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Premier Gold Mines Ltd.
Summary
| Project: | Hasaga | |
|---|---|---|
| Deposit: | Hasaga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Hasaga deposit at the Hasaga project. Drilling results incl. 50m @ 9.19g/t Au from 875m. THUNDER BAY, ON, Dec. 12, 2017 /CNW/ - Premier Gold Mines Limited (TSX-PG) | |
| Resources: | (Resource): 42.294Mt @ 0.83g/t Au (Ind.) and 25.143Mt @ 0.78g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Dec. 12, 2017 /CNW/ - Premier Gold Mines Limited (TSX-PG) is pleased to provide a summary of results from the 2017 exploration program at the Company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. This program is targeting potential higher-grade gold mineralization along the Hasaga Deep Target trend at depth, proximal to historic results and includes new wedged holes from historic drill sites. The Hasaga Property is host to the past-producing Hasaga and Buffalo and Goldshore Mines and is being evaluated for both lower grade, open-pit potential as well as higher grade mineralization that may occur at depth. Premier considers Hasaga to have similar exploration potential to other historic mining camps in Ontario, where gold resources have been discovered at the site of past-producing mines. The 2017 exploration program was focused on testing the potential for deeper, higher-grade mineralization in the Hasaga porphyry, which occurs along a two-kilometre corridor between the Hasaga and Buffalo mines and is proximal to a major regional unconformity that separates the Balmer and Confederation-aged rock assemblages. This unconformity is an important component thought critical to the formation of the world class gold deposits in Red Lake currently being mined by Goldcorp Inc. | |
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