Pershing Resources Receives Updated NI 43-101 Technical Report On Its New Enterprise Project

The Company’s Geologic Consulting Team Outlines A Potential Gold/Copper Porphyry

RENO, Nev., June 20, 2018 (GLOBE NEWSWIRE) --  Pershing Resources Company, Inc., (OTC PINK:PSGR), is pleased to announce grab sample assay data and the issuance of a 43-101 technical report for its 100% owned New Enterprise Project located in the Maynard Mining District near Kingman, Arizona. The most important feature of this work is the newly identified potential for gold-copper porphyry mineralization within the Project area. Further exploration work is highly recommended, and the Project is considered to have an excellent potential to include a significant mineral resource.

Bedrock outcropping of high-grade precious and base metal veins and relatively lower grade porphyry copper-molybdenum mineralization was previously known to occur within the New Enterprise Project. Newly acquired preliminary geological, structural, and analytical results of these occurrences suggest the presence of overlapping styles (“telescopic”) of alteration and mineralization. “Telescopic” alteration and mineralization are present within extensive, and recurring, north-south oriented vertical to sub-vertical vein systems. This is significant because zonation about a porphyry copper-molybdenum system is typically outward from the core of the porphyry; as described in the Mineral Park porphyry copper-molybdenum deposit located approximately 20 miles to the northwest. One possible explanation being considered for the overlapping “telescopic” system of alteration and mineralization is that the vein systems are situated directly over a “buried” gold-copper porphyry system.

At least three vein systems, generally referred to as Central, West, and East, have been identified spanning an area approximately 1.2 by 0.9 miles (2.0 by 1.4 kilometers), entirely within the New Enterprise Project. The host rock to the vein systems include relatively older rocks that may be a “roof” overlying a potentially buried porphyry system. “Roof” rocks would act as a cap, trapping and focusing mineralization into vein systems and potentially along its base which has yet to be determined within the Project area. This process is not unusual for gold-copper porphyry systems but involves the application of a slightly different exploration model than the standard porphyry copper-molybdenum exploration model. Combined with the lack of modern exploration work completed within the New Enterprise Project, gold-copper porphyry mineral resource potential is considered to have never been tested for the Project area.

The Central Vein System can be traced in intermittent outcrop for a minimum of 1.2 miles (2 kilometers) with a width in places up to 33 yards (30 metres). Grab sample assays of gold range from 0.00 to 9.89 grams per tonne and copper range from 28 ppm to 1.42%. The West Vein System, which has garnered less historical attention, appears to consist of a conjugate vein system 22 to 55 yards (20 to 50 metres) wide, with additional occurrences spanning a distance of up to 190 yards (175 meters), along a strike of at least 185 yards long (170 meters). Grab sample assays of gold range from 0.04 to 35.30 grams per tonne gold and copper range from 33 ppm to 1.02%. The East Vein System is poorly exposed and recent grab sample results did not report values as high as those reported from the Central and West Vein Systems. Grab sample assays of gold range from 0.01 to 0.13 grams per tonne and copper range from 99 to 162 ppm. The base of the proposed “roof” was not identified during the previous program and may only be identified with subsurface drilling.

The vein systems are currently being described as a composite of, from oldest to youngest, porphyry intrusions, early quartz veining, intense alteration, and late quartz veining. The most important significance of these results is a demonstration that the vein systems include multiple generations of precious and base metal mineralization that has never been drill tested. A common first impression of the high-grade silver, lead, zinc mineralization is that they are not wide enough or continuous enough to make-up sufficient tonnage to be considered a mineral resource. The results of the recent grab samples suggest the potential of additional precious and base metal mineralization within the vein systems along with the high-grade veins; providing a more continuous source of mineralization within and along the veins. Drilling will be required to determine the potential grade and tonnage of the vein systems.

The 43-101 technical report highly recommends further work that includes, but not limited to, airborne geophysics, geological mapping and sampling, and diamond drilling. Initial bedrock sampling is currently underway. Geophysics and diamond drilling will commence immediately after the securing of sufficient funds to complete the work.

