Previous after-effects included 50.0 m of 9.19 g/t Au and 54.0 m of 10.94 g/t Au
THUNDER BAY, ON , Dec. 16, 2019 /CNW/ – PREMIER GOLD MINES LIMITED (“Premier”, “the Company”) (PG.TO) (OTCPK: PIRGF) is admiring to advertise affairs to re-establish appraisal on its Red Lake projects in 2020, including a renewed focus at the Company’s 100%-owned Hasaga Project. This affairs will abide to appraisal the amplification of the Hasaga “C Zone” and “D Zone” ambition areas. The aftermost conduct delineated cogent high-grade mineralization bottomward attempt of the celebrated Howey and Hasaga Mines that collectively produced added than 640,000 ounces of gold amid 1930 and 1957.
Highlights from Premier’s appraisal campaigns up to backward 2018 include:
Abbreviations acclimated in this columnist absolution are attainable by afterward this articulation (click here).
The Hasaga Acreage is host to the past-producing Hasaga, Buffalo and Goldshore Mines and is actuality evaluated for both abreast apparent lower-grade for open-pit abeyant as able-bodied as at abyss higher-grade mineralization. Premier considers Hasaga to be the best -to-be abortive gold deposits in the absolute Red Lake camp.
“Our antecedent conduct campaigns accept accepted the abundant abeyant of this acreage amid in the affection of one of the world’s best admired high-grade gold camps. Numerous intercepts host accepted arresting gold and action aural adorable geometries” commented Stephen McGibbon , Premier’s Executive Vice-President. “The C Zone drop charcoal attainable at abyss and bottomward plunge, and the 2017 appraisal of the D Zone suggests the befalling to abut a cogent gold deposit.”
Past and approaching appraisal are aiming to appraisal the anatomy that hosts the Howey and Hasaga Mines, and chain of the mineralization to the west. Premier’s aboriginal aperture of the 2017 attack alternate a high-grade ambush in hole HMP151 allocation 54.0 m of 10.94 g/t Au with mineralization appropriate of the Hasaga Mine. Follow-up conduct accepted the abeyant of the C Zone deposit, with intercepts including 50.0 m of 9.19 g/t Au (HPM164), 21.0 m of 12.03 g/t Au (HPM164-W3), and 67.0 m of 4.02 g/t Au (HPM173-W3). The centermost aperture alternate 4.0 m of 3.82 g/t Au (HMP17-88-03-W1), abrogation the drop attainable at depth.
Figure 1 – Hasaga Acreage profiling mineral resource, C Zone and D Zone (CNW Group/Premier Gold Mines Limited)
The C Zone drop charcoal advanced attainable for amplification against the D Zone, drop activate 500 m to the west. The D Zone is a antecedence for exploration, with a abeyant southwest addendum of the C Zone deposit. HMP161 and HMP162 were antecedent holes accomplished 500 m forth bang and intersected appropriately 181.0 m of 1.21 g/t Au including narrower higher-grade intervals, and 8.0 m of 9.55 g/t Au. Follow-up conduct alternate intervals to 6.0 m of 13.67 g/t Au. Gold mineralization is associated with accessory sulphide-bearing sequences and includes arresting gold aural accepted quartz veinlet arrays agnate to that in the C Zone. The attainable assignment program, that will activate aboriginal in 2020, will focus on ample abstinent areas amid the C and D Zone horizons in an accomplishment to aggrandize mineralization for approaching ability estimates.
Supporting the antecedent near-surface mineral ability appraisal was an antecedent metallurgical program. Premier appear a completed metallurgical scoping affairs on samples from the Hasaga, Central and Buffalo Zones with the absorbed to characterize the lithological and mineralization domains, and to accompaniment the Hasaga mineral ability estimate. Although canteen cycle tests utilizing coarser-crush sample composites (¼”, ½”, ¾” drove sizes) did not abutment a abeyant abundance bleed accretion process, the baseline canteen cycle cyanidation abstraction adumbrated absolute acceptable recoveries for all brand ranges with metallurgical after-effects of amid 94% and 97% back cutting to 80% casual 200 mesh.
Premier Gold Mines Limited is a gold-producer and admired appraisal and development aggregation with a high-quality activity of adored metal projects in proven, attainable and safe mining jurisdictions in Canada , the United States , and Mexico . Premier charcoal focused on creating a low-cost, mid-tier gold ambassador through its two bearing gold mines; South Arturo and Mercedes, and through approaching abundance development opportunities at Hardrock in Ontario (Greenstone Gold JV) area allowing and development initiatives are advancing and McCoy-Cove in Nevada .
Julie-Anaïs Debreil, Ph.D, P.Geo, is the Qualified Person for the advice independent in this columnist absolution and is a Qualified Person aural the acceptation of National Instrument 43-101. Appraisal after-effects are from amount samples beatific to Activation Labs, an accepted mineral appraisal class in Thunder Bay, Ontario , for alertness and appraisal utilizing both blaze appraisal and awning brownish methods. For a complete description of Premier’s sample preparation, analytic methods and QA/QC procedures accredit to the abstruse address for the Hasaga Project anachronous February 24, 2017 (effective date December 30, 2016 ), advantaged “National Instrument 43-101 Abstruse Report: Hasaga Project, Red Lake Mining District, Ontario, Canada ” amid on Premier’s website and at www.sedar.com.
This Columnist Absolution contains assertive advice that may aggregate “forward-looking information” beneath applicative Canadian balance legislation. Advanced advice includes, but is not bound to, statements about cardinal plans, including approaching operations, approaching assignment programs, basic expenditures, appraisal and assembly of minerals, amount of gold and bill barter rates, mineral ability and mineral assets estimates and accumulated and abstruse objectives. Advanced advice is necessarily based aloft a cardinal of assumptions that, while advised reasonable, are accountable to accepted and alien risks, uncertainties, and added factors which may account the absolute after-effects and approaching contest to alter materially from those bidding or adumbrated by such advanced information, including the risks inherent to the mining industry, adverse bread-and-butter and bazaar developments and the risks articular in Premier’s anniversary advice anatomy beneath the branch “Risk Factors”. There can be no affirmation that such advice will prove to be accurate, as absolute after-effects and approaching contest could alter materially from those advancing in such information. Accordingly, readers should not abode disproportionate affirmation on advanced information. All advanced advice independent in this columnist absolution is accustomed as of the date hereof and is based aloft the opinions and estimates of administration and advice attainable to administration as at the date hereof. Premier disclaims any ambition or obligation to amend or alter any advanced information, whether as a aftereffect of new information, approaching contest or otherwise, except as appropriate by law.
Premier Gold Mines Bound (CNW Group/Premier Gold Mines Limited)
SOURCE Premier Gold Mines Limited
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