Premier Gold Mines
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09.08.2008 | 8:15 Uhr | Rainer Hahn (EMFIS)
RTE Stuttgart - (www.rohstoffe-go.de) - Seit über 100 Jahren war Südafrika der weltweit größte Goldproduzent. Im letzten Jahr löste Australien mit einer Jahresproduktion von 280 Tonnen das Land am Kap der guten Hoffnung ab. Auch China mit einer Jahresproduktion von 276 Tonnen hat Südafrika (270 Tonnen) zwischenzeitlich überholt.
Der Trend zu einer fallenden Goldproduktion setzte in Südafrika schon Ende der 90er Jahre ein. Laut Regierungsangaben kam es nun im Juni 2008 zu einem Rückgang um 12,3% im Vergleich zum Vorjahr. Insgesamt fiel die gesamte Minenproduktion in Südafrika im zweiten Quartal 2008 um 4,5% im Vergleich zum Vorjahresquartal.
Der Trend zu einem niedrigeren Ausstoß setzt sich damit weiter fort. Im Mai dieses Jahres kam es bereits zu einem zweistelligen Rückgang der Goldproduktion um 11,6%. Die Unternehmen vor Ort kämpfen mit höheren Kosten und Energieengpässen. Zusätzlich müssen die Konzerne immer tiefer gehen, um das kostbare Edelmetall zu fördern.
Wed Aug 13, 9:32 AM
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82.91g/t gold (2.42 oz/ton) across 1.5 metres
Shares Issued: 69,198,742
THUNDER BAY, ON, Aug. 13 /CNW/ - PREMIER GOLD MINES LTD (TSX: PG.TO) is pleased to announce new partial assay results at the Santa Teresa Project located in the historic and high grade El Alamo District of Baja California Norte, Mexico. These results are from the first hole drilled to test a second prospective horizon on the Property, resulting in the discovery of a second high-grade horizon that has the potential to host significant gold and is the first hole ever drilled to test this area. Historical mine workings (pre-1900's) located several hundred metres along strike on the newly acquired Victoria claim are potentially located on the same horizon, suggesting significant expansion potential. Premier expects to report the remainder of its recent drilling results in the near future.
Hole ST006 returned 82.91 g/t gold (2.42 oz/ton) from 173.80 metres to 175.30 metres. This interval is characterized by grey quartz veining, bands of pyrite, pyrrhotite and sphalerite mineralization as well as visible gold. Premier regards the results from this intercept as significant for the following reasons:
- It represents a vein occurrence not previously identified in the
historic record on the property.
- It supports the belief that high grade mineralization occurs in
multiple vein systems within a much wider structural corridor.
- It increases the strike length of the mineralized system at Santa
Teresa to approximately 400 metres and occurs nearly 500 metres from
the past-producing Princessa Mine.
Hole ST006 was drilled approximately 200 metres southeast of the Princessa
structure which to-date has been the focus of drilling and has returned
numerous high-grade gold intercepts. Highlights from drilling the Princessa
horizon include the following:
- Hole ST001 - 26.19 g/t Au (0.76 oz/ton) across 1.2 metres
- Hole ST005 - 479.31 g/t Au (13.98 oz/ton) across 2.0 metres
- Hole ST008 - 39.41 g/t Au (1.15 oz/ton) across 1.0 metres
- Hole ST013 - 125.91 g/t Au (3.68 oz/ton) across 1.0 metres
Mineralization remains open to the southeast on the Santa Teresa Concession in several veins as well as at depth. To date, a total of 5,230 metres have been drilled in 21 holes in the Phase One program and numerous assays remain pending. The joint venture has recently approved the completion of a further 2,020 metres in nine new holes and two hole extensions. These are expected to be completed by early October.
"Drilling suggests a very robust vein system across multiple horizons", stated Ewan Downie, President of Premier. "The narrow vein, extremely high-grade gold system at Santa Teresa has similarities to some of the world's prolific high-grade producing districts such as the Red Lake gold camp".
The Santa Teresa Project is located adjacent to and on strike from the past-producing Princessa Mine (the district's largest gold producer with an average production grade of more than one ounce per ton), which was mined to a maximum depth of only 110 metres, and whose orebody was known to extend close to the northern boundary of the Santa Teresa Property.
Gold production at El Alamo, a 16-kilometre long district, was halted at its peak owing to technological and political circumstances early in the 20th century. Since then, only minimal exploration has taken place, presenting a unique opportunity for Premier and its joint venture partner Sutter Gold Mines Inc. (TSX-V: SGM.V).
Stephen McGibbon, P.Geo., Executive Vice-President and Chief Operating Officer of Premier, is the qualified person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. A stringent QAQC program utilizing blanks, standards and replicates has been developed by Mark Payne, Consulting Geologist, for the STC joint venture. All sample prep and analysis is being conducted by American Assay Laboratories Inc. of Sparks, Nevada utilizing conventional 1 assay-ton fire assay and 500-gram screen metallic methods.
Premier Gold Mines Limited is a fully financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. A strategic project is also located on the main Musselwhite Gold Mine trend.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contacts
Ewan Downie
President & CEO
Phone: (807) 346-1390
Fax: (807) 346-0100
E-mail: info@premiergoldmines.com
Web Site: http://www.premiergoldmines.com
Mon Sep 8, 9:19 AM
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Shares Issued: 69,198,742
THUNDER BAY, ON, Sept. 8 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG.TO) is pleased to announce that drilling on the Rahill-Bonanza Joint Venture Property in Red Lake continues to intersect significant gold grades both down-dip from the Bonanza Deposit, and in the on-strike CP Zone. The Rahill-Bonanza Property is located in the heart of the Red Lake Mining District in Northwestern Ontario and is being explored under a joint venture with Red Lake Gold Mines Limited ("RLGM"), an affiliate of Goldcorp Inc.
The focus of current drilling is to define and expand mineralization within the Bonanza deposit that is host to a gold resource exceeding 900,000 ounces, and to test for potential extensions to the CP Zone that is located along strike from the Bonanza Deposit. The Bonanza Deposit is located immediately south of Gold Eagle Mines' (TSX: GEA.TO) Bruce Channel discovery that is currently the subject of a takeover offer from Goldcorp Inc. (TSX:G - NYSE:GG). Drilling continues to return broad intersections of near-surface gold mineralization on the joint venture project proximal to existing mine infrastructure.
