Mississauga, ON -- (SBWIRE) -- 03/03/2015 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Pinecrest Resources Ltd. (TSX-Venture:PCR).
Pinecrest Resources Ltd. is a British Columbia corporation that is based in Vancouver, B.C. The Company engages principally in the acquisition, advancement and development of precious mineral properties and the Company intends to advance and develop the Company's 100% owned Enchi gold project located in South West Ghana. Major shareholders of the Company include; Red Back Mining Ghana Ltd. (wholly owned subsidiary of Kinross Gold Corp.), Sandstorm Gold Ltd. and Management.
Pinecrest Resources' Enchi Gold project is located on the Bibiani Shear Zone, which is host to two 5-million-plus ounce deposits, including the Chirano Mine of mining giant Kinross Gold. In 2014, gold equivalent production had a cost of sale of only US$591/ounce.
Kinross Gold has a 19.9% equity interests in Pinecrest Resources and Sandstorm Gold has an 18.2% equity interest in Pinecrest.
A complete PCR profile can be viewed at:
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Note: AllPennyStocks.com has been compensated four thousand six hundred eighty dollars for its efforts in presenting the PCR profile on its web site and distributing it to its database of subscribers as well as other services. A full disclaimer on PCR can be found at: http://www.allpennystocks.com/aps_ca/company_spotlights/archives/pcr.asp