PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to
announce that ongoing drilling at the Hardrock Project in Geraldton,
Northwestern Ontario: 1) has intersected the most significant
mineralization to date in the EP-Zone target; 2) has defined a robust
gold-bearing zone at the Tenacity target; and 3) demonstrates high-grade
gold potential in the Oreo Zone. This drilling continues to identify significant
near surface (open pit-style) mineralization contained within multiple
zones and continues to confirm high-grade potential proximal to existing
mine workings. Recent
highlights include:
EP-ZONE
The EP-Zone is comprised of near-surface mineralization proximal to the
historic North Zone mine workings. Drilling has identified multiple
sub-zones within the EP target consisting of the South Limb (SL) and North
Limb (NL). Significant mineralization has been intersected over a strike
length of 350 metres and remains open in all directions.
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.
|
Hole No.
|
Grid
|
Dip/Azimuth
|
Intersection
|
Int.
|
Int.
|
Au
|
Au
|
EPZone
|
|
Coordinates (m)
|
(Degrees)
|
From-to (m)
|
(m)
|
(ft)
|
(g/t)
|
(oz/ton)
|
|
EP023
|
504949E
|
-55/180
|
111.0 - 122.4
|
11.40
|
37.4
|
1.36
|
0.04
|
North Limb
|
|
|
5503237N
|
including
|
120.7 - 122.4
|
1.70
|
5.6
|
7.46
|
0.22
|
|
|
|
|
|
146.2 - 147.5
|
1.30
|
4.3
|
13.15
|
0.38
|
|
|
EP024
|
504900E
|
-45/180
|
24.0 - 32.5
|
8.50
|
27.9
|
0.82
|
0.02
|
|
|
|
5503189N
|
|
43.0 - 55.9
|
12.90
|
42.3
|
1.01
|
0.03
|
North Limb
|
|
EP025
|
504902E
|
-45/180
|
49.0 - 70.5
|
21.50
|
70.5
|
1.32
|
0.04
|
North Limb
|
|
|
5503222N
|
|
96.0 - 100.0
|
4.00
|
13.1
|
2.07
|
0.06
|
|
|
|
|
|
106.0 - 109.0
|
3.00
|
9.8
|
9.51
|
0.28
|
|
|
EP026
|
504902E
|
-60/180
|
79.0 - 141.7
|
62.70
|
205.7
|
2.37
|
0.07
|
North Limb
|
|
|
5503222N
|
including
|
79.0 - 88.0
|
9.00
|
29.5
|
7.73
|
0.23
|
|
|
|
|
including
|
97.7 - 119.9
|
22.20
|
72.8
|
2.28
|
0.07
|
|
|
|
|
including
|
132.6 - 141.7
|
9.10
|
29.9
|
2.88
|
0.08
|
|
|
|
|
|
198.6 - 201.0
|
2.40
|
7.9
|
1.92
|
0.06
|
|
The following holes were previously released on March 11, 2009 and are in
the same cross-section as EP023, which demonstrate strong continuity of
gold grade.
|
Hole No.
|
Grid
Coordinates (m)
|
Dip/Azimuth
(Degrees)
|
Intersection
From-to (m)
|
Int.
(m)
|
Int.
(ft)
|
Au
(g/t)
|
Au
(oz/ton)
|
Zone
|
|
EP021
|
504948E
5503189N
|
-50/180
Incl.
|
8.90-17.90
15.40-17.90
|
9.00
2.50
|
29.5
8.2
|
3.07
8.06
|
0.09
0.23
|
North Limb
North Limb
|
|
EP022
|
504948E
5503213N
|
-50/180 Incl.
|
52.00-61.00
85.00-96.40
92.20-94.70
103.00-106.20
|
9.00
10.80
2.50
3.20
|
29.5
37.4
8.2
10.5
|
2.62
4.34
10.01
1.08
|
0.08
0.13
0.29
0.03
|
North Limb
North Limb
North Limb
North Limb
|
* True widths estimated at approximately 70% of
intersection widths
TENACITY ZONE
Initial drilling at the Tenacity Zone has confirmed the potential for both
open pit and underground gold mineralization. Drilling has defined a zone
with a strike length of more than 400 metres and is open in all directions.