BONANZA DEPOSIT DEPTH EXTENSION AND IN-FILL
-------------------------------------------
Extension drilling at the Bonanza Deposit continues to demonstrate the potential to expand mineralization at depth with intersections that include 9.7 g/t Au across 3.0 metres and 21.8g/t Au across 3.0 metres in hole PG08046, and 5.4 g/t Au across 5.0 metres in hole PG08047.
The deposit remains open at depth and current drilling is testing down-dip from the known gold resource. Table 1 provides a summary of results from current drilling (all widths represent core lengths):
Table 1 Bonanza Deposit Deep Drilling Results
Hole Target Zone Azimuth Dip From(m) To(m) Width Assay
ID Zone (g/t)
--------------------------------------------------
PG08046 B1-F1 HG B1 353 -45 482 485 3 9.7
RH1 487 502 15 1.8
RH2 538 541 3 21.8
PG08047 B1-F1 HG RH2 360 -50 489 494 5 5.4
F1 590 593 3 5.5
PG08049 B1-F1 HG F1 355 -60 654 657 3 2.2
PG08050 B1-F1 HG 355 -70 pending
BONANZA DEPOSIT INFILL DRILLING
-------------------------------
The current program also consists of in-fill drilling in support of potential "advanced" underground exploration in the future. This drilling is to further define higher grade "shoots" within the deposit that would be the primary targets of an underground program. Highlights from the first two holes include 9.8g/t Au across 6.0 metres and 11.0g/t Au across 5.0 metres.
Table 2 summarizes results received to date:
Table 2 Bonanza Deposit Infill Drilling Results
Hole Target Zone Azimuth Dip From(m) To(m) Width Assay
ID Zone (g/t)
--------------------------------------------------
PG08044 B1-F1 DEF F2 310 -61 74 78 4 7.3
--------------------------------------------------
Incl. 75 76 1 22.8
--------------------------------------------------
X 192 208 16 1.9
--------------------------------------------------
F1 231 247 16 4.6
--------------------------------------------------
Incl. 233 239 6 9.8
--------------------------------------------------
PG08045 B1-F1 DEF 320 -72 pending
--------------------------------------------------
PG08048 B1-F1 DEF F6 338 -71 271 276 5 11.0
--------------------------------------------------
F1 313 317 4 4.5
--------------------------------------------------
X 327 332 5 3.5
--------------------------------------------------
F3 360 363 3 4.2
--------------------------------------------------
CP ZONE DELINEATION
-------------------
The CP Zone is located along strike from the main Bonanza Deposit and current drilling has shown appreciable visible gold in numerous holes drilled to test this horizon. Assays from this drilling are expected in the near future.
"The current program is meeting our expectations as we continue to delineate higher-grade lenses within the Bonanza deposit" stated Ewan Downie, President of Premier. "With the existing nearby infrastructure, these zones will likely become part of any future mine planning in the area".
In addition to the Bonanza Deposit, the Rahill-Bonanza Project is host to the past-producing Wilmar Gold Mine where, over a period of four years, 203,256 tons of ore was mined at an average grade of 0.30 oz/ton Au (10.3g/t Au). The deposit remained open at depth when the mine shutdown and drilling performed down-dip of the mine workings by the joint venture in 2007 returned numerous significant intersections including 18.1g/t Au over 2.0 metres and 14.2g/t Au over 5.0 metres.
Deep drilling is underway on the east part of the project proximal to and west of the prolific Red Lake Gold Mines complex. This drilling is targeting the mine's host horizon along strike from the zones currently being mined. Drilling onto the Joint Venture project from the Campbell Complex of RLGM, collared on the 41 Level (some 1875 metres or 6150 feet below surface), successfully intersected the mine horizon, opening up significant exploration potential along strike from the mine onto the joint venture project. Altered mafic and ultramafic rock units, identical to those that host the main zones at the mine were intersected and the most significant assay from this hole was 6.8 gpt Au (0.20 oz/ton) over 1.0 metre. Plans are underway for additional drilling in this area.
A presentation providing an update of the Red Lake program is available on the company's website, www.premiergoldmines.com. The Rahill-Bonanza Project covers several kilometres of the main Red Lake "Mine Trend" that is host to the world class Red Lake Gold Mines to the east, and Gold Eagle's "Bruce Channel" discovery to the west of the Joint Venture Property.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Core from Rahill-Bonanza is sent to Accurassay Laboratories, an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. The company also owns a strategic project located on the main Musselwhite Gold Mine trend.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contacts
Ewan Downie
President & CEO
Phone: (807) 346-1390
Fax: (807) 346-0100
E-mail: info@premiergoldmines.com
Web Site: http://www.premiergoldmines.com
More than $6.1 million in exploration completed - Roxmark updates Premier Gold's progress on Geraldton Project
TORONTO, Sept. 24 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today
provided an update on the status of the joint venture agreement with Premier
Gold Mines Limited (TSX- PG) in which Premier has nearly more than doubled
minimum required exploration expenditures over the past 12 months.
In September 2007, a letter of intent was signed with Premier to explore
and earn interest in certain gold properties (known as the Geraldton Project)
held by Roxmark in the Geraldton Camp of the Beardmore-Geraldton Greenstone
Belt of Northwestern Ontario.
Under the terms of the agreement, Premier, as operator of the joint
venture, can earn a 51% interest in the Geraldton Project over four-year
period by incurring $7 million in expenditures (including a firm commitment of
$2.5 million in the first 12 months) to advance highly prospective gold
properties and by making cash advances and issuing shares of Premier to
Roxmark.
Over the past year, Premier has carried out an extensive drilling program
using up to three drill rigs to complete 91 holes totaling more than
34,000 metres of diamond drilling, in addition to a geological and geophysical
surveys. Expenditures to date on the Project are in excess of $6.1 million and
Roxmark has received $200,000 in cash advances (out of the proposed $500,000)
and 200,000 shares of Premier (out of proposed 250,000) valued at
approximately $480,000.
Immediately after completing the earn-in period by completing $7 million
in expenditures, Premier will have the right to increase its interest to 70%,
carrying Roxmark at 30%, by making additional cash advances of $250,000 and
issuing to Roxmark additional 150,000 shares of Premier. This would make a
total $750,000 of cash advances and 400,000 shares of Premier, valued at about
$960,000, based on the current share price.
