Premier Gold Mines
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Shares Issued: 68,189,742
THUNDER BAY, ON, Nov. 29 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that development plans and permitting studies have been
initiated for the Cochenour-Wilmar Project in Red Lake. The "Rahill-Bonanza
Project", that includes the past-producing Wilmar Gold Mine, is being operated
under a 50/50 exploration joint venture between Premier and Red Lake Gold
Mines, an affiliate of GOLDCORP INC. (TSX:G, NYSE:GG).
The permitting process is being initiated in order to ensure that future,
potentially advanced exploration, can be conducted on a timely and
uninterrupted schedule. Advanced exploration may include dewatering and
rehabilitation of the Cochenour-Willans Gold Mine, which would provide
underground access for delineation drilling at Wilmar on the joint venture
property. The Wilmar Gold Mine, accessed through the workings of the Cochenour
mine workings, was brought into production during the final years of
operations at Cochenour, resulting in the mining of 203,256 Tons at an average
grade of at least 0.3 oz/ton Au (10.3g/t Au). The Wilmar Mine carried a
resource at closure and the deposit remained open at depth. Definition
drilling of the mined horizons and of mineralized zones intersected in the
current drill program can be carried out from underground, in addition to
potential bulk sampling. Recent drilling at Wilmar has intersected the main
horizon in all holes drilled over an area of more than 600 meters below the
historic workings and over a strike length of approximately 300 meters with
assays that include 49.0g/t Au over 1.0m, 14.2g/t Au over 5.0 meters and
18.1g/t Au over 2.0m.
At the Bonanza deposit, diamond drilling has recommenced with the goal of
completing delineation drilling within 600 metres of surface and deeper
exploration designed to extend the deposit to depth. The target horizons are:
1) the Bonanza Zone where previous drilling has returned intersections
including 13.27 g/t Au across 19.00 meters (05WB-69) and 13.30 g/t Au across
7.0 meters (05WB-28); and, 2) the Follansbee Zone where previous drilling has
returned intersections including 8.66 g/t Au across 22.0 meters (SWF-05-27)
and 6.21 g/t Au across 25.0 meters (05WB-47). Modeling of the Bonanza Deposit
is underway, with the intent of issuing a NI 43-101 compliant resource
estimate early in 2008.
The Rahill-Bonanza Project is strategically located along the main Red
Lake "Mine Trend" between the prolific Red Lake Gold Mines complex to the east
and the Cochenour Gold Mine and Bruce Channel discovery to the west (See
Figure 1 & 2). The partners are in the process of completing a major, two
year, exploration program that will continue until the end of 2008 and will
test several prospective targets on the Property. At the far eastern part of
the joint venture property, an initial hole drilled from the adjacent Red Lake
Gold Mines complex has been completed to 1239.6 meters and was stopped due to
squeezing of the drill rods. This hole, designed to test the mine horizon
along strike from the existing mine workings, was collared on the 41 Level
(approximately 1,875 meters or 6,150 feet below surface) of the Campbell
Complex (formerly Campbell Mine) of Red Lake Gold Mines, and intersected
several mineralized vein zones. Results are pending. A presentation with more
detailed slides can be viewed at the Company's web site:
http://www.premiergoldmines.com.
Figure 1. - To view this Figure, please visit
http://www.premiergoldmines.com/i/misc/Figure1-Nov29.gif
Figure 2 - To view this Figure, please visit
http://www.premiergoldmines.com/i/misc/Figure2-Nov29.gif
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.
Premier Gold Mines Limited is a Canadian-based mineral exploration and
development company with diverse property holdings that include 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 Goldcorp Inc. (TSX:G). A strategic project is also located on the main
Musselwhite Gold Mine trend (Goldcorp).
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
Wie wir hören sollen aus dem direkt an die weltbeste Goldmine anschließendem Gebiet, neben der "Red Lake/Wilmar-Mine" von Goldcorp, auf dem Gebiet von Premier Gold Mines (PG) erneut "good news" bevorstehen.
