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Premier Gold Mines Ltd.
Summary
| Project: | McCoy-Cove | |
|---|---|---|
| Deposit: | CSD Gap | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 11/10/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-11-2016: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its CSD Gap deposit at the McCoy-Cove project. Drilling results incl. 12.0m @ 28.64g/t Au, 7.37g/t Ag from 599.7m. THUNDER BAY, ON, Nov. 10, 2016 /CNW/ - PREMIERGOLD M | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Nov. 10, 2016 /CNW/ - PREMIERGOLD MINES LIMITED (TSX:PG) ("Premier", "the Company") is pleased to announce additional positive drill results that indicate further extension of the high grade CSDGap zone at the Company's 100%-owned McCoy-Cove Gold Project, situated along the Battle Mountain-Eureka Trend in Nevada. The results from the ongoing 15,000 metre drill program listed in this release all occur between the Helen Zone and the historic Cove South Deep (CSD) underground zone, and continue to exhibit high-grade mineralization over substantial widths. The focus of the ongoing drill program is to delineate and expand the zone of the Carlin-style gold and silver system within the CSDGap, as shown in Figure 1 and Table 1 below. Results from drill-hole PG16-12, a 100m step-out along strike from hole PG16-10 extends high grade mineralization towards the Helen Zone and remains open for expansion along strike to the northwest. Upon completion of the program Premier plans to commence a property-wide mineral resource estimate and a Preliminary Economic Assessment. "The 2016 exploration program continues to exceed expectations with PG16-16 further closing the gap with the Helen Zone to the northwest" stated Chad Peters, Nevada Exploration Manager for Premier on the Company's C-Suite Blog (http://www.premiergoldmines.com/news/c-suite-blog). "We currently have four rigs mobilized at McCoy-Cove with the remainder of 2016 focusing on select Helen and CSDGap infill and expansion drilling to support the upcoming Q1 2017 resource estimate." The Cove geologic model proposes that the most robust gold and silver mineralization in the Helen deposit, the CSD gap and the 2201 Zones are closely associated with the deep-seated Cove thrust fault and altered mafic sills that acted as both primary structural controls and fluid conduits. | |
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