The Geraldton Project is located in the heart of the Beardmore-Geraldton
Greenstone Belt, a promising high-grade gold district that has seen relatively
little exploration over the past several decades. The Project area covers
several kilometres of some of the most strategic ground in the region and is
host to past-producing mines and numerous exploration targets in a district
that has more than 4.1 million ounces of historic gold production.
Drilling has been carried out on the Magnet Mine property and on the
Little Long Lac Mine Property. Drilling results were announced in several news
releases dated January 22, 24 and 25, March 3, April 1 and 16, May 6, 27 and
29 and June 26, 2008.
Little Long Lac Mine Property
-----------------------------
Drilling on the Little Long Lac Property has intersected multiple, near
surface, mineralized vein zones, including a minimum of six potentially
important vein zones: The Kailey Zone, Main Zone, the No.9, No.10 Vein Zones
and two new zones, named No.11 and No.12 Vein Zones.
The newly discovered Kailey Zones are a bulk tonnage resource proximal to
the north and parallel to the historic Little Long Lac Gold Mine. Drilling in
the Kailey Zone has identified parallel horizons K1 North and K2 South and has
cut off the horizon to the east with mineralization remaining open primarily
down plunge to the west. Intersections were previously reported in the range
of 0.63 to up to 7.07 g. Au/t.
It is anticipated that a NI43-101 report will be completed shortly on the
resource for this project.
In addition to the Kailey zone, high-grade gold mineralization occurring
in several parallel vein zones is being tested in an area located
approximately 300 metres to the southeast. The primary target of these veins
is the No.9 and No.10 Vein Zones, which continue to provide consistently
significant results as high as 254.8 g. Au/t (7.44 opt) over 0.3m and
60.88 g. Au/t (1.78 opt) over 1.0m. The following table provides a complete
summary of results received from this area:
<<
--------------------------------------------------
AU AU
Hole-ID Section From To Length (m) Zone (g/t) (opt)
--------------------------------------------------
PLL07001 1400E - 0+00 105.0 106.0 1.0 (3.3 ft) 11 (New) 60.88 1.78
--------------------------------------------------
168.0 169.0 1.0 (3.3 ft) 10a (New) 45.32 1.32
--------------------------------------------------
189.0 190.9 1.9 (6.2 ft) 10 8.70 0.25
--------------------------------------------------
288.3 289.8 1.5 (4.9 ft) 9 11.43 0.33
--------------------------------------------------
PLL07002 1500E - 0+25N 120.5 120.8 0.3 (1.0 ft) 10 254.79 7.44
--------------------------------------------------
256.8 260.0 3.2 (10.5 ft) 9 2.36 0.07
--------------------------------------------------
PLL07003 1400E - 0+50N 150.0 152.0 2.0 (6.6 ft) 10 6.95 0.20
--------------------------------------------------
193.3 194.3 1.0 (3.3 ft) 9 3.28 0.10
--------------------------------------------------
PLL07004 1500E - 0+50N 26.0 27.0 1.0 (3.3 ft) (New) 5.24 0.15
--------------------------------------------------
PLL07005 1400E - 0+50S 143.0 146.0 3.0 (9.8 ft) 11 (New) 4.60 0.13
--------------------------------------------------
354.0 358.5 4.5 (14.8 ft) 9 5.81 0.17
--------------------------------------------------
PLL07006 1500E - 0+25S 101.0 102.0 1.0 (3.3 ft) 11 (New) 7.81 0.23
--------------------------------------------------
188.0 189.0 1.0 (3.3 ft) 10 4.58 0.13
--------------------------------------------------
PLL07007 1600E - 0+50N 94.4 95.4 1.0 (3.3 ft) 11 (New) 15.04 0.44
--------------------------------------------------
PLL07008 1650E - 1+00S 47.5 48.0 0.5 (1.6 ft) (New) 2.11 0.06
--------------------------------------------------
PLL08011 1450E - 0+00 250.0 251.0 1.0 (3.3 ft) 10 15.00 0.44
--------------------------------------------------
318.0 320.5 2.5 (8.2 ft) 9 11.72 0.34
--------------------------------------------------
PLL08013 1375E - 1+15S 427.0 428.3 1.3 (4.3 ft) 10 12.84 0.37
--------------------------------------------------
PLL08020 1375E - 1+00S 335.0 338.0 3.0 (9.8 ft) 10 3.61 0.11
--------------------------------------------------
418.0 421.0 3.0 (9.8 ft) 9 8.19 0.24
--------------------------------------------------
>>
The Little Long Lac Main Zone saw the production of more than
600,000 ounces of gold during the period 1934-53 at an average grade of
11.66 g. Au/t.
Magnet Mine Property
--------------------
Drilling on the Magnet Mine was directed to test the Benedict (North and
South) zone, The "Stan" Target and the newly discovered high-grade zone named
the "Highway" Zone. The zones remain open in all directions. The latest
results from drilling at the Magnet Gold Mine were announced on April 1, 2008
outlining a discovery of Highway Zone that has returned numerous significant
intersections including 67.08 g. Au/t across 2.0m. The Highway Zone is located
approximately 110 metres under the Trans-Canada Highway, immediately south of
the historic Magnet Gold Mine. Drilling on the Benedict Zone intersected gold
mineralization including 10.22 g. Au/t (0.30 opt) over 2.5m and 8.14 g. Au/t
(0.23 opt) over 2.0m. The Magnet Mine is serviced with a shaft and winze to
2,640 feet. The property is equipped with a headframe, production hoist,
compressors, generator, hydro substation and other equipment and facilities.
Stephen McGibbon, P.Geo. is the Qualified Person for information on
Project drilling results contained in this news release and is a Qualified
Person within the meaning of National Instrument 43-101. Core from Geraldton
is sent to Accurassay Laboratories, an accredited mineral analysis laboratory
in Thunder Bay, Ontario, for preparation and analysis utilizing both fire
assay and screen metallic methods.
Beardmore Developments
----------------------
In its Beardmore Camp, Roxmark has completed its second diamond drilling
program for the year, delineating gold mineralization in the Nortoba-Tyson
property and plans to announce results as soon as assays are completed. A
43-101-compliant report on resources at the Northern Empire Mine is close to
being completed and will also be issued soon.
