on Pershing Resources Company, Inc. (NASDAQ:PSGR)
Pershing Resources Enters Lease Agreement to Acquire Mohave Project
RENO, NV / ACCESSWIRE / July 22, 2024 / Pershing Resources Company Inc. is pleased to announce an agreement to acquire a 100% interest in the Mohave Project, located in Mohave County, Arizona. The project features a well-developed low-sulphidation epithermal gold-silver vein complex spanning over 2 sq miles.
The property, permitted for up to 600 drill sites since 2023, previously drilled 619 shallow holes totaling 23,244 meters. Historical mine workings, numerous anomalous geochemical zones, and an extensive database of past production records enhance the project's allure.
Options under the $3.9 million agreement include accelerated payments and a future 2.0% net smelter royalty for the sellers. The Mohave Project aligns with Pershing’s New Enterprise and Klondyke Gold Projects, offering strategic synergies in the Walker Lane Gold trend.
R. P.
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