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Premier Gold Mines Ltd.
Summary
| Project: | South Arturo | |
|---|---|---|
| Deposit: | South Arturo | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 5/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-5-2018: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its South Arturo deposit at the South Arturo project. JV - Drilling results incl. 68.6m @ 15.91g/t Au from 15.24m. THUNDER BAY, ON, May 1, 2018 /CNW/ - Premier Gold Mine | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, May 1, 2018 /CNW/ - Premier Gold Mines Limited ("Premier" or "the Company") is pleased to provide an update of active exploration and development programs at the South Arturo Mine, located in the Carlin Trend of Nevada. Highlights include the development of two new deposits planned in 2018, along with multiple high-grade in-fill drill results from these deposits as highlighted below. ("Barrick"). Barrick is the operator and processes ore from South Arturo at their Goldstrike facility located 5 kilometres to the south. Processing of stockpiled ore from the Phase 2 pit has been accelerated in 2018 with gold production for the year having already exceeded annual guidance of 5,000 to 10,000 ounces. In addition to processing of stockpiled ore, efforts have shifted towards further exploration on the greater property package and the development of two new mining operations on the property beginning in 2018; the Phase 1 open pit and the El Nino underground mine. "This project continues to deliver positive results and these high grade intercepts are some of the best the company has ever achieved," stated Ewan Downie, President & CEO. "Results-to-date support our belief that this joint venture, made up of several deposits in the heart of the Carlin Trend, will continue to provide a solid operational future. Premier has already realized a significant return on our investment with no dilution to our shareholders on upcoming phases of development. These deposits remain open for expansion and we expect South Arturo to remain a critical component of the Premier's production profile". | |
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