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Premier Gold Mines Ltd.
Summary
| Project: | South Arturo | |
|---|---|---|
| Deposit: | South Arturo | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 10/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-10-2019: Premier Gold Mines Ltd. announces an Exploration/Drilling Update report for its South Arturo deposit at the South Arturo project. Drilling results incl. 112.8m @ 7.29g/t Au from 242.3m. THUNDER BAY, ON, Oct. 28, 2019 /CNW/ - PREMIER GOLD MINES | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stephen McGibbon (Internal) | |
| ABSTRACT: | THUNDER BAY, ON, Oct. 28, 2019 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG) (OTCPK: PIRGF) ("Premier", "the Company") is pleased to announce commercial production has been achieved, ahead of schedule, at the El Niño underground mine, the Company's 40%-owned South Arturo Property located in the Carlin Trend of Nevada. Also, new definition and step-out drilling results from the ongoing 2019 campaign are showing better outcomes than projected. Initial production supports this and emphasizes the continued opportunity to expand high-grade mineralization on the property. The South Arturo Mine is a joint venture between Premier and Nevada Gold Mines LLC, a joint venture between Newmont-Goldcorp and Barrick Gold Exploration Inc. ("Barrick") operated by Barrick. Production at El Niño has commenced ahead of schedule and on budget, with high-grade ore now being processed at the Goldstrike facility located 8 km to the south. Based on current projections, overall gold production from South Arturo is anticipated to surpass expectations, which called solely for pre-production ore, for the year. Development of the Phase 1 pit is ongoing. In 2019, multiple drill programs are being completed including in-fill and step-out drilling from the underground drill stations at the El Niño mine, geotechnical drilling at the proposed Phase 3 pit project, and drilling at the East Dee target. | |
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