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Toronto, Ontario - March 5^th, 2012 - PC Gold Inc. (TSX:PKL) (FRANKFURT:AJ2) ("PC Gold" or the "Company") is pleased to report preliminary results from the 2012 winter drill program, which has intersected additional high-grade mineralization in the newly identified No. 22 Vein (444.38 g/t over 1.50 m, see January 11^th, 2012 news release) located in the Shaft 3 area of its 100% owned Pickle Crow property. The initial phase of the winter drilling program has intersected the No. 22 vein in five of six holes; four holes have encountered visible gold and one hole (PC-12-253) has abundant fine-grained visible gold and returned 137.19 g/t gold over 1.00 m (4.00 oz/ton over 3.3 ft). Assays are pending for the remaining five holes.

The No. 22 vein and other shallow high-grade veins in the Shaft 3 area are likely, with further drilling, to contribute additional resources to the Pickle Crow Mine which currently hosts a 1.26 million ounce NI 43-101 inferred gold resource* (10,150,000 tonnes averaging 3.9 g/t gold, cut, diluted and constrained). This includes a higher grade underground component comprising 1.1 million ounces averaging 5.4 g/t gold, including a high grade vein component of 600,000 ounces averaging 9.3 g/t gold, which the Company is focused on proving up.

Highlights:

137.19 g/t gold over 1.00 m (4.00 oz/ton over 3.3 ft) from 24.70 to 25.70 m in hole PC-11-253.

No. 22 Vein intersected in 5 of 6 initial holes drilled to date in the winter program with 4 returning visible gold. Assay results for the remaining 5 holes are expected later this month.

Note: Reported widths are drilled core lengths; true widths are unknown at this time.All assays are performed by Accurassay Laboratories of Thunder Bay, Ontario. All assays reported are uncut. Reported widths are drilled core lengths, true widths are unknown at this time.

Commenting on the results, JP Chauvin, President and CEO said: "We continue to be impressed by the drill results from the No. 22 vein area. It is a rare opportunity to have such prospective ground at surface 400m from the mine workings that has seen so little historical exploration".

The No. 22 vein and other nearby gold-bearing veins located south of the No. 3 Shaft are hosted within volcanic and gabbroic rocks of the Confederation Assemblage, which traditionally were not thought to host Pickle Crow type veins, and therefore have experienced little exploration. The No. 22 Vein may represent the up dip projection of the high-grade No. 8 vein structure (mined from the 2850 to 2350 foot level). The winter drill program will continue to focus on these veins at shallow depths.

Maps and photographs of the vein intercepts discussed in this news release can be viewed on the Company's website at: http://www.pcgold.ca/pr5mar2012/ .

over 12 years ago

great news

United Silver Corp

United Silver Corporation Announces Four-Year Exploration and Development Plan for the Crescent Mine, Coeur d'Alene Silver Belt, Idaho.

http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0769527001&sourceType=1http://www.ccnmatthews.com/logos

over 12 years ago

news today

PC Gold

Toronto, Ontario - February 27, 2012 - PC Gold Inc. (TSX: PKL and Frankfurt: AJ2)("PC Gold" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing through the issuance of 4,102,812 units (the "Units") at a price of $0.32 per Unit for total gross proceeds to the Company of $1,312,899 (the "Offering"). Each Unit is comprised of one common share of PC Gold (a "Unit Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share of PC Gold at a price of $0.50 per share until February 24, 2014,except that if over a period of 20 consecutive trading days following June 25, 2012, the closing price of the Company's common shares on the TSX exceeds $0.90 on each of those days, the Company has the right to give notice in writing to the holders of Warrants within 30 days of such an occurrence that the Warrants shall expire at 4:00 p.m. (Toronto time) on the 30^th day following the giving of such notice unless exercised by the holders thereof prior to such date.

Canaccord Genuity Corp. ("Canaccord") acted as a finder in connection with the Offering and received a cash commission equal to 9.0% of the total gross proceeds from the Offering and was issued an aggregate of 287,196 broker warrants, each of which is exercisable to purchase one common share of PC Gold at a price of $0.32 per share until February 24, 2014.

The Unit Shares and Warrants are subject to a hold period that will expire on June 25, 2012. The Offering remains subject to the final approval of the TSX.

The funds raised from the Offering will be used for working capital and general corporate purposes.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Exploration Update for Newly Identified Shallow No. 22 Vein

A 1600 m drilling program started last week at PC Gold's 100% owned Pickle Crow Gold Mine property in NW Ontario. The current program is designed to follow-up the recently announced high-grade intercepts in the No. 22 Vein, located 400 meters south of the No. 3 Shaft, which returned 444.38 g/t (12.96 oz/ton) over 1.50 metres at a depth of 24 metres below surface (see January 11, 2012 press release). To date four holes have been drilled, all successfully intersected the No. 22 Vein with 3 of the 4 holes returning visible gold. Preliminary assay results are expected in early March.

JP Chauvin, President and CEO, commented "I am very pleased to see the restart of exploration in the Shaft 3 area. This area of the property has historically had the greatest number of gold bearing veins and our recent exploration focus continues to add to this tally."

Pictures of the drill mobilization and a drill plan map are available on the Company's website at: http://www.pcgold.ca/pr27feb2012/.

Upcoming Events

PC Gold is attending the PDAC 2012 Conference in Toronto, Canada from March 4 to 7 (booth #2500 in the Investors Exchange). The Company's management team will be available to meet with investors at the booth.

For more information please contact:

PC Gold Inc.

JP Chauvin, P. Eng.

President and CEO

Tel: +1-416-867-8567

jpchauvin@pcgold.ca

over 12 years ago

its finally here 43-101

PC Gold

PC Gold Announces Initial 1.26 Million Ounce Gold Resource for Pickle Crow - Marketwire

looking good, cheers everyone

over 13 years ago

Pending resource estimate

PC Gold

I have been getting frustrated recently with the lack of drill results from PC Gold. This morning I went on their website to try to find a reason why and I think I found it. I found the presentation from PDAC, it is a well put together presentation. I went though the entire presentation and found in a few different places that they mentioned that a resource estimate was pending near term, from this I presume we should see an estimate anytime. A good resource estimate should really get this stock price moving up. If my memory is correct when a company is having a resource estimate prepared they usually hold any drill results until this process is complete, as any new results would not be included in estimate. I think I,m correct on this, if anyone has any facts on this subject please share.

Cheers Bossy Jason

over 13 years ago

Re: PDAC--next Assays

PC Gold

I'm not sure why you posted this news clip but I just want to clarify so people don't get the wrong idea as I did at first, but this news is a year old and I think this needs to be pointed out.

over 13 years ago

bossyjason

City

the hammer

Rank

USC

Exchange:

TSX

FD 99.4M Sep...

Industry:

Metals & Minerals

Website:

unitedsilvercorp.com/...

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