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Premier Gold Mines Ltd.
Summary
| Project: | Hasaga | |
|---|---|---|
| Deposit: | Hasaga | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-6-2016: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Hasaga deposit at the Hasaga project. Drilling results incl. 193.0m @ 1.04g/t Au from 26.0m. THUNDER BAY, ON, June 8, 2016 /CNW/ - Premier Gold MinesLimited (TSX-PG) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, June 8, 2016 /CNW/ - Premier Gold MinesLimited (TSX-PG) is pleased to provide remaining assays from the winter surface drilling program on the Company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. Drilling has continued to extend and in-fill near surface mineralization in key target areas. The Hasaga Property is Premier's largest exploration program being conducted in Canada in 2016. The 50,000 metre drilling campaign and $7 million overall project budget comes on the heels of more than 60,000 metres of drilling that was conducted in 2015. The Hasaga Property is host to the past-producing Hasaga, Buffalo and Gold Shore 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 (See Figure 1). Premier regards the Hasaga Property as having exploration potential similar to the company's Hardrock Project, where a multi-million ounce gold resource exists at the site of a past-producing underground mine. Open pit mining has not made a significant contribution to the Red Lake area's past production. Premier believes this is an opportunity that has largely been overlooked. | |
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