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Premier Gold Mines Ltd.
Summary
| Project: | Hasaga | |
|---|---|---|
| Deposit: | Hasaga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-8-2017: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Hasaga deposit at the Hasaga project. Drilling results incl. 181.0m @ 1.21g/t Au from 1031.0m. THUNDER BAY,ON, Aug. 30, 2017 /CNW/ - Premier Gold Mines Limited (TSX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY,ON, Aug. 30, 2017 /CNW/ - Premier Gold Mines Limited (TSX-PG) is pleased to provide an update on the 2017 drilling program at the Company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. The program is targeting potential higher grade mineralization along the Hasaga Porphyry trend at depth, proximal to historic results and includes wedged holes from historic drill sites. A comprehensive table of assay highlights from the 2017 Hasaga Deep drill program is summarized in Table 1. All abbreviations used in this press release are available by following this link (click here). The Hasaga Porphyry (See Figure 1) is host to the past-producing Hasaga, Buffalo and Howie 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. In January, Premier confirmed the multi-million ounce potential of the shallower target areas. The 2017 program is primarily focused on testing the potential for deeper higher grade mineralization in the Hasaga porphyry. Historic drill holes with positive results, HRL-88-02, HRL-88-03 and HRL96-02 completed by earlier operators were never adequately followed up. These historic results and the Premier high grade intercept in hole HMP151 (see press release dated March 1, 2017) may represent mineralization characteristic of the C-Zone at the Hasaga Mine that occurs down-plunge of the historic mined area. If the current program can confirm lateral continuity and scale to the C-Zone discovery, it may have the potential to become a bulk mineable underground opportunity that would complement the open pit resource delineated in the 2015-16 drill programs. | |
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