Pershing Resources' CEO, Steve Plumb, stated, “We are pleased that the recent data and 43-101 Technical Report further substantiate Pershing Resources assertion that the New Enterprise Project is an excellent mineral exploration property. Positive feedback from ongoing work motivated us to substantially expand the land package to capture the full potential of the Project area. We are very excited to move forward with an aggressive exploration program in 2018.”

All bedrock grab sample collection, analysis, and interpretation were completed by Professional Geoscientists independent of Pershing Resources. Analysis were completed by ALS Laboratories, USA Inc. with an accredited and certified standard quality assurance and quality control methods and procedures as outlined on their webpage www.alsglobal.com. As part of Pershing Resources quality control program, ten pulp duplicates were analyzed. All quality assurance, quality control, and sample security work met expectations for their intended purposes.

The technical content of this press release has been reviewed and/or prepared by Edward C. Walker, Ph.D., P.Geo., an independent consultant as defined by National Instrument 43-101.

For more information and an electronic copy of the 43-101 technical report, please visit Pershing Resources website at: https://www.pershingpm.com/projects/the-new-enterprise-project/technical-report  

About Pershing Resources

Pershing Resources is a precious and base metals exploration and mining company with several projects in North America. The Company is based in Reno, Nevada and owns an operations facility near Kingman, Arizona. It is currently focused on the development of it's 100% owned New Enterprise and Mohave-Standard properties, collectively referred to as the New Enterprise project. The New Enterprise Project is located between the Mineral Park Porphyry Cu-Mo mine (approximately 20 miles to the northwest) and the Baghdad Cu-Mo mine (approximately 45 miles to the southeast). The Company's other assets are comprised of mining properties in various stages of development located in the Western United States.

As opportunities arise, the Company will seek to strengthen its balance sheet through acquisition of additional mineral rights and mining properties. Pershing Resources is committed to responsible mining practices and, we believe, is positioned to deliver sustained growth and performance for years to come.

Forward-Looking Statements

The information contained in this press release as well as the information on the Company's website is provided solely for the reader's general knowledge. Such information is not intended to be a comprehensive review of all matters pertaining to the Company. Certain statements included herein and on the Company's website, constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements reflect management's current knowledge, assumptions, judgment and expectations regarding future performance or events. Although management believes that the expectations reflected in such statements are reasonable, these forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the Company's management. When used in this press release and on the Company's website, the words "estimate," "project," "believe," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and/or achievements of the Company or of the gold mining industry in general to be materially different from future results, performance and/or achievements expressed or implied by those forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties related to fluctuations in gold, silver and other commodity prices, uncertainties relating to interpretation of drill results and the geology of the Company's properties, uncertainty of estimates of capital and operating costs, the need for cooperation of government agencies in the development of the Company's mineral projects, the need to obtain additional financing to develop the Company's mineral projects, the possibility of delay in development programs or in construction projects, and uncertainty of meeting anticipated program milestones for the Company's mineral projects.

All forward-looking statements are expressly qualified in their entirety by this cautionary notice. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. The Company has no obligation, and expressly disclaims any obligation, to update, revise or correct any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Pershing Resources
200 South Virginia Street, 8th Floor
Reno, NV 89501
Phone: 775-398-3124
Email: info@pershingpm.com
http://www.pershingpm.com/.

Source: Pershing Resources Company, Inc.

