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Premier Gold Mines Ltd.
Summary
| Project: | Mercedes Mine | |
|---|---|---|
| Deposit: | Lupita Extension, Neo | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 10/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-10-2019: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Lupita Extension, Neo deposit at the Mercedes Mine project. Drilling results incl. 3.1m @ 13.65g/t Au, 80.01g/t Ag from 281.6m. THUNDER BAY, ON, Oct. 2, 2019 /CNW/ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Julie-Anais Debre (Not stated) | |
| ABSTRACT: | THUNDER BAY, ON, Oct. 2, 2019 /CNW/ - Premier Gold Mines Limited (TSX: PG) (OTCPK: PIRGF) ("Premier", "the Company") is pleased to announce an update on its 42,000 m core drilling program at the Company's 100%-owned Mercedes Mine, located in the State of Sonora, Mexico. The 2019 drilling campaign is currently focused on delineating new mineral resources in the Lupita Extension, while exploration is still testing potential at Neo (Figure 1). "Our Lupita Extension drilling is returning intercepts well in excess of average production grades," commented Stephen McGibbon, Executive Vice-President. "Early results from the San Martin/Neo target area suggest that our 2020 campaign will confirm the potential for significant resource expansion as well". The Phase 2 infill program at Lupita Extension continues to increase potential resource mineralization by demonstrating the continuity of the vein to the west. Figure 1 presents the evolution of the grade thickness map from the beginning of 2019 to today. New results are enlarging the high-grade zones, as well as defining its limit, which will guide the focus of future drilling. Drilling will delineate the mineralized footprint discovered in 2019 with a 30 m x 30 m grid over the area. In August and September, a total of 34 drill holes, representing 5,855 m of drilling, were completed. An additional 12 drill holes assay results are pending. | |
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