__________________________________________________
RSR hatte schon vor ein paar Tagen mitgeteilt, dass "Hy Lake angeblich Goldcorp getroffen haben soll". War richtig - wie fast alles, was RSR "vorab" gehört hat...
Demnach sollte bei Premier Gold also sehr bald was positives anstehen!
Sutter and Premier Begin Diamond Drilling at High Grade El Alamo District
Mon Dec 17, 1:45 PM
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2007) - Sutter Gold Mining Inc. (TSX VENTURE: SGM.V) announces that its joint venture partner Premier Gold Mines Ltd. (TSX: PG.TO) has begun diamond drilling in the historic and high grade El Alamo District of Baja California Norte, Mexico.
Premier plans to test the extent, continuity and grade of known gold-bearing vein structures by preparing an initial 14-hole diamond drill program of 3,650 meters on the Santa Teresa Concession (STC).
Located adjacent to and on strike from the district's largest past-gold producer, the Princessa Mine orebody was known to extend close to the STC boundary. Data suggests that the rake extension of the high-grade Princessa Shoot projects into the STC along strike and at depth. Several near-surface shoots hosted in sub-parallel vein structures adjacent to the Princessa Mine appear to rake into the STC at depth. This potential has not been tested by modern exploration methods. During the early 20th century, the El Alamo District's gold production halted at its peak due to technological and political circumstances, resulting in a unique opportunity to the JV today.
The historical mining of high grades, combined with minimal recent exploration, is one of the unique features of the El Alamo District. The properties are geologically similar to gold deposits of the Mother Lode Gold Belt in California and are located in a past producing gold district. Historical reports indicate past mining occurred within 110 meters of the surface with average mined grades between 1.00 and 2.00 ounces per ton gold. Small-scale mining to depth was limited by the water table and historic reports describe high-grade mineralization at the lowest levels of development in many of the vein structures.
The initial phase of drilling at the STC should be completed in the second quarter of 2008. Major Drilling de Mexico, S.A. de C.V., of Hermosillo, Mexico has been contracted for HQ core drilling and has one drill on site. After a review of Phase I drilling results, Phase II drilling should commence to further define targets tested during Phase I, and test several excellent drill targets identified in the Santa Teresa and new Santa Teresa 2 Concessions.
Mark Payne, P.Geo., Calif. #7067, geological consultant for Sutter Gold Mining Inc., has reviewed the contents of this news release and is a Qualified Person as defined in NI 43-101, "Standards of Disclosure for Mineral Projects".
About Sutter Gold Mine
The Sutter Gold project contains a 3.2 mile segment of the Mother Lode belt from which 10 historic mines produced 2.3 million ounces of gold. The historic mines bracket a one-mile-long portion of the Mother Lode belt with no historic gold production and which contains the Lincoln and Comet zones. The Lincoln and Comet zones were blind discoveries that did not outcrop at surface and which represent the first significant new gold discoveries made along the Mother Lode belt in the last 50 years. The Sutter Gold project has been the subject of considerable modern exploration activity, most of it centering on the Lincoln and Comet zones, which are adjacent to each other and together referred to as the Lincoln project. A total of 101,385 feet of drilling have been accomplished in 230 diamond drill holes, and modern underground development consists of a 2,850-foot declined ramp with 2,400 feet of crosscuts plus five raises. The historic gold production was documented in a detailed report completed by Mark Payne, the consulting geologist to Sutter Gold and a qualified person as defined by National Instrument 43-101. Further information is available at the Company's Lincoln Project and El Alamo, Mexico gold concession at www.suttergoldmining.com.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
Contacts
Hal Herron
Sutter Gold Mining Inc.
