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Premier Gold Mines Ltd.
Summary
| Project: | Hasaga | |
|---|---|---|
| Deposit: | Buffalo | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-9-2016: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Buffalo deposit at the Hasaga project. Drilling results incl. 67.0m @ 3.66g/t Au from 170.0m. THUNDER BAY, ON, Sept. 19, 2016 /CNW/ - Premier Gold MinesLimited (TSX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Sept. 19, 2016 /CNW/ - Premier Gold MinesLimited (TSX-PG) is pleased to provide an update of assays from the summer surface drilling program on the Company's 100%-owned Hasaga Project (Buffalo target) in the Red Lake gold mining district of Northwestern Ontario. These exceptional results support Premier's confidence in continued exploration at the Buffalo target in 2016. The Hasaga Property is Premier's largest exploration program being conducted in Canada in 2016. The 50,000 metre drilling campaign and $7.0 million overall project budget comes on the heels of more than 60,000 metres of drilling that was conducted in 2015. To date, some 45,000 metres of drilling has been completed in 2016. The Hasaga Property is host to the past-producing Hasaga, Buffalo and Gold Shore Mines and is being evaluated for both lower grade open-pit mineable potential as well as higher grade mineralization that may occur at depth (See Figures 1 and 2). Premier regards the Hasaga Property as having exploration potential similar to the company's Hardrock Project, where a multi-million ounce gold resource exists at the site of a past-producing underground mine. Open pit mining has not made a significant contribution to the Red Lake area's past production. Premier believes this is an opportunity that has largely been overlooked. "The initial results at Buffalo have given us confidence to extent the drilling program" commented Stephen McGibbon, Executive Vice-President at Premier Gold Mines on the Company's C-Suite Blog (http://www.premiergoldmines.com/news/c-suite-blog). "A limited number of well-placed holes will help validate the historic drilling results and further assess exploration potential at this target area." | |
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