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Premier Gold Mines Ltd.
Summary
| Project: | McCoy-Cove | |
|---|---|---|
| Deposit: | McCoy-Cove | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 3/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 21-3-2017: Premier Gold Mines Ltd. announces a Resource Estimation report for its McCoy-Cove deposit at the McCoy-Cove project. Updated Mineral Resource Estimate for McCoy-Cove. Roscoe Postle Associates Inc. (RPA) was retained by Premier Gold Mines Limite | |
| Resources: | (Resource): 614kt @ 11.57g/t Au (Ind.) and 3.378Mt @ 12.17g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Tudorel Ciuculescu (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Premier Gold Mines Limited (Premier) to prepare a Technical Report on Premier’s McCoy-Cove Project (the Project), which is located in the McCoy Mining District of Nevada, USA. In June 2012, Premier entered into an agreement to purchase the Project from Victoria Gold Corp. (Victoria). Since 2012, Premier has drilled a significant number of diamond drill holes from surface. The purpose of this Technical Report is to support the public disclosure of an updated Mineral Resource estimate for the Project. The Project is located in the McCoy Mining District. The Cove-Helen deposit has been delineated beneath the historically mined Cove open pit and underground mining area and currently extends approximately 2,000 ft northwest of the pit. Four distinct mineralized zones were defined: Helen, CSD Gap and CSD zones with Carlin-style mineralization, and 2201- VG zone with polymetallic sheeted vein mineralization. The estimate was supported by a block model constrained with mineralized wireframes capturing mineralized intercepts with nominal grades above 5.6 g/t Au over a minimum thickness of 8 ft, with occasional lower grade intercepts preserved for mineralized lens continuity. Erratic higher grade samples were capped at 60 g/t Au prior to compositing to full intercept length. Block gold grade was estimated using an inverse distance to the power four (ID4) interpolation method. The current resource estimate represents a marked increase in Indicated and Inferred resources compared to the 2013 estimate. This was achieved by expansion of previously known mineralization through infill and step-out drilling, and delineation of new mineralized zones through exploration drilling. | |
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