The Beardmore Camp is situated near the Town of Beardmore, approximately
200 km northeast of Thunder Bay and is serviced by the Trans-Canada Highway.
Accessibility of all Roxmark properties in both Beardmore and Geraldton Camps
is a strong cost and logistical advantage.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration
and development in the historically significant Geraldton-Beardmore area of
Northwest Ontario. In recent years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its 200 TPD (expandable to
500 TPD) fully-permitted mill and has the advantage of infrastructure from six
formerly highly productive gold mines located on its properties. These mines
previously produced nearly two million ounces of gold from high-grade ore but
were closed primarily due to dramatically lower gold prices at the time and to
boundary issues, since eliminated.
Further information is available on the Company's website at
www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties. The results or
events predicted in these forward-looking statements may differ materially
from actual results or events. Any forward-looking statement speaks only as of
the date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
For further information: Monir Younan, President, Roxmark Mines Limited,
(416) 860-1636, Fax: (416) 360-7355, roxmark@on.aibn.com, www.roxmark.com;
Renmark Financial Communications Inc.: Christine Stewart:
cstewart@renmarkfinancial.com; Barbara Komorowski:
bkomorowski@renmarkfinancial.com; (416) 644-2020, Fax: (416) 644-2021,
www.renmarkfinancial.com
Thu Oct 2, 9:15 AM
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Shares Issued: 69,198,742
THUNDER BAY, ON, Oct. 2 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier") (TSX: PG.TO) is pleased to announce that exploration will continue at the PQ North Properties in Northwestern Ontario. Exploration to-date has included an airborne magnetics geophysical survey and a grid has been cut on the ground. An exploration camp is presently being constructed on the property and geological mapping and sampling are being completed. A 3D exploration model is being created and will be further refined for identifying high-grade targets prior to a major diamond drilling this winter.
The PQ North Property is strategically located on the PQ limb of the key iron formation that is host to Goldcorp's Musselwhite Gold Mine. Recently, Goldcorp stated that gold mineralization has been extended to the north with intersections on structures trending in close proximity to Premier's PQ North Property. These results include a drill intercept of 15.5 grams per tonne (gpt) gold across a true width of 4.5 metres (m) in hole 07-NSD-005 (see Fig. 1 below). Goldcorp also indicated that gold mineralization within the mine horizon is estimated to have increased from 1.0 million to 2.0 million ounces per kilometre and has been intersected as far as 6 kilometres north along strike of the main mine facilities.
The PQ North Property encompasses a major fold structure along strike from and within the main rock unit (Northern Banded Iron Formation) that hosts the gold-bearing ore zones at Musselwhite. Previous drilling has returned numerous significant intersections and has identified structural units similar to those at the mine (Fig. 1). Of particular interest are a series of quartz veins, and shear zones, in places tens of meters wide, hosted within volcanic rocks in the southern portion of the PQ North Property. It is believed that these (low-grade) veins could be related to structures that may cut the main iron formation unit at depth, and potentially become significant gold-bearing zones. Similar veins on surface on the Musselwhite Property are located up-dip from the main gold zones currently being mined. To date, the Musselwhite Mine has produced more than 2.0 million ounces of gold and has reserves and resources totaling in excess of 3.30 Million ounces at the end of 2007.
Premier owns a 100% interest in the PQ North Property subject to a 2% Net Smelter Returns Royalty of which Premier retains the right to acquire 1% by paying to the vendor $1 Million.
Premier previously announced that it had signed a Letter of Intent (LOI) with the North Caribou Lake First Nation("NCLFN") that paves the way for a major exploration program on the PQ North Property in Northwestern Ontario. The LOI forms the basis of a cooperative relationship between Premier and NCLFN that will guide the early phase of exploration on the property, including line cutting, geophysics and diamond drilling, as well as lead to a Memorandum of Understanding (MOU) in the near future.
To view Figure 1, Location of PQ North Property, Musselwhite Mine and significant exploration results, please go to http://files.newswire.ca/598/PQNorthMusselwhite.doc.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Core from Rahill-Bonanza is sent to Accurassay Laboratories, an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. The company also owns a strategic project located on the main Musselwhite Gold Mine trend.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contacts
Ewan Downie
President & CEO
Phone: (807) 346-1390
Fax: (807) 346-0100
E-mail: info@premiergoldmines.com
Web Site: http://www.premiergoldmines.com
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Wed Oct 22, 9:15 AM
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Shares Issued: 69,348,742
THUNDER BAY, Oct. 22 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG.TO) is very pleased to announce that it has entered into a definitive purchase agreement with Lac Properties Inc. ("Lac"), a wholly-owned subsidiary of BARRICK GOLD CORPORATION (TSX, NYSE:ABX), to acquire, among other things, Lac's interest in all of the mining claims commonly known as the Geraldton, Ozone Creek and Eva Summers properties located in the Geraldton district in the Province of Ontario (collectively the "G-L Property"), together with certain equipment and other assets related thereto (the "Purchased Assets").
The G-L Property is host to several past-producing mines which collectively produced more than 2.0 Million ounces of gold from the same deposits to relatively shallow depths of approximately 2000 feet (600 metres) from 1938-1968. The mined zones remained wide open at depth at the time mining ceased.
In consideration for Lac's interest in the Purchased Assets, Premier will (i) issue to Lac 500,000 common shares of Premier, (ii) make a cash payment to Lac of $1,000,000, (iii) deposit $1,000,000 in an environmental reclamation trust fund in the connection with G-L Property, (iv) grant to Lac a 3.0% net smelter return royalty (the "NSR Royalty") on production from the G-L Property, and (v) assume certain liabilities and obligations of Lac in respect of the Purchased Assets. The claims subject to the NSR Royalty including on the Little Long Lac claims which are currently held under option by Premier (This results in a reduction from the current 5% NSR payable on the Little Long Lac claims).