CEO
(307) 856-9271
Email: hal@usnrg.com
Website: www.suttergoldmining.com
Premier Gold Mines verkündet Änderungen am Rahill-Bonanza-Projekt
Premier Gold Mines, ein in Kanada und Mexiko tätiger Gold-Explorer, gab heute bekannt, dass Goldproduzent Goldcorp ein weiteres Prozent des gemeinsam betriebenen Rahill-Bonanza-Projekts für 440.000 US-Dollar übernommen hat. Goldcorp hält damit 51 Prozent der Liegenschaft und übernimmt auch die operative Leitung. Da Rahill-Bonanza unmittelbar an den zu Goldcorp gehörenden Red-Lake-Minenkomplex angrenzt, spekulieren Anleger seit Monaten auf eine vollständige Übernahme von Premier Goldmines durch Goldcorp. Das Premier-Management schaffte es bereits im vergangenen Jahr mit Wolfden Resources, eine Explorationsgesellschaft an einen Produzenten zu verkaufen.
Explorer, der trotz Top-News Federn laesst...aber
es kann ja nicht nur in eine Richtung gehen...
Frontrunningraketen.de schreibt:
Der größte kanadische Goldkonzern Goldcorp (Kanada Kürzel: G) hat sich ein weiteres Prozent am Rahill-Bonanza-Projekt von Premier Gold Mines (PG / WKN A0KE8D) gesichert, wo man bislang lediglich zu 50 % beteiligt war.
Man bezahlt dafür 400.000 CAD. Goldcorp wird in Zukunft die operativen Belange auf dieser Liegenschaft übernehmen.
Dies ist ein sehr gutes Zeichen, denn Goldcorp dürfte ein strategisches Interesse an dieser Liegenschaft haben, da diese unmittelbar an die größte Goldmine Kanadas, der Red Lake Mine, angrenzt.
Und diese Red Lake Mine gehört ebenfalls zu Goldcorp bzw. ist das Aushängeschild von Goldcorp.
Für uns ist dies sehr wichtig, da wir weiter davon ausgehen, dass es CEO Ewan Downie gelingen wird, nach Wolfden Resources auch seine zweite Gesellschaft Premier Gold Mines an einen großen Konzern zu verkaufen. Wir rechnen damit, dass Goldcorp irgendwann PG übernehmen wird. Die heutige Nachricht deutet ebenfalls darauf hin.
--------------------------------------------------
Nun, dass sehe ich anders. Eine überteuerte Übernahme der Company Premier Gold Mines wird damit immer unwahrscheinlicher, ich halte sie sogar für ausgeschlossen,
weil sich ja ganz klar zeigt, dass man sich direkt an den Liegenschaften prozentual und mehrheitlich beteiligt, sodass man auch die Wertschöpfungskette zu 51 % nutzen kann.
Ein derartiges Gemeinschaftsprojekt ist in der Branche nicht ungewöhnlich.
Oder um\'s anders auszudrücken, warum sollte man die ganze Kuh kaufen, wenn man die meiste Milch bereits hat ?
Warum also einen teueren Explorer kaufen, wenn man auch direkt die Liegenschaften prozentual kaufen kann ?
Und ja natürlich bekommt die Firma Premier Gold Mines das Geld aus dem Teilverkauf der Liegenschaft, nur hat der Aktionär davon nicht viel, da dieses Geld für neue Explorationstätigkeiten verwendet wird.
Ich denke, jetzt sollte jedem klar sein, dass Gold Corp die Firma Premier Gold Mines nicht übernimmt, da man die diversen Liegenschaften direkt kauft.
Natürlich ist damit auch die geschürte Phantasie einer Übernahme nicht mehr vorhanden, von der der Aktienkurs bislang zum größten Teil gelebt hat.
David
P.S. Gegenargumente sind durchaus willkommen.
