Beacon Equity Research Issues Update on Pacific Gold Corp. (PCFG.OB)
Pacific Gold identifies, acquires, explores, and develops proven mineral deposits in the United Sates. The company was incorporated in Nevada in 1996 and operates through five subsidiaries that cover several thousands acres of mineral rights in Nevada, Oregon and Colorado. In a recent press release, Pacific Gold announced that it has completed its modernization program at the Nevada Rae facilities and resumed producing gold. Earlier the company installed new equipment which could reduce the time and cost for mine reclamation requirements and significantly improve the gold recovery rate. The estimated value of US metal mine production in 2006 was more…