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Premier Gold Mines Ltd.
Summary
| Project: | Hasaga | |
|---|---|---|
| Deposit: | Hasaga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-3-2017: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Hasaga deposit at the Hasaga project. Drilling results incl. 54.0m @ 10.94g/t Au from 771.0m. THUNDER BAY, ON, March 1, 2017 /CNW/ - Premier Gold Mines Limited (TSX- | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, March 1, 2017 /CNW/ - Premier Gold Mines Limited (TSX-PG) is pleased to provide initial assay results from the first drill hole on the 2017 surface drilling program at the Company's 100%-owned Hasaga Project (the Property) in the Red Lake gold mining district of Northwestern Ontario. Drilling on the program is targeting the potential for higher grade mineralization along the Hasaga Porphyry trend at depth, proximal to historic results. The Hasaga Property was Premier's largest exploration program in 2016 and is budgeted to spend a further $3 million to $4 million in 2017. Premier will showcase portions of this drill intercept in the "Core Shack", (booth 3105A) at the upcoming Prospector's and Developer's Convention (PDAC) in Toronto that begins on March 5, 2017. All abbreviations used in this press release are available by following this link (click here). The Hasaga Zone (See Figure 1) is host to the past-producing Hasaga, Buffalo and Howie Mines and is being evaluated for both its lower grade, open-pit mineable potential as well as higher grade mineralization that may occur at depth. Premier regards the Hasaga Property as having exploration potential similar to other historic mining camps in Ontario, where gold resources have been discovered at the site of a past-producing mines. In January, Premier confirmed the multi-million ounce potential of the shallower target areas. | |
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