Immediately prior to the end of the mining on the G-L Property, new development workings were built on a substantial extension of the "F-Zone" of the G-L Property approximately 700 metres of the down-plunge from the area mined to a depth of 800 metres (2621 foot level) Highlight results from drilling into this area (approximately true widths) include:
- 10.25g/t Au (0.30 oz/ton) over 17.1 m (56 feet)
- 8.43g/t Au (0.25 oz/ton) over 17.1m (56 feet)
- 6.03g/t Au (0.18 oz/ton) over 23.2m (76 feet)
The mined zones remain open at depth highlighted by intersections of 13.75g/t Au over 6.4m down-dip beneath the mine workings in the "F-Zone" and 18.41g/t Au over 5.1m down-dip beneath the mine workings in the "North Zone" of the G-L Property. In addition to the depth potential of the mined zones, significant potential exists for developing resources in several areas including: 1) Open pit-style mineralization at the site of the original discovery where a resource containing several hundred thousand ounces of gold was partially drilled off by previous operators; 2) Several newer high-grade discoveries have been made throughout this large property package that have received little to no follow-up; and, 3) Significant resources are reported to remain within the mine workings.
"This acquisition represents the culmination of a decade's worth of effort to secure what I consider to be one of the most prospective exploration/development projects in Canada" stated Ewan Downie, President of Premier. "The Geraldton district is perhaps the most under-explored of the major greenstone belts in Ontario and we intend to implement a major exploration program immediately".
Premier will transfer an interest in the G-L Property so that it will form part of the existing Geraldton Project which is operated under a joint venture between Premier (earning a 70% interest) and Roxmark Mines Limited (TSX-V: RMK.V). Recent discoveries on the existing Project include open pit-style mineralization in the Kailey Zone and high-grade veins located proximal to the historic Little Long Lac Gold Mine. As previously released by Premier, results to date from drilling in the recently discovered Kailey Zone include 39.64g/t Au (1.16 oz/ton) across 2.0 metres contained within a wider zone of mineralization which returned 5.87g/t Au across 16.0 metres, and 2.01g/t Au across 101.0 metres.
The Geraldton Joint Venture Project is located in the heart of the Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold district that has seen relatively little exploration over the past several decades. The Project area covers approximately 15 kilometres of some of the most prospective geology in the region and is host to several past-producing mines and numerous exploration targets in a district that has seen historic production of more than 4.1 Million ounces of gold. Slides of the Project area can be viewed on the Premier Gold Mines Limited website, www.premiergoldmines.com.
The closing of the Acquisition transaction is scheduled to close on the fifth business day after Premier and Lac have obtained the all of the regulatory approvals required under the Purchase Agreement (including the approval of the Toronto Stock Exchange and the Ontario Ministry of Northern Development and Mines), which is expected to be in December 2008.
Other Projects - Red Lake & Santa Teresa
----------------------------------------
In addition to the Geraldton District, Premier is active in several other highly prospective gold districts. In Red Lake, drilling continues at the Rahill-Bonanza Project, a joint venture with Red Lake Gold Mines Limited, in addition to Premier's participation in a dewatering project that will lead to an underground drill program in 2009. At PQ North, located adjacent to Goldcorp's Musselwhite Gold Mine, exploration is underway with a drill program planned for early 2009. Ongoing drilling at the Santa Teresa Project in Mexico, a joint venture between Premier and Sutter Gold Mining Inc. (TSX-V: SGM.V), has intersected numerous high-grade quartz vein zones along strike the past-producing Princessa Gold Mine (Historical data indicates that mined grades within the district average better than 1.00 ounce gold per ton).
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Core from Geraldton is sent to Accurassay Laboratories, an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
Premier Gold Mines Limited is a fully financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. A strategic project is also located on the main Musselwhite Gold Mine trend.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contacts
Ewan Downie
President & CEO
Phone: (807) 346-1390
Fax: (807) 346-0100
E-mail: info@premiergoldmines.com
Web Site: http://www.premiergoldmines.com
na will der denn den ganzen laden selbst aufkaufen?
Premier Gold Mines Limited (PG) | As of December 18th, 2008 | ||||||
| Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
| Dec 18/08 | Dec 17/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 32,000 | $1.550 |
| Dec 11/08 | Dec 05/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 900 | $1.430 |
| Dec 11/08 | Dec 05/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 2,100 | $1.400 |
| Dec 11/08 | Dec 05/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 5,000 | $1.500 |
| Dec 11/08 | Dec 10/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 6,000 | $1.450 |
| Dec 11/08 | Dec 05/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 1,000 | $1.450 |
| Dec 11/08 | Dec 04/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 1,000 | $1.560 |
| Dec 11/08 | Dec 04/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 2,500 | $1.450 |
| Dec 05/08 | Dec 02/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 2,500 | $1.600 |
| Nov 24/08 | Nov 21/08 | Downie, Ewan Stewart | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 7,000 | $1.500 |
 - Amended Filing | |||||||
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Tue Feb 17, 9:59 AM
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Shares Issued: 78,065,179
THUNDER BAY, ON, Feb. 17 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG.TO) is pleased to announce, initial results from drilling in the EP-Zone, one of several targets currently being drilled on the company's Hardrock Project in Northwestern Ontario. This program is expected to consist of more than 50,000 metres of definition and exploration drilling leading to NI 43-101 compliant gold resources in 2009. The Hardrock Project is being operated by Premier under joint venture with Roxmark Mines Limited (TSX-V: RMK.V).
The EP-Zone has been identified as a potential high-grade open pit target in the vicinity of the historic North Zone, from which 2.97 Million tonnes of ore was mined at a grade of 7.54 grams per tonne gold (g/t Au). Initial drilling has identified 3 sub-zones within the EP target consisting of the South Limb, North Limb and HGV horizons. Significant mineralization has been intersected in the first nine holes within all three horizons including 11.83 g/t Au across 11.4 metres (m) in the South Limb, 2.24 g/t Au across 21.0 m in the North Limb, and 2870.00 g/t Au across 0.3 m within the HGV horizon.
The following tables demonstrate the potential of the EP-Zone and include historic results that help to highlight the mineralization within each horizon intersected in limited previous drilling in the area. Note that true widths of the intercepts are estimated at approximately 70% of the intervals provided.