Surface Sampling Program January 2018
JANUARY 2018 SAMPLING PROGRAM
PROJECT : "NEW ENTERPRISE"
	Au-ICP21	ME-MS61	ME-MS61	ME-MS61	ME-MS61	ME-MS61	ME-MS61		ME-MS61		ME-MS61		ME-MS61	ME-MS61	ME-MS61	ME-MS61	ME-MS61	ME-MS61
SAMPLE	Au	Bi	Te	Ag	As	Sb	Cu		Pb		Zn		Mo	Fe	S	K	Mg	Ti
Number	ppm	ppm	ppm	ppm	ppm	ppm	ppm		ppm		ppm		ppm	%	%	%	%	%
X043401	0.125	0	3	3	5	1	3		99		27		6	3.1	0.8	3.6	0.80	0.23
X043402	0.128	0	2	6	47	6	11		79		135		11	6.3	0.3	1.6	0.36	0.04
X043403	0.010	1	0	0	8	3	36		65		135		7	3.5	1.6	3.4	0.77	0.38
X043404	0.024	3	6	0	50	1	21		20		62		85	12.7	0.1	0.6	0.05	0.01
X043405	0.010	3	2	1	6	0	13		13		12		10	4.1	0.1	0.7	0.07	0.02
X043406	0.046	8	6	3	4	1	30		45		27		6	5.0	0.7	2.9	0.23	0.59
X043407	0.176	18	14	47	11	7	2260		1.90	%	286		35	5.9	0.3	0.0	0.01	0.01
X043408	0.198	1	3	21	1	2	40		254		54		3	1.6	0.0	0.1	0.02	0.01
X043409	1.220	320	73	181	115	4	504		2160		148		126	4.0	0.4	0.4	0.05	0.04
X043410	0.348	3	7	20	4	3	105		296		102		9	2.3	0.0	0.2	0.02	0.01
X043411	0.014	5	2	3	7	1	315		142		405		1	3.4	0.6	4.8	0.60	0.43
X043412	0.044	5	8	4	35	1	91		288		87		4	3.7	1.4	4.8	0.65	0.38
X043413	0.135	153	23	20	109	4	283		2730		115		17	7.2	2.1	1.7	0.19	0.12
X043414	3.040	310	52	161	120	10	1285		5030		690		15	9.4	0.5	0.4	0.05	0.01
X043415	9.890	596	237	645	299	21	5740		6580		2980		115	31.0	0.4	0.3	0.07	0.01
X043416	0.092	3	1	11	8	3	334		849		1410		15	1.0	0.3	1.8	0.25	0.22
X043417	0.019	3	1	3	20	1	285		204		291		10	2.6	1.2	4.8	0.52	0.33
X043418	1.030	132	47	55	963	71	1675		6710		845		68	9.6	1.1	0.5	0.08	0.02
X043419	0.304	47	12	10	140	6	541		741		761		27	3.7	0.3	0.4	0.06	0.02
X043420	0.347	15	3	22	184	4	2150		3000		2070		12	5.3	1.7	3.3	0.38	0.16
X043421	0.134	30	2	16	96	2	636		1540		1140		8	2.1	0.4	0.8	0.08	0.03
X043422	0.032	2	0	2	11	2	243		110		214		3	0.9	0.2	5.1	0.52	0.38
X043423	0.053	3	1	5	212	5	1255		429		1880		25	5.1	1.7	4.9	0.54	0.29
X043424	0.071	31	8	7	245	5	724		2220		1810		68	8.9	1.3	1.0	0.09	0.03
X043425	0.044	9	3	14	127	8	1.42	%	507		3870		62	2.1	1.3	4.1	0.38	0.25
X043426	0.003	1	0	1	2	0	201		15		105		21	2.8	0.0	2.5	0.83	0.22
X043427	0.001	1	0	0	1	0	87		19		19		86	1.5	0.2	3.8	0.10	0.18
X043428	<0.001	0	0	0	1	0	43		39		37		6	1.8	0.0	5.4	0.18	0.31
X043429	0.512	0	12	17	47	4	2510		2.84	%	1580		6	4.9	0.7	2.6	0.44	0.34
X043430	0.225	4	2	16	31	9	2100		1.49	%	765		5	4.9	0.9	0.8	0.12	0.10
X043431	8.320	11	25	194	340	101	3050		1.06	%	514		12	7.9	1.7	0.5	0.03	0.02
X043432	35.300	43	8	119	283	28	4870		5.05	%	839		13	11.8	2.5	1.1	0.12	0.06
