? After 3 years, which metals and how and when will they be extracted?)
Oct 3, 2017 Pershing Resources Company, Inc., (OTC PINK: PSGR) announced that it has posted additional summary assay data from its ongoing surface sampling program on its New Enterprise Property. Five surface samples, ranging in weight from 1.9 to 2.27 kilograms, were collected from an area of exposed fault breccia with multiple veins converging from the wider site. Individual assays ranged from 2.52gpt to 13.3gpt for gold/Au, and 202gpt to 391gpt for silver/Ag. The Company plans to make the site a priority for development.
(A PRIORITY??? What does this mean, sometime within the next century?)
April 9, 2018 Pershing Resources Company, Inc., (OTC PINK: PSGR) announced that it has signed a strategic alliance agreement with Reno based America's Gold Exploration Inc. Under the agreement America's Gold will provide exploration and project management consulting services to Pershing Resources. Pershing Resources will in turn provide fund raising and business consulting services to America's Gold.
(The Strategic Agreement was OVER 2 YEARS AGO. Anything PRODUCTIVE to shareholders occur during this period?)
May 8, 2019 Pershing Resources' CEO Steve Plumb stated, "Combining the New Enterprise and Mohave-Standard has been our intention for some time. Our Geologic Team’s recommendations are designed to capture the potential mineral values they have observed in the field and as a result of their extensive research of the geological features in the area. We believe that the combined claim blocks hold significant potential resource value for us. We would also like to thank A & M Minerals for making data and drill core from the Mohave-Standard available to us. We are looking forward to further discovery and development on the New Enterprise and Mohave-Standard Claim Blocks in 2018."
("We are looking forward to further discovery and development...." SO ARE THE SHAREHOLDERS!)
Nov 29, 2018 Pershing Resources Company, Inc., (OTC PINK
SGR), 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.
(Have the 'suggestions' been proven for readily recoverable GOLD from cyanide leaching? Where is the GOLD?)