Shares Issued: 68,297,742
THUNDER BAY, ON, Jan. 22 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that initial drilling at the Magnet Gold Mine property in
the Geraldton Camp a resource property owned by Roxmark Mines Limited
(TSX-V:RMK) (the "Geraldton Project"), has intersected significant gold
mineralization proximal to the past-producing Magnet Mine including 10.22
grams per tonne gold (g/t Au; 0.30 opt) over 2.5m and 8.14g/t Au (0.23 opt)
over 2.0m. The Geraldton Project is being operated by Premier under an option
agreement with Roxmark.
The Geraldton 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 10 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.
In the vicinity of the Magnet Mine, where historical production averaged
14.38g/t Au, nine holes were drilled to test three target areas prior to the
end of 2007. The "Stan" target, the first tested with holes PM07-001, -003 and
-004, returned several narrow high-grade intercepts highlighted by 8.24 g/t
(0.24 opt) over 0.30 metres in hole PM07-003. Four drill holes, PM07-005 to
-007 and -010, tested the "Benedict Zone" approximately 200 meters northwest
of the mine workings. While several significant vein zones were intersected,
assay results are still pending on hole -010. Highlights from available assays
are presented in the following table:
<<
--------------------------------------------------
Hole-ID From To Length (m) Zone AU (g/t) AU (opt)
--------------------------------------------------
PM07-005 186.00 187.00 1.00 Benedict South 9.60 0.28
--------------------------------------------------
PM07-006 185.50 186.50 1.00 Benedict South 4.99 0.15
--------------------------------------------------
PM07-007 88.50 89.00 0.50 Benedict South 9.08 0.27
--------------------------------------------------
PM07-007 173.50 175.50 2.00 Benedict North 8.14 0.24
--------------------------------------------------
PM07-007 181.00 183.50 2.50 Benedict North 10.22 0.30
--------------------------------------------------
NOTE: True widths estimated at approximately 75% of intersection width
>>
Individual assays in the Benedict Zone occur up to 43.62 g/t (1.27 opt)
and are confirmed by the presence of visible gold.
Drill holes PM07-002, -008 (abandoned) and -009 tested what is considered
the most prospective target in the Magnet Mine area. Historically, in 1988,
from the 11th level station of the Magnet Gold Mine, Roxmark drilled a flat
hole which intersected the Tombill-Bankfield fault horizon, host to the
largest mine in the district, approximately 500 meters south of the main
shaft. This hole intersected 45.26g/t Au (1.32 oz/ton) over 1.34 meters and
the host horizon is being targeted by current drilling. Several significant
mineralized vein zones have been intersected in this drilling and assays
remain pending. The current drilling is part of a major $2.5 Million dollar
ongoing exploration program.
In addition to Geraldton, a major exploration program has resumed on the
Rahill-Bonanza joint venture project in Red Lake (operated under a 49-51 Joint
Venture with Red Lake Gold Mines, an affiliate of GOLDCORP INC. (TSX:G,
NYSE:GG)). Drilling is expected to continue from the underground workings of
the Red Lake Gold Mines complex, on surface proximal to the Wilmar deposit,
and a major drill program will commence in the near future at Bonanza
consisting of in-fill and expansion drilling to further define the Bonanza
deposit, discovered in 2004, where previous drilling has returned numerous
significant intersections to depths of less than 400 meters including 13.27
g/t Au across 19.00 meters, 8.66 g/t Au across 22.0 meters and 5.05 g/t Au
across 34.95 meters. Work is underway for the completion of a NI 43-101
compliant resource estimation for the Bonanza deposit.
Stephen McGibbon, P. Geo., Executive Vice-President 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.
Premier Gold Mines Limited is a Canadian-based mineral exploration and
development company with diverse property holdings that include 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 Goldcorp Inc.. A strategic project is also located on the main
Musselwhite Gold Mine trend (Goldcorp).