X043433	0.184	1	0	11	15	2	1.02	%	2470		6720		3	5.4	0.0	5.8	0.97	0.67
X043434	0.043	0	0	2	12	2	4830		1.11	%	4690		1	11.8	0.3	4.3	0.55	0.23
X043435	0.067	0	0	2	11	1	951		988		4420		2	5.3	0.0	5.5	1.02	0.52
X043436	1.625	2	4	16	32	5	235		3850		232		7	2.3	0.4	0.4	0.05	0.02
X043437	0.314	5	2	14	12	1	33		530		70		9	2.6	0.7	4.4	0.69	0.41
X043438	0.373	3	3	8	10	1	67		677		228		11	2.1	0.4	4.2	0.68	0.38
X043439	0.293	5	3	7	42	2	694		1030		868		26	3.3	0.1	0.8	0.15	0.06
X043440	0.055	4	4	11	61	2	220		478		270		29	5.0	1.1	4.7	0.34	0.14
X043441	0.026	0	1	18	4	1	110		68		214		2	1.2	0.0	0.1	0.02	0.01
X043442	0.018	0	0	3	53	2	847		269		2010		2	5.1	0.3	5.3	0.74	0.40
X043443	0.090	6	4	14	30	1	544		742		575		4	3.9	0.5	4.6	0.68	0.35
X043444	0.073	6	10	12	30	3	808		2440		248		22	4.2	1.4	3.9	0.38	0.25
X043445	0.183	4	7	44	10	3	1370		3030		120		15	3.3	0.4	0.4	0.03	0.02
X043446	0.327	20	10	43	235	13	7140		3.38	%	543		9	4.3	0.7	0.1	0.01	<0.005
X043447	0.477	47	11	79	250	21	1.31	%	9.20	%	404		7	5.8	1.4	0.1	0.01	<0.005
X043448	0.966	7	6	38	20	5	118		989		19		4	1.2	0.1	0.2	0.03	0.01
X043449	0.198	99	21	58	78	29	158		1655		79		18	2.1	0.4	0.3	0.04	0.20
X043450	0.595	510	63	226	489	58	810		3150		143		21	3.8	0.3	0.1	0.01	0.01
X043201	0.161	98	18	49	83	4	207		1265		102		12	1.4	0.4	4.5	0.30	0.21
X043202	0.042	2	1	4	21	2	388		422		658		2	3.5	0.3	4.9	0.25	0.25
X043203	0.002	0	0	0	4	2	28		33		5310		0	1.7	0.0	4.1	0.28	0.22
X043204	0.118	9	3	15	20	7	96		524		266		30	3.0	0.1	0.4	0.06	0.03
X043205	0.647	106	20	42	162	58	217		601		387		9	5.2	0.1	0.2	0.03	0.02
X043206	0.060	4	2	6	71	6	133		106		119		3	2.4	0.4	6.1	0.58	0.31
X043207	0.075	14	4	9	87	12	107		1350		104		4	3.3	0.7	4.4	0.69	0.28
X043208	0.003	0	0	1	6	2	1580		182		298		3	3.9	0.2	5.1	0.29	0.50
X043209	0.008	0	0	1	18	2	152		145		248		2	1.2	0.5	3.3	0.45	0.41
X043210	1.280	167	55	106	2710	47	4180		3.29	%	333		58	14.1	4.6	2.5	0.09	0.06
X043211	0.041	16	11	5	526	12	890		3280		1200		7	6.9	3.0	4.8	0.40	0.27
X043212	0.027	0	1	5	29	3	1170		397		961		3	4.3	0.4	5.6	0.25	0.38
X043213	0.032	1	3	6	102	3	349		1330		203		2	3.2	0.9	5.5	0.35	0.47
X043214	0.896	153	7	80	80	5	169		591		145		7	2.4	0.5	0.5	0.06	0.02
X043215	1.160	63	7	147	49	25	455		494		431		9	1.6	0.5	0.2	0.03	0.02
X043216	0.069	3	7	5	146	17	464		441		169		11	4.9	0.3	3.1	0.42	0.24
X043217	0.530	6	2	34	24	5	146		1705		83		12	2.5	0.5	0.2	0.01	0.01
X043218	0.398	61	12	89	79	10	2260		2380		1220		3	5.9	6.4	0.3	0.03	0.01
X043219	0.028	1	0	2	46	4	184		57		353		1	2.3	1.2	5.5	0.40	0.31