HGV (High-Grade Vein)
---------------------
High-grade, narrow vein, mineralization was identified in numerous areas of the mine which operated from 1938-1968. This mineralization received little attention as most mining was from low-cost bulk tonnage, moderate grade horizons. Drilling has intersected high-grade mineralization within the confines of the historic proposed pit area (although existing historical resources have been used as a basis for confirming target potential, there is been insufficient exploration data to define a mineral resource and it is not certain that further exploration will result in discovery of a mineral resource) at the EP-Zone, highlighted by the following results:
Table 1: HGV Subzone Results in EP-Zone
--------------------------------------------------
INTERVAL GRADE
HOLE-ID FROM TO (m) (g/t) ZONE
--------------------------------------------------
EP001 32.3 34.5 2.2 9.57 HGV
--------------------------------------------------
EP008 26.8 27.1 0.3 2870.00 HGV
--------------------------------------------------
H3 25.0 26.0 1.0 6.73 HGV
--------------------------------------------------
H8 28.0 30.1 2.1 15.74 HGV
--------------------------------------------------
South Limb
----------
Drilling in the South Limb, south of the historic mine workings, has
returned numerous broad intercepts of significant gold mineralization
including:
Table 2: South Limb Subzone Results in EP-Zone
--------------------------------------------------
INTERVAL GRADE
HOLE-ID FROM TO (m) (g/t) ZONE
--------------------------------------------------
EP008 58.0 76.4 18.4 1.77 SOUTH LIMB
--------------------------------------------------
EP009 75.8 87.2 11.4 11.83 SOUTH LIMB
--------------------------------------------------
GE94-67 24.7 50.3 25.6 4.06 SOUTH LIMB
--------------------------------------------------
GE94-68 30.5 45.7 15.2 7.34 SOUTH LIMB
--------------------------------------------------
H3 48.0 67.0 19.0 4.22 SOUTH LIMB
--------------------------------------------------
H7 51.0 67.1 16.1 3.38 SOUTH LIMB
--------------------------------------------------
North Limb
----------
Drilling in the North Limb, north of the historic mine workings, has
returned the following intercepts of mineralization in a third horizon within
the EP-Zone:
Table 3: North Limb Subzone Results in EP-Zone
--------------------------------------------------
INTERVAL GRADE
HOLE-ID FROM TO (m) (g/t) ZONE
--------------------------------------------------
EP004 47.4 56.0 8.6 3.57 NORTH LIMB
--------------------------------------------------
EP004 95.4 97.0 1.6 7.58 NORTH LIMB
--------------------------------------------------
EP005 19.0 40.0 21.0 2.24 NORTH LIMB
--------------------------------------------------
EP006 92.5 98.5 6.0 4.10 NORTH LIMB
--------------------------------------------------
H10 4.1 10.0 5.9 12.16 NORTH LIMB
--------------------------------------------------
The Hardrock Project is operated under a joint venture with Roxmark Mines Limited (TSX-V: RMK.V) (Premier earning a 70% interest). The Hardrock Project is host to several past-producing mines which collectively produced more than 2.0 Million ounces of gold from the same deposits to relatively shallow depths of approximately 2000 feet (600 metres) from 1938-1968. The mined zones remained open at depth at the time mining ceased and developed historical resources were left in place within the existing mine workings (a qualified person has not done sufficient work to verify the historical resource, the company is not treating the historical resource as a current resource and the historical resource should not be relied upon). Importantly, the Hardrock Project has the potential for defining several styles of mineralization capable of hosting resources, with grades and widths similar to many of Ontario's major gold mines including:
1) Open pit-style mineralization with grades exceeding 1.5 g/t Au
(Timmins, Hemlo)
2) Broad zones of mineralization with grades averaging 5.0+ g/t Au
(Musselwhite)
3) Narrow vein zones with higher gold grades often exceeding 7.0 g/t
(Red Lake, Pickle Lake)
Initial drilling with four drills is focusing on delineating both open pit and underground resources with the goal of defining a multi-million ounce gold resource that can be moved quickly towards development (See references to historical resources above). The Project offers development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the center of the property. Significant potential exists for developing resources in several areas including: 1) Open pit-style mineralization at the site of the original discovery where a resource containing several hundred thousand ounces of gold was partially drilled off by previous operators; 2) Several newer high-grade discoveries have been made throughout this large property package that have received little to no follow-up; 3) Resource blocks reported to remain within the mine workings; and, 4) The main mined zones which remain open below the 600m Level.
The Hardrock Project is located in the heart of the Beardmore-Geraldton Greenstone Belt, a highly prospective high-grade gold district that has seen relatively little exploration over the past several decades. The Project area covers some of the most prospective geology in the region and is host to several past-producing mines and numerous exploration targets in a district that has seen historic production of more than 4.1 Million ounces of gold.
PQ-North Project Drilling Underway
----------------------------------
Drilling recently got underway at Premier's 100%-owned PQ North Property. The PQ-North Project is strategically located on the PQ limb of the key iron formation that is host to Goldcorp's Musselwhite Gold Mine.
In a July 31, 2008 SEC filing, Goldcorp indicated that gold mineralization had been extended as far as six kilometres north along strike of the main mine facilities, with intersections on structures trending in close proximity to Premier's PQ North Property. These results include a drill intercept of 15.5 g/t Au across a true width of 4.5 m in hole 07-NSD-005. To date, the Musselwhite Mine has produced more than 2.0 Million ounces of gold and has reserves and resources totalling in excess of 3.30 Million ounces at the end of 2007.
The PQ North Property encompasses a major fold structure along strike from and within the main rock unit (Northern Banded Iron Formation) that hosts the gold-bearing ore zones at Musselwhite. Previous drilling has returned numerous significant intersections and has identified structural units similar to those at the mine. Exploration to-date has included an airborne geophysical survey, which has identified major folding and several untested structures similar to those at the Musselwhite Mine.
Premier previously announced that it had signed a Letter of Intent (LOI) with the North Caribou Lake First Nation ("NCLFN") that paves the way for a major exploration program on the PQ North Property in Northwestern Ontario. The LOI forms the basis of a cooperative relationship between Premier and NCLFN that will guide the early phase of exploration on the property, as well as lead to a Memorandum of Understanding (MOU) in the near future.
Premier expects to drill up to 5000 metres of NQ-sized core by early- to mid-April.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Core from Hardrock is sent to Activation Laboratories Ltd., an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. The company also owns a strategic project located on the main Musselwhite Gold Mine trend and recently acquired mineral properties in Geraldton area from Barrick Gold.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contacts
Ewan Downie
President & CEO
Phone: (807) 346-1390
Fax: (807) 346-0100
e-mail: Info@premiergoldmines.com
Web Site: www.premiergoldmines.com
Shares Issued: 78,065,179
THUNDER BAY, ON, Feb. 18 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that it has signed a Letter of Intent to secure a 100%
interest in ten key patented mining claims, the Lennie Property, contained
internal to Goldcorp's Red Lake Gold Mines (RLGM) land holdings, immediately
northeast of the world class Red Lake Gold Mines complex.
