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Premier Gold Mines Ltd.
Summary
| Project: | McCoy-Cove | |
|---|---|---|
| Deposit: | McCoy-Cove | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 4/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 12-4-2017: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its McCoy-Cove deposit at the McCoy-Cove project. Drilling results incl. 5.9m @ 29.52g/t Au from 629.3m. PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG | |
| Resources: | (Resource): 614kt @ 11.57g/t Au (Ind.) and 3.378Mt @ 12.17g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG) is pleased to provide recent drill results from the Company's 100%-owned McCoyCove Property, located 32 miles south of Battle Mountain in Lander County, Nevada. The ongoing drill program continues to expand and delineate the primary Helen and CSD Gap Zones as well as test highly prospective targets near and along the Cove trend. Premier announced on March 21, 2017 a resource estimate for McCoy-Cove, completed by RPA Inc. of Toronto, Ontario with total Indicated Mineral Resources of 614,000 tonnes grading 11.57 g/t Au (228,000 ounces of gold) and Inferred Resources of 3,378,000 tonnes grading 12.17 g/t Au (1,322,000 ounces of gold) contained within Helen, CSD Gap, CSD and 2201 Zones. This drill program is part of the Company's 2017 US$13.4M exploration and development budget at McCoy-Cove that also includes hydrological and metallurgical test work as part of a Preliminary Economic Assessment (PEA) that is expected to be completed in H2-2017. The positive drill results from this program are expected to warrant the initiation of an underground drill program that may begin in Q1 2018 once access has been established. "Drilling continues to improve our understanding of the McCoy-Cove deposit and demonstrates the potential to expand the resource in the vicinity of the main resource areas and in the other new target horizons on the property," commented Nevada Exploration Manager Chad Peters on the Company's CSuite Blog. "Our work at McCoy-Cove has resulted in the delineation of a new high-grade deposit in Nevada." | |
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