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) 345-0284, E-mail: info@premiergoldmines.com, Web Site:
http://www.premiergoldmines.com
Thu Jan 24, 3:42 PM
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Shares Issued: 68,297,742
THUNDER BAY, ON, Jan. 24 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG.TO) is pleased to announce that drilling at the Magnet Gold Mine property in the Geraldton Camp, a resource property owned by Roxmark Mines Limited (TSX-V: RMK.V) and subject to an earn-in option by Premier, (the "Geraldton Project"), has intersected the primary target horizon, the Main "Tombill-Bankfield Break". Two distinct zones were intersected, confirming the presence of significant veining and mineralization in the target horizon (including visible gold).
Historically, in 1988, from the 11th level station of the Magnet Gold Mine, a flat hole intersected the Tombill-Bankfield fault horizon, host to the largest mine in the district, approximately 500 meters south of the main shaft. This hole intersected 45.26g/t Au (1.32 oz/ton) over 1.34 meters in the host horizon and was not followed-up. This host horizon was intersected at a depth of approximately 500 meters and is now the focus of current drilling with two drills. In addition to the target horizon, an additional mineralized zone was intersected further up-hole. The current drilling is part of a major $2.5 Million dollar ongoing exploration program.
In addition to the main target, recent drilling performed in the "Benedict Zone", a secondary target located proximal to the Magnet Mine, intersected gold mineralization including 10.22 grams per tonne gold (g/t Au; 0.30 opt) over 2.5m and 8.14g/t Au (0.23 opt) over 2.0m. The Geraldton Project is being operated by Premier under an option agreement with Roxmark.
The Geraldton 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 10 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.
Premier currently has 6 drills working on three of the company's core projects. In addition to Geraldton, a major exploration program has resumed on the Rahill-Bonanza joint venture project in Red Lake, operated under a 49- 51 Joint Venture with Red Lake Gold Mines, an affiliate of GOLDCORP INC. (TSX:G, NYSE:GG), and drilling is underway on the Santa Teresa Property in Mexico, a joint-venture project with Sutter Gold Mining Inc. (TSX-V: SGM.V).
Stephen McGibbon, P. Geo., Executive Vice-President 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.
Premier Gold Mines Limited is a fully-financed Canadian-based mineral exploration and development company with diverse property holdings that include 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 Goldcorp Inc.. A strategic project is also located on the main Musselwhite Gold Mine trend (Goldcorp).
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) 345-0284
E-mail: info@premiergoldmines.com
Web Site: http://www.premiergoldmines.com
Premier Gold Mines mit Bohrergebnissen vom Geraldton-Projekt
Nachdem Gold-Explorer Premier Gold Mines bereits am vergangenen Dienstag inmitten der größten Kurskapriolen mit vielversprechenden Bohrergebnissen von der Magnet Gold Mine im Geraldton-Camp aufwarten konnte, legte der Explorer gestern mit weiteren Ergebnissen von der Hauptzielzone des Projekts nach. Auf der im Besitz von Roxmark Mines befindlichen Liegenschaft wurden nach Angaben von Premier mit bloßem Auge sichtbare Goldvorkommen entdeckt. Weiterhin ergaben die Bohrungen 10,22 Gramm Gold / Tonne über eine Strecke von 2,5 Meter sowie 8,14 Gramm Gold / Tonne über 2 Meter. Premier Gold Mines hat die Magnet-Gold-Mine von Eigentümer Roxmark Mines gepachtet und betreibt das Projekt.
komplett hier:
http://aktien-blog.com/premier-gold-mines-geraldton-0001.html
Wed Feb 6, 9:15 AM
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Shares Issued: 68,647,742
THUNDER BAY, ON, Feb. 6 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG.TO) is pleased to announce the results of a NI 43-101 compliant inferred mineral resource estimate of the Bonanza Deposit, located on the Rahill-Bonanza Property, a joint venture between Premier (49%) and Red Lake Gold Mines (RLGM; 51%).