<<
Lennie Project
--------------
>>
The Lennie Project is strategically located northeast of the Red Lake
Gold Mines complex along the same geological contact that hosts the major gold
mines in Red Lake. It covers the important unconformity between the
ore-hosting Balmer volcanic rocks and the overlying sedimentary rocks. Folded
ultramafic rocks and conjugate fault structures, similar to those at the mine,
are interpreted to be located on the Lennie claims and will be the focus of an
exploration program that will begin immediately on the property, including
diamond drilling.
The last exploration to occur on the Lennie property was a small, shallow
drill program in 1996. That program intersected faults containing mineralized
quartz-carbonate veins in Balmer rocks. It is anticipated that deep drilling
will begin in the spring to test these high-potential faults as well as other
targets, where they are interpreted to intersect Balmer-aged ultramafic rocks
in a setting similar to that which hosts Goldcorp's High-grade Zone. That zone
is considered to be one of the largest and highest grade gold deposits in the
world.
For this acquisition, Premier will pay $400,000 in cash payments over
three years and 160,000 shares of Premier, including $100,000 and 40,000
shares on signing. A 3.0% Net Smelter Return royalty ("NSR") is payable to the
vendor, of which one-third (1% NSR) can be purchased at any time for the sum
of $1.0 Million. A finders' fee is payable to an arm's length party in
relation to this transaction.
<<
Rahill-Bonanza Project
----------------------
>>
The Rahill-Bonanza Project is located in the heart of the prolific Red
Lake district, within the core of RLGM's land holdings. The 2009 exploration
program will include a delineation drill program proximal to the workings of
the Wilmar Gold Mine, and deep exploration holes to test primary targets at
depth.
The Wilmar Gold Mine is a near surface past-producer on the joint venture
property. During the final years of operations at Cochenour, some 203,000 tons
of ore was mined at a grade of 0.30 oz/ton Au (10.3 g/t). This Phase I Program
will provide support for both previously announced shaft de-watering and a
planned advanced-exploration program on several known deposits in the vicinity
of the workings of the Cochenour-Wilmar Gold Mines.
At the time of closure in 1971, significant historical resources (a
qualified person has not done sufficient work to verify the historical
resource, the company is not treating the historical resource as a current
resource and the historical resource should not be relied upon) were reported
to remain at Wilmar.
According to a report completed by Wilmar Mines Limited in 1973 (authored
by D.A. Hutton), the deposit had the potential to host resources (Although
existing historical resources have been used as a basis for confirming target
potential, there is insufficient exploration data to define a mineral resource
and it is not certain that further exploration will result in discovery of a
mineral resource) as follows:
<<
- 431,000 tons @ 0.21 oz/ton (7.2 g/t) Au within the 1300-2050
level workings.
- 822,000 tons @ 0.24 oz/ton (8.2 g/t) Au - surface to the
1300-foot level.
- 5,700,000 tons @ 0.10-0.15 oz/ton (3.4-5.1 g/t) Au - Wilmar West
(Granodiorite).
>>
This Phase I drill program will test several of these areas in addition
to potential down-plunge extensions.
Additional drilling will test a target which passes through favourable
ultramafic rock units. This deep drilling is designed to test down-dip from
Wilmar where a major zone of deformation was previously intersected. This
deformation is interpreted to represent the RLGM "Mine Horizon", where rock
units similar to those at the RLGM complex and the Bruce Channel Zone were
identified.
The Rahill-Bonanza Project covers several kilometres of the main Red Lake
"Mine Trend" and is strategically located between the world class Red Lake
Gold Mines to the east, and the "Bruce Channel" discovery to the west.
Presentations detailing the Lennie and Rahill Bonanza projects are
available on the Premier Gold Mines Limited website at
www.premiergoldmines.com.
Stephen McGibbon, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within the meaning
of National Instrument 43-101.
Premier Gold Mines Limited is a well financed Canadian-based mineral
exploration and development company with several projects and deposits in
Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold
mining camp, two of these are operated in joint venture with Red Lake Gold
Mines. The company also owns a strategic project located on the main
Musselwhite Gold Mine trend and recently signed an agreement to acquire
mineral properties in Geraldton area from Barrick Gold.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.
%SEDAR: 00024152E
For further information: Ewan Downie, President & CEO, Phone: (807)
346-1390, Fax: (807) 346-0100, e-mail: Info@premiergoldmines.com, Web Site:
www.premiergoldmines.com
Wed Mar 11, 9:00 AM
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Shares Issued: 78,065,179
THUNDER BAY, ON, March 11 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG.TO) is pleased to announce that additional drill results from drilling in the EP-Zone target at the Hardrock Project in Northwestern Ontario. This drilling continues to identify significant near-surface mineralization contained within multiple zones at the EP-Zone which has been identified as a potential high-grade open pit target in the vicinity of the historic North Zone, from which 2.97 Million tonnes of ore was mined at a grade of 7.54 g/t Au.
Initial drilling has identified 3 sub-zones within the EP target consisting of the South Limb, North Limb and HGV horizons. Significant mineralization has now been intersected over a strike length of 300 meters and remains open in all directions. Highlights to-date include 7.65 g/t Au across 7.8 metres (m) in hole EP020 from the eastern-most section tested, 3.60 g/t Au across 10.0 m in the South Limb, and 8.60 g/t Au across 7.5 m in the North Limb.
The current program is expected to consist of more than 50,000 metres of definition and exploration drilling. The following tables demonstrate the potential of the EP-Zone, highlighting mineralization within each horizon. These results demonstrate continuity and grade within the EP-Zone, supporting management's belief that historic and new results will be utilized in a NI43-101 compliant resource calculation which is expected to be completed in Q4 2009.
