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Premier Gold Mines Ltd.
Summary
| Project: | South Arturo | |
|---|---|---|
| Deposit: | South Arturo | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 2/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-2-2018: Premier Gold Mines Ltd. announces a Resource Estimation report for its South Arturo deposit at the South Arturo project. JV with Barrick Gold - Reserve and Resource increase at South Arturo. THUNDER BAY, ON, Feb. 26, 2018 /CNW/ - PREMIER GOLD M | |
| Resources: | (Reserve, P+P): 2.18Mt @ 13.60g/t Ag for 1.115Moz contained at project | |
| CP/QP: | [Resources]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Feb. 26, 2018 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG) is pleased to provide an update of the Company's mineral reserves and mineral resources (MRMR) effective December 31, 2017 at the Company's 40%-owned South Arturo Mine located in the Carlin Trend of Nevada. Results support an organic growth in MRMR through successful exploration and technical de-risking of the Phase 1 and Phase 3 open pit projects as well as the El Nino underground project. The South Arturo Mine is a joint venture between Premier and Barrick Gold Corporation's wholly-owned subsidiary of Barrick Gold Exploration Inc. ("Barrick"). Barrick is the operator and processes ore from South Arturo at its Goldstrike facility located approximately 5 kilometres to the south. Premier purchased its interest in the South Arturo property in mid-2015 and production commenced in August 1, 2016. Initially, the property hosted a mineral reserve within the Phase 2 open pit of 155,000 ounces attributable to Premier. Mined production (contained ounces) was more than 190,000 ounces. Premier estimates that some 30,000 ounces currently remain stockpiled (ARSO and/or roaster) at Goldstrike, of which 5,000 and 10,000 ounces reside in the 2018 production guidance. Final production at Phase 2 represents a 23% increase above the initial reserve estimate. | |
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