Highlights of this work show an inferred resource of 2,283,000 tonnes at an average grade of 6.98g/t Au over an average width of 3.1 meters (diluted - 2,468,000 tonnes at an average grade of 6.46g/t Au over an average width of 3.4 meters) using a 4.0g/t cut-off grade.
Results of the estimate, summarized in Table 1, reflect the following basic parameters:
- A gold price of US$750 per ounce
- A US$-CAD$ exchange rate at par
- A 4.0 gram per tonne (gpt) cut-off grade
- A depth extending from surface to 600-metres below surface
- A minimum horizontal width of 2.0 metres
- Specific Gravity (SG) of 2.87 based on preliminary metallurgical
test work
The deposit remains untested beneath the current resource.
Table 1 Bonanza Deposit at 4.0 gpt cut-off grade; tonnes, grams and
ounces rounded
--------------------------------------------------
DIL_
GRADE OUNCES HOR DIL_ GRADE DIL_
ZONE TONNES GRAMS AU (GPT) AU (m) TONNES (GPT) HOR
--------------------------------------------------
B1 479,000 3,355,000 7.01 108,000 3.2 508,000 6.61 3.4
B10 133,000 821,000 6.17 26,000 2.9 139,000 5.89 3.0
B11 105,000 1,626,000 15.48 52,000 2.6 125,000 13.03 3.0
B9 44,000 231,000 5.25 7,000 4.7 44,000 5.25 4.7
F1 409,000 2,703,000 6.60 87,000 3.0 465,000 5.81 3.4
F2 100,000 750,000 7.53 24,000 2.8 107,000 6.98 3.0
F3 402,000 1,828,000 4.55 59,000 5.7 402,000 4.55 5.7
F5 4,500 265,000 58.67 8,000 0.6 14,000 18.48 2.0
F6 192,000 956,000 4.99 31,000 3.0 198,000 4.83 3.1
RH1 174,000 1,312,000 7.52 42,000 2.9 191,000 6.88 3.1
RH2 241,000 2,087,000 8.66 67,000 2.1 275,000 7.60 2.4
--------------------------------------------------
Grand
Total 2,283,000 15,932,000 6.98 512,000 3.1 2,468,000 6.46 3.4
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At the 4.0 gpt-cut-off, the Bonanza Deposit is made up of 11 sub-parallel,
sub-vertical mineralized zones whose grade varies between 4.55 gpt and 18.48
gpt on a diluted basis, reflecting the higher grade nature of portions of the
deposit. Overall, the Bonanza Deposit resource has a grade of 6.46 gpt after
dilution. Dilution was introduced into the estimate in order to ensure all
subzones were represented with a minimum 2.0 metre horizontal width.
A second estimate, developed at 2.0 gpt cut-off grade, is summarized in
Table 2. It was completed in order to better understand the geometry of the
lower grade mineralization that may potentially be amenable to lower cost
mining methods. At a 2.0 gpt cut-off, individual sub zones grade up to
12.32 gpt after dilution, which ensures a minimum 3.0 metre horizontal width
with this lower grade estimate.
