TORONTO, ONTARIO--(Marketwired - Oct. 21, 2013) - Pacific Gold Corp. (OTCQB:PCFG)(OTCQB:PCFGD)(PINKSHEETS:PCFG)(PINKSHEETS:PCFGD), Pacific Metals Corp. (OTCBB:PMET).
Pacific Metals Corp. (the "Company") announced today that it has received a report from its consulting geologist on work that the Company contracted to have performed in September.
In 2012 the Company purchased a historic report on the project area containing results of some 12,000 feet of drill-holes that were previously drilled on the Company claims and in some areas that were not then under claim. The Company engaged its geologist to stake additional claims to cover the full resource area of the Graysill mine. As a result the Company has now staked an additional 16 claims adjacent to the previous 24 claims held by the Company.
Additionally the Company had its Geologists perform a radiometric survey of the new claim area with handheld scintillation counters to establish readings to be added to the Company's current geologic maps of its claims.
The survey identified a potential new area of interest and one surface sample is now being evaluated at a laboratory.
The Company is currently assessing the report provided by its consultants and will determine its next course of action in the fourth quarter. Recommendations include the preparation of an initial 43-101 report on the Company claims.
To find out more about Pacific Metals Corp. (OTCBB:PMET), visit the Company's website at www.pacificgoldcorp.com/pmet/.
About the Company
Pacific Metals Corp., owns mining claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine, believed to contain substantial quantities of Vanadium and Uranium. The Company is an approximately 75% owned subsidiary of Pacific Gold Corp.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2013 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.