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Premier Gold Mines Ltd.
Summary
| Project: | Mercedes Mine | |
|---|---|---|
| Deposit: | Mercedes Mine | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 8/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 2-8-2018: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its Mercedes Mine deposit at the Mercedes Mine project. Drilling result incl. 21.95m@ 36.65g/t Au, 171.30g/t Ag from 89.15m. THUNDER BAY, ON, Aug. 2, 2018 /CNW/ - PREMIE | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Aug. 2, 2018 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG) is pleased to provide an exploration update, including the confirmation of high grade extensions, at the Company's 100%-owned Mercedes Mine, located in the State of Sonora, Mexico. The ongoing 40,000 metre surface and underground drill programs include definition and expansion of the main gold bearing horizons and testing new zones on the property. Underground drilling at the Rey de Oro deposit, one of several zones being brought into production this year, has confirmed the extension of a high-grade vein system that exhibits some of the best widths drilled to date. Recent highlights include "These high grade results and good widths are similar to our success at the Aida vein zone intersected earlier this year and confirms our belief that substantial potential exists to expand the mine life at Mercedes" stated Charlie Ronkos, Executive Vice-President of Premier. "These initial intercepts suggest a zone with grades well in excess of the current reserve grade at Mercedes". Rey de Oro Additional drills are being mobilized to Rey de Oro in order to continue step-out and delineation drilling of this vein extension. These results include some of the widest vein intercepts on the property and are located proximal to recently constructed underground mine workings (see Figure 1 below). | |
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