SOURCE: Wall Street News Alert

August 22, 2005 09:02 ET

Breaking Stock Alert: Emerging Public Company Acquires Major Ore Deposit!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- August 22, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Pacific Gold Corporation (OTC BB: PCFG), AK Steel (NYSE: AKS), United States Steel Corporation (NYSE: X) and Charles Schwab Corporation (NYSE: SCH).

Pacific Gold Corporation (OTC BB: PCFG) should be appearing on the radar screen of aggressive investors and day traders this morning! Friday after the stock markets closed, the company issued a press release announcing that Pilot Mountain Resources Inc., a subsidiary of the company, has acquired Project W from Platoro West Inc.

The acquisition may get the attention of investors, as the company has placed enormous potential value on the ore deposit! Project W is primarily a tungsten project located in Mineral County, Nevada. Elevated tungsten values occur throughout the area, and there are known mineral resources within the claim area.

The terms of the acquisition of Project W call for Pilot Mountain Resources Inc. to pay to Platoro West, 150,000 shares of common stock of Pacific Gold Corp. and a 2% gross royalty on all mineral sales from Project W. On completion of an updated feasibility study, title of the claims comprising Project W will be transferred to Pilot Mountain Resources Inc.

Continue to watch this company as Project W progresses! Pacific Gold Corp remains committed to alluvial gold projects and its base business strategy of acquiring proven but undeveloped mineral deposits. Due to the special nature of the opportunity with Project W and the recent developments in the tungsten market, management feels that Project W is a significant opportunity for the Company and its shareholders.

Investors should continue to monitor the progress of Pacific Gold for further developments! The company plans to aggressively begin work on Project W. Initially the company plans to conduct a review of the project documentation and perform some preliminary mineral analysis. Following the document review the company plans to engage an engineering firm to prepare a new feasibility study for Project W.

For updated in-depth coverage and a company profile of Pacific Gold, visit

Prior to Friday's press release, the stock closed at $0.29 a share.

In case you are not familiar with the company: The Company's business plan includes the acquisition and development of production-ready and in-production mining operations. The company is currently focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. currently owns four operating subsidiaries. Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada. Pilot Mountain Resources Inc.("Pilot Mountain") owns Project W, a large tungsten based deposit. Fernley Gold, Inc. ("Fernley Gold") has acquired the exclusive lease rights to mine the Lower Olinghouse Placers. Oregon Gold, Inc. ("Oregon Gold") owns the Bear Bench claims and Defiance mine, located in south-western Oregon.

Stocks showing interesting activity Friday at the close of the regular trading day were: AK Steel (NYSE: AKS) up 1.8% on 1.3 million shares traded, United States Steel Corporation (NYSE: X) up 0.3% on 3.1 million shares traded and Charles Schwab Corporation (NYSE: SCH) up 0.2% on 4.3 million shares traded.


"U.S. stock investors will watch oil prices and durable goods orders next week to discern the strength of corporate and consumer spending. Stocks, which have been resilient this summer as crude climbed above $60 a barrel, wavered this week after Wal-Mart Stores Inc. warned on Tuesday that rising oil prices were taking a toll on consumer spending," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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