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Pershing Resources Company, Inc. reports developments as an OTC Pink mineral exploration company focused on precious- and base-metal properties in the western United States. Company updates center on the Mohave gold-silver property and the New Enterprise copper/gold project in northern Arizona, along with the Klondyke silver/gold property near Tonopah, Nevada.
Recurring news themes include Bureau of Land Management claim maintenance payments, mineral-rights renewals, exploration planning, drilling concepts, SK-1300 technical report work, and property-level geological targets. Pershing Resources also announces board, advisory board, and technical committee changes tied to its exploration and financing activities.
Pershing Resources Company (OTC PINK:PSGR) announced the completion of its audit for the fiscal year ended December 31, 2019, conducted by UHY, LLP. This marks the third consecutive year the independent auditor reviewed the company's financial statements in accordance with GAAP. The audited financials are available on both the OTC Markets website and Pershing's corporate site. Pershing focuses on precious and base metals exploration in North America, particularly the New Enterprise Project located in Arizona, which is strategically placed in a copper-rich region.
Pershing Resources Company (OTC PINK: PSGR) has completed a strategic acquisition of the historic Standard Mine, situated within its 100%-owned New Enterprise Project in Arizona. This acquisition, finalized on November 16, 2020, cost $75,000 and is aimed at leveraging the mine's porphyry-related mineral resource potential. Historical data indicates significant mineralization, including 1% copper and up to 0.20 oz/ton gold. The company plans further mapping and sampling to explore the mineral resource's viability.
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Pershing Resources Company (OTC PINK:PSGR) announced on November 13, 2020, the successful issuance of a $200,000 convertible note to a current security-holder. The note, with a 180-day term and 3% interest, is convertible at $0.02 per share, potentially leading to the issuance of 10 million shares. Proceeds will fund accrued expenses, acquire mineral exploration leases, and support working capital. The company focuses on developing its New Enterprise Project in Arizona, amidst the challenges of the mining sector.