South Limb
----------
Drilling in the South Limb, mineralization south of the historic mine
workings, has returned numerous broad intercepts of significant gold
mineralization including:
--------------------------------------------------
Hole Grid Dip/ Intersection Int. Int. Au Au Zone
No. Coordinates Azimuth From-to (m) (m) (ft) (g/t) (oz/
(m) (Degrees) ton)
--------------------------------------------------
EP010 504943 -45/360 34.00-46.80 12.80 50.0 0.70 0.02 SL
5503100
--------------------------------------------------
EP011 505051 -50/360 33.80-42.60 8.80 28.9 3.60 0.10 SL
5503090 Incl. 41.30-42.60 1.30 4.3 19.70 0.57 SL
--------------------------------------------------
EP012 505052 -65/360 44.70-55.20 10.50 34.4 0.93 0.03 SL
5503063 72.10-75.90 3.80 12.5 1.80 0.05 SL
--------------------------------------------------
EP013 504941 -50/360 52.50-64.50 12.00 39.4 1.60 0.05 SL
5503032
--------------------------------------------------
EP016 505100 -45/360 45.00-55.00 10.00 32.8 3.60 0.10 SL
5503078 Incl. 45.00-47.00 2.00 6.6 7.43 0.22 SL
--------------------------------------------------
EP017 505099 -45/360 92.80-95.00 2.20 7.2 6.28 0.18 SL
5503030
--------------------------------------------------
EP020 505149 -45/360 73.20-81.00 7.80 25.6 7.65 0.22 SL
5503080 Incl. 78.00-81.00 3.00 9.8 19.29 0.56 SL
--------------------------------------------------
* True widths estimated at approximately 70% of intersection widths
North Limb
----------
Drilling in the North Limb has returned the following intercepts of
significant gold mineralization within the EP-Zone north of the historic mine
workings:
--------------------------------------------------
Hole Grid Dip/ Intersection Int. Int. Au Au Zone
No. Coordinates Azimuth From-to (m) (m) (ft) (g/t) (oz/
(m) (Degrees) ton)
--------------------------------------------------
EP014 505052 -50/180 42.50-59.20 16.70 54.8 1.25 0.04 NL
5503178
--------------------------------------------------
EP015 505051 -50/180 50.50-63.50 13.00 42.7 1.18 0.03 NL
5503203 94.50-98.50 4.00 13.1 1.87 0.05 NL
115.00-122.50 7.50 24.6 8.60 0.25 NL
Incl. 121.00-122.50 1.50 4.9 39.30 1.15 NL
--------------------------------------------------
EP018 505100 -45/180 68.50-73.00 4.50 14.8 0.62 0.02 NL
5503205
--------------------------------------------------
EP019 505149 -45/360 NSV NL
5503129
--------------------------------------------------
EP021 504948 -50/180 8.90-17.90 9.00 29.5 3.07 0.09 NL
5503189 Incl. 15.40-17.90 2.50 8.2 8.06 0.23 NL
--------------------------------------------------
EP022 504948 -50/180 52.00-61.00 9.00 29.5 2.62 0.08 NL
5503213 85.00-96.40 10.80 37.4 4.34 0.13 NL
Incl. 92.20-94.70 2.50 8.2 10.01 0.29 NL
103.00-106.20 3.20 10.5 1.08 0.03 NL
--------------------------------------------------
* True widths estimated at approximately 70% of intersection widths
(xx) NSV - No significant assay values
The Hardrock Project is operated under a joint venture with Roxmark Mines Limited (TSX-V: RMK.V) (Premier earning a 70% interest). The Hardrock Project is host to several past-producing mines which collectively produced more than 2.0 Million ounces of gold from the same deposits to relatively shallow depths of approximately 2000 feet (600 metres) from 1938-1968. The mined zones remained open at depth at the time mining ceased and developed historical resources were left in place within the existing mine workings (a qualified person has not done sufficient work to verify the historical resource, the company is not treating the historical resource as a current resource and the historical resource should not be relied upon). Importantly, the Hardrock Project has the potential for defining several styles of mineralization capable of hosting resources, with grades and widths similar to many of Ontario's major gold mines including:
1) Open pit-style mineralization with grades exceeding 1.5 g/t Au
(Timmins, Hemlo)
2) Broad zones of mineralization with grades averaging 5.0+ g/t Au
(Musselwhite)
3) Narrow vein zones with higher gold grades often exceeding 7.0g/t
(Red Lake, Pickle Lake)
Initial drilling with four drills is focusing on delineating both open pit and underground resources with the goal of defining a multi-million ounce gold resource that can be moved quickly towards development (See references to historical resources above.). The Project offers development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the center of the property. Significant potential exists for developing resources in several areas including: 1) Open pit-style mineralization at the site of the original discovery where a resource containing several hundred thousand ounces of gold was partially drilled off by previous operators; 2) Several newer high-grade discoveries have been made throughout this large property package that have received little to no follow-up; 3) Resource blocks reported to remain within the mine workings; and, 4) The main mined zones which remain open below the 600m Level.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. The GH results are from core samples sent to Activation Laboratories, an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. The company also owns a strategic project located on the main Musselwhite Gold Mine trend and recently acquired mineral properties in Geraldton area from Barrick Gold.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contacts
Ewan Downie
President & CEO
Phone: (807) 346-1390
Fax: (807) 346-0100
e-mail: Info@premiergoldmines.com
Web Site: www.premiergoldmines.com
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Diese Gerüchte hat doch Sascha Opel ständig geschürt, um die Abolemminge in die Aktie zu bringen
und damit den Kurs zu schönen ???
Und Übernahme ? Nee, heiße Luft und Verluste....
Hoffentlich haben die Anleger aus Mustang, Freegold, Advanced Exploration, Cuervo, Petroworth, Columbia Yukon, Commerce Resources, Sabina, Ovoca Gold, HyLake Gold, Globex Mining, Powertech Uranium, Sunwin usw. usw. gelernt.
Fazit: Tönen die Jungs wiedermal von Übernahmegerüchte, dann solltet es ihr denen gleich tun und diese Aktie verkaufen.
Unternehmen auch Top-Projekte haben. Ich hab keinen Schein in der Zeit hergegeben+
immer schön nachgekauft, und wenn man sieht, daß allein Sabina von 0,22
wieder bei 0,62 steht...schade natürlich, wer in Panik weggeworfen hat!
Zumal die Unternehmen in der Zeit Fortschritte gemacht haben, nur der Kurs
halt (noch) nicht...Gruesse