Potential to Strike Gold in Arizona Is Sending Shares of this Company Higher

By: Dylan Sikes – AllPennyStocks.com News

Monday, July 22, 2024

This company’s shares are ticking up on news of an acquisition for an “excellent exploration opportunity.” This area contains large areas of anomalous rock and soil geochemistry, along with numerous historical mine workings, which have not seen any recent drill testing.

Pershing Resources Company Inc. (OTC PINK:PSGR) announced in a press release that it has entered into an agreement to acquire a 100% interest in the Mohave Project located in Mohave County in northwestern Arizona. The area is in an extensive well-developed low-sulphidation epithermal gold-silver vein complex and alteration system covering an area in excess of 2 sq miles.

In addition, the area was permitted in 2023 by the previous optionee for up to 600 drill sites and up to 27 kilometers (~16.8 miles) of drill access roads within the property. Over 40 abandoned mine workings (adits, shafts and declines) have been located / mapped on the property by previous operators.

Shares were up over 30 percent in Monday morning trading.

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