Jul 2 2015
Pershing Resources Company 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.
The Company also announced that it has named William B Earnshaw to be Director of Projects and Mill Operations. Mr Earnshaw is a veteran of three-plus decades in the industry and has experience in exploration and project management in both North and South America as well as, particular expertise in refining. Previous to joining Pershing Resources, he had been president of Simple Recovery Inc. which was acquired by the Company earlier this year.
Mr. Earnshaw, commented, "The assay and recovery of precious metals is an art and, technological advances are changing how mining and particularly refining is being done. The lack of free milling ores is pushing larger mining concerns toward ever more efficient methods of recovery which, in the past were not cost effective. We are working with several advanced technologies applied in recovery methods to increase our projected yields and cut our milling costs and time needed to process complex ores. Pershing Resources' Marco Project is good example of such ore types. In lab testing, ore that initially yielded one gram per ton of precious metals, moved to as high as 30 grams per ton if a method such as sonification is applied. Technology is a disrupter and cost cutter in many industries and mining is no different."
Pershing Resources' CEO Steve Plumb said, "This marks a major goal for the Company and shareholders. We have developed the beginnings of a production capability and expect to be able to report a modest cash flow from operations in the near term. Having Bill come on board along with the two additional properties has been a game changer for us and demonstrates how the acquisition of Simple Recovery has been immediately accretive for the Company.
Mr. Plumb added, "As always, the Company appreciates the feedback we have received from shareholders and we welcome your comments and suggestions on all aspects of our operations."
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