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Premier Gold Mines Ltd.
Summary
| Project: | Hasaga | |
|---|---|---|
| Deposit: | Central, Buffalo | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2016: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Central, Buffalo deposit at the Hasaga project. Drilling results incl. 46.0m @ 2.87g/t Au from 185.0m. THUNDER BAY, ON, Dec. 20, 2016 /CNW/ - Premier Gold MinesLim | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Dec. 20, 2016 /CNW/ - Premier Gold MinesLimited (TSX-PG) is pleased to provide results from the remainder of the 2016 surface drilling program and metallurgical test work completed on the Company's 100%-owned Hasaga Project (the Property) in the Red Lake gold mining district of Northwestern Ontario. The program was primarily focused on the in-fill drilling of near surface mineralization in key target areas in advance of a maiden mineral resource estimate that is expected to be released early in Q1 2017. Premier's largest 2016 exploration program was completed at Hasaga that included 50,000 metres of drilling. The resource estimate that will focus on the open pit potential of the Hasaga, Central and Buffalo Zones will also include an additional 60,000 metres of drilling that was completed in 2015. The Hasaga Property (See Figure 1) is host to the past-producing Hasaga, Buffalo and Gold Shore Mines and is being evaluated for the potential for both lower grade open-pit mining scenarios and higher grade mineralization that may occur at depth. Premier regards Hasaga as having exploration potential similar to other historic mining camps in Ontario, where gold resources have been discovered at the site of past-producing mines. Open pit mining has not made a significant contribution to the Red Lake area's past production however, Premier believes this is an opportunity that has largely been overlooked. "Having acquired the majority of the Hasaga land package through an exchange of some non-core assets, the drilling has been able to demonstrate a significant increase in value from organic growth in our portfolio," commented Stephen McGibbon, Premier's Executive Vice-President on the Company's C-Suite Blog (http://www.premiergoldmines.com/news/c-suite-blog). "These final drill results are the culmination of an aggressive two year exploration campaign at Hasaga and the maiden mineral resource estimate is expected to reflect some of that value addition." | |
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