Welcome to our dedicated page for Pershing Res Co news (Ticker: PSGR), a resource for investors and traders seeking the latest updates and insights on Pershing Res Co stock.
Pershing Resources Company, Inc. (OTC PINK: PSGR) is a Reno, Nevada-based precious and base metals exploration and development company with projects in Arizona and Nevada. Its news flow centers on technical progress, property agreements and corporate developments related to its exploration portfolio.
Recent Pershing Resources news has highlighted the company’s focus on the New Enterprise copper porphyry-related project near Kingman, Arizona, including the receipt of an SK-1300 Technical Report Summary and subsequent payments of Bureau of Land Management maintenance fees to secure mineral rights over hundreds of claims. Releases describe a three-phase exploration program, conceptual models based on structural and alteration patterns, and plans to pursue private funding and contractor bids for drilling.
Another major news theme is the Mohave Project in Mohave County, northwestern Arizona. Pershing has announced an agreement to acquire a 100% interest in this advanced-stage low-sulphidation epithermal gold-silver prospect, along with details on historical drilling, mapped mine workings, geophysical and geochemical surveys, and a multi-phase exploration plan. Updates have also covered the renewal of mineral rights and claim payments for the Klondyke Silver/Gold Property near Tonopah, Nevada.
Corporate and governance updates appear in Pershing’s news as well, including the appointment of a Director of Exploration, additions to the advisory board and board of directors, and completion of audits of consolidated financial statements. Investors and followers of PSGR news can use this page to review historical announcements on exploration programs, technical reports, land positions and board-level changes that shape the company’s exploration activities.
Pershing Resources (OTC PINK: PSGR) announced it paid BLM and county claim maintenance fees to retain control of its Mohave Project (4 sq mi), its New Enterprise Property (11.5 sq mi) and four nearby prospects in northwest Arizona, plus renewal of claims on its Klondyke Silver/Gold Property (1.6 sq mi) in Nevada, securing these claims through September 1, 2026.
The company outlined a three-phase, $2.3M exploration plan for New Enterprise: Phase 1 $600K (mapping, sampling, ground geophysics), Phase 2 $700K (initial drill tests), and Phase 3 $1M (follow-up drilling). Pershing said it is pursuing private funding and referenced an SK-1300 technical report with effective date May 22, 2022.
Pershing Resources (OTC PINK:PSGR) has appointed Pamela Laudenslager to its Advisory Board, effective immediately. As an Advisory Board member, she will provide guidance on marketing, financing, and social media presence.
Laudenslager brings extensive experience as the Managing Partner of Hemisphere Two Group LLC and a partner in Future Food Frontiers Pty. Her career includes senior executive positions at Fortune 500 companies in various industries, including roles at Avon Products and Estee Lauder. She has also achieved success in Broadway production, earning two Tony Awards as CEO of Center Stage Capital, Inc.
The appointment strengthens Pershing Resources' advisory team with Laudenslager's expertise in fundraising, marketing, and early-stage company development.
Pershing Resources Company Inc. (OTC PINK:PSGR) has entered into an agreement to acquire a 100% interest in the Mohave Project in Mohave County, Arizona. The project is an extensive low-sulphidation epithermal gold-silver vein complex covering over 2 sq miles. Key highlights include:
- Permitted for up to 600 drill sites and 27 km of drill access roads
- 619 shallow drill holes totaling 23,244 meters, many bottoming in gold mineralization
- Over 40 abandoned mine workings
- Large areas of anomalous geochemistry and numerous historical mine workings
- Extensive database documenting historical production and recent exploration
The agreement involves $3.9 million in cash payments and $2.7 million in work expenditures over five years. Upon full payment, Pershing will grant a 2.0% net smelter royalty to the optionors.
Pershing Resources has appointed Patrick J. Burns as the Director of Project Development. Burns will spearhead the company's Generative Exploration Program and advance the New Enterprise Property in Arizona. He will work closely with Neil D. Novak, Luis A. Vega, and Dr. Ed Walker. The company has acquired several prospects within a 50-square-mile area around the New Enterprise Project, which covers 11.84 square miles in the Maynard Mining District. The area includes four key exploration targets with historic copper porphyry-related mineralization. Pershing is analyzing geophysical data from a 2020-2021 survey covering 150 square miles to identify viable exploration targets.
Summary not available.
Summary not available.
Summary not available.
Pershing Resources Company (OTC PINK:PSGR) announced on September 6, 2022, that it has paid annual maintenance fees to the Bureau of Land Management to secure mineral rights for 367 mining claims covering 11.84 square miles until September 1, 2023. The claims are part of the New Enterprise Property, which includes four exploration targets with potential copper porphyry mineralization. A three-phase exploration program is planned, but additional funding is necessary. The project is strategically located between two historical copper mines, enhancing its potential.
Pershing Resources Company (OTC PINK:PSGR) announced a new SK-1300 Technical Report Summary for its New Enterprise Project in Arizona. The report recommends a three-phase exploration program to assess the potential for a copper porphyry-related mineral resource. It identifies previously untested targets and highlights a four-mile structural corridor with significant mineralization. The company must secure funding for exploration to validate the conceptual model proposed in the report.
Pershing Resources Company (OTC PINK:PSGR) announced the appointment of Neil D. Novak, P Geo., as its new Director of Exploration. Novak, who joined the company in 2016, will oversee exploration initiatives in Arizona and Nevada and report to the Board of Directors. With over 40 years of global experience in the junior resource sector, he brings a wealth of expertise, having held senior positions in multiple companies. The company focuses on its 100% owned New Enterprise Project, located near Kingman, Arizona, which lies within a significant copper mining trend.
FAQ
What is the current stock price of Pershing Res Co (PSGR)?
What is the market cap of Pershing Res Co (PSGR)?