Table 2 Bonanza Deposit at 2.0 gpt cut-off grade; tonnes, grams and
ounces rounded
--------------------------------------------------
DIL_
GRADE HOR DIL_ GRADE DIL_
ZONE TONNES GRAMS (GPT) OUNCES (m) TONNES (GPT) HOR
--------------------------------------------------
B1 1,328,000 5,625,000 4.24 181,000 4.6 1,470,000 3.83 5.1
B10 152,000 911,000 5.98 29,000 2.5 206,000 4.42 3.4
B11 143,000 1,689,000 11.81 54,000 3.5 170,000 9.94 4.1
B4 279,000 735,000 2.63 24,000 5.6 285,000 2.58 5.7
B9 273,000 930,000 3.40 30,000 5.1 297,000 3.13 5.6
F1 1,546,000 6,105,000 3.95 196,000 5.1 1,699,000 3.59 5.6
F2 239,000 1,096,000 4.59 35,000 4.6 272,000 4.03 5.3
F3 537,000 2,210,000 4.12 71,000 7.6 552,000 4.01 7.8
F5 5,000 265,000 58.67 9,000 0.6 21,000 12.32 3.0
F6 993,000 3,102,000 3.12 100,000 7.5 1,002,000 3.10 7.6
RH1 643,000 2,705,000 4.21 87,000 4.8 710,000 3.81 5.3
RH2 520,000 2,972,000 5.72 96,000 2.9 679,000 4.38 3.8
--------------------------------------------------
Grand
Total 6,657,000 28,344,000 4.26 911,000 4.9 7,364,000 3.85 5.4
--------------------------------------------------
Figure 1 B1 Sub Zone Longitudinal Section - 4.0 gpt Cut Off
To view this Figure, please click here:
http://www.premiergoldmines.com/i/maps/Bonanza/2008-02-06_NRM.gif
Both estimates were completed utilizing a polygonal estimation methodology. Intercepts were projected onto vertical longitudinal sections for each sub zone. Mineralized zones were contoured manually with careful regard for the geological limitations of the deposit as defined by diamond drilling. Polygons were expanded up to, but not beyond, the contoured outlines of the deposit (See Figure 1). The full report is being completed by Gerald A. Harron of G.A. Harron and Associates Inc., an independent qualified person, as defined by National Instrument 43-101.
For 2008, the Joint Venture plans to conduct, a substantial diamond drill program at the Bonanza Deposit in order to increase the confidence of the estimate to a minimum "indicated resource" designation as well as expand the resource at depth.
Wilmar Deposit
--------------
In late 2007, Premier announced that the permitting process for potentially advanced exploration had been initiated for the Cochenour-Wilmar Project. Advanced exploration may include dewatering and rehabilitation of the Cochenour-Willans Gold Mine, which would provide underground access for delineation drilling at Wilmar on the joint venture property. The Wilmar Gold Mine is accessed through the Cochenour mine workings. During the final years of operations at Cochenour, 203,256 tons were mined from the Wilmar Mine at an average grade of at least 0.30 oz/ton Au (10.3 gpt Au). The Wilmar Mine carries a resource at closure and the deposit remains open at depth. Definition drilling of the mined horizons and of mineralized zones intersected in the current drill program can be carried out from underground, in addition to potential bulk sampling. Recent drilling at Wilmar has intersected the main horizon in all holes drilled at a depth up to 600 metres below the historic workings and over a strike length of 300 metres with assays that include 49.0 gpt Au over 1.0m, 14.2 gpt Au over 5.0m and 18.1 gpt Au over 2.0m.
Level 41 Drilling
-----------------
Drilling toward the Joint Venture project from RLGM's Campbell Complex has reached a depth of 1,239.6 metres and has been temporarily suspended while additional drill equipment is ordered. The primary target of this hole, collared on the 41 Level (approximately 1,875 meters or 6,150 feet below surface) is from approximately 1200-1650 metres. Drilling is expected to resume in the near future. Prior to reaching the main target area, a narrow gold-bearing zone was intersected, returning an assay of 6.80 gpt Au (0.20 oz/ton) over 1.0 metre.
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 fully financed Canadian-based mineral exploration and development company with diverse property holdings that include 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 (Goldcorp).
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) 345-0284
e-mail: info@premiergoldmines.com
Web Site: www.premiergoldmines.com
Der Junior könnte demzufolge auch HyLake sein!
Nur eine Vermutung!! Ist aber nachdenkenswert!
Premier DARF laut JV vereinbarungen keine NEWS zum JV ohne Goldcorp rausbringen.
Auch kein Beweis, aber die Indizien sprechen klar für PREMIER !
Wenn man Beweise sehen will - dann ist der Kurs schon explodiert.
310 g/t sind übrigens AURELIAN gade !