X043220	0.108	3	1	4	8	3	39		748		103		10	1.2	0.6	0.3	0.04	0.01
X043221	0.107	36	5	28	281	14	2470		2000		2.71	%	12	7.8	2.3	0.2	0.06	0.01
X043222	0.055	2	1	2	10	2	22		248		231		7	4.3	0.1	1.6	0.26	0.13
X043223	0.055	1	1	2	7	1	20		90		74		3	2.6	0.1	3.6	0.63	0.29
X043224	0.050	1	1	3	6	3	75		162		117		6	5.1	0.1	2.1	0.33	0.10
X043225	0.013	1	2	2	6	5	6		27		36		0	2.0	0.3	4.5	0.46	0.45
X043226	0.013	1	2	1	1	0	10		21		45		1	2.6	0.4	4.8	0.63	0.40
X043227	0.083	2	2	3	7	1	18		195		21		12	3.1	0.9	1.1	0.12	0.20
X043228	0.039	2	3	4	3	1	30		36		21		2	2.6	0.1	4.8	0.14	0.36
X043229	0.043	0	3	10	1	1	12		15		11		3	1.1	0.0	0.3	0.03	0.03
X043230	0.133	1	1	3	3	2	10		13		6		3	1.5	0.1	0.2	0.03	0.01
X043231	0.050	2	5	3	4	1	9		41		18		6	4.4	1.4	5.5	0.25	0.44
X043232	0.024	7	2	13	208	9	413		221		248		3	2.7	0.1	6.3	0.27	0.29
X043233	0.185	15	8	48	421	7	299		2020		177		4	2.2	0.3	0.2	0.01	0.01
X043234	0.035	3	12	12	392	16	702		948		352		10	3.0	0.1	0.1	0.01	<0.005
X043235	0.009	0	0	0	6	0	54		27		313		1	3.8	0.0	2.3	1.19	0.53
X043236	0.221	5	3	6	18	2	283		707		150		4	4.9	0.3	4.3	0.76	0.48
X043237	0.008	0	0	2	11	1	992		153		2510		2	6.7	0.0	3.7	0.81	0.56
X043238	0.194	6	3	12	38	1	269		656		255		6	2.5	0.9	0.5	0.08	0.03
X043239	0.117	3	2	7	36	1	308		3830		200		12	3.2	0.4	2.6	0.36	0.20
X043240	0.035	3	1	2	25	1	195		24		722		6	2.5	0.1	4.5	0.20	0.17
X043241	0.029	1	1	0	5	0	46		30		434		2	2.9	0.0	5.6	0.14	0.39
X043242	0.094	10	4	8	188	10	2850		981		4290		16	18.8	0.3	1.1	0.16	0.08
X043243	0.125	4	7	16	657	4	338		3370		325		29	4.6	1.0	1.0	0.07	0.05
X043244	2.400	510	140	357	9620	42	2860		4.21	%	336		20	10.6	3.6	1.4	0.01	0.02
X043245	3.020	34	103	189	2420	313	4120		1.93	%	429		18	3.7	0.6	1.4	0.23	0.11
X043246	0.071	44	25	25	2030	112	1590		757		667		10	11.8	0.4	2.6	0.37	0.23
X043247	0.186	2	3	19	758	168	173		4470		208		4	3.4	1.0	4.0	0.57	0.30
X043248	0.556	30	24	97	1315	60	3580		9850		368		10	6.3	0.4	0.4	0.07	0.03
X043249	0.062	48	33	31	114	5	96		456		45		11	3.3	0.7	2.0	0.29	0.14
X043250	0.063	12	3	33	98	5	185		571		142		11	2.7	0.1	1.2	0.21	0.11
X043251	0.016	0	0	0	7	1	42		28		147		6	3.5	0.0	3.4	1.01	0.50
X043252	0.012	1	1	1	11	1	108		56		2310		0	4.1	0.9	3.9	1.32	0.54
X043253	0.236	4	5	31	2070	199	7060		2.61	%	2.84	%	2	1.6	3.3	0.1	0.01	0.01
X043254	0.039	2	1	5	35	3	242		819		360		6	1.9	0.4	4.3	0.44	0.46
X043255	0.074	16	12	5	34	1	643		1675		456		10	6.6	2.0	4.5	0.40	0.39
X043256	2.450	93	65	236	1480	91	4090		1.83	%	397		4	2.0	0.9	0.1	0.01	0.01

Source: Pershing Resources Company, Inc.

Released June 20, 2018