To date, 20 holes have been drilled into this target with the initial 11
summarized in the following table. Of particular significance is an
intersection of 4.13 g/t Au across 18.9 m in the western most down-plunge
drill-hole, TN011.
A longitudinal section of the Tenacity Zone, including historic intercepts
in this area, is available on the Premier website www.premiergoldmines.com.
Follow-up drilling continues to intersect strong vein zones including
several occurrences of visible gold. These intercepts demonstrate
significant gold mineralization within the Tenacity Zone, which remains
open down-plunge of TN011:
|
Hole No.
|
Grid
|
Dip/Azimuth
|
Intersection
|
Int.
|
Int.
|
Au
|
Au
|
Zone
|
|
Coordinates (m)
|
(Degrees)
|
From-to (m)
|
(m)
|
(ft)
|
(g/t)
|
(oz/ton)
|
|
TN001
|
505749E
|
-50/360
|
58.6 - 82.0
|
23.40
|
76.8
|
1.72
|
0.05
|
Tenacity
|
|
|
5502617N
|
|
88.5 - 89.5
|
1.00
|
3.3
|
2.68
|
0.08
|
TB
|
|
|
|
|
107.0 - 108.0
|
1.00
|
3.3
|
16.60
|
0.48
|
South HGV
|
|
TN002
|
505749E
|
-70/360
|
95.6 - 99.5
|
3.90
|
12.8
|
2.35
|
0.07
|
Tenacity
|
|
|
5502617N
|
|
124.5 - 127.5
|
3.00
|
9.8
|
1.73
|
0.05
|
TB
|
|
TN003
|
505648E
|
-45/360
|
80.0 - 97.0
|
17.00
|
55.8
|
1.02
|
0.03
|
Tenacity
|
|
|
5502605N
|
|
|
|
|
|
|
|
|
TN004
|
505647E
|
-55/360
|
169.0 - 170.4
|
1.40
|
4.6
|
1.20
|
0.04
|
TA
|
|
|
5502557N
|
|
176.0 - 180.2
|
4.20
|
13.8
|
1.30
|
0.04
|
Tenacity
|
|
TN005
|
505549E
|
-50/360
|
174.1 - 190.5
|
16.40
|
53.8
|
2.25
|
0.07
|
Tenacity
|
|
|
5502558 N
|
|
196.5 - 198.0
|
1.50
|
4.9
|
2.55
|
0.07
|
TB
|
|
TN006
|
505551E
|
-50/360
|
26.8 - 29.5
|
2.70
|
8.9
|
1.77
|
0.05
|
Upper Tenacity
|
|
|
5502504N
|
|
226.5 - 228.0
|
1.50
|
4.9
|
3.73
|
0.11
|
Tenacity
|
|
|
|
|
237.0 - 238.5
|
1.50
|
4.9
|
4.62
|
0.13
|
Tenacity
|
|
|
|
|
254.0 - 255.5
|
1.50
|
4.9
|
1.65
|
0.05
|
TB
|
|
TN007
|
505600E
|
-55/360
|
NSV
|
|
|
|
|
|
|
|
5502485N
|
|
|
|
|
|
|
|
|
TN008
|
505651E
|
-45/360
|
31.5 - 42.7
|
11.20
|
36.8
|
2.15
|
0.06
|
Tenacity
|
|
|
5502656N
|
|
53.0 - 78.3
|
25.30
|
83.0
|
2.25
|
0.07
|
Tenacity
|
|
TN009
|
505553E
|
-50/360
|
91.0 - 110.0
|
19.00
|
62.3
|
1.71
|
0.05
|
Tenacity
|
|
|
5502605N
|
|
138.0 - 152.0
|
14.00
|
45.9
|
4.77
|
0.14
|
Tenacity
|
|
|
|
|
183.5 - 186.5
|
3.00
|
9.8
|
2.11
|
0.06
|
East Pit
|
|
TN010
|
505642E
|
-55/360
|
226.5 - 228.7
|
2.20
|
7.22\
|
1.41
|
0.04
|
Tenacity
|
|
|
5502497N
|
|
|
|
|
|
|
|
|
TN011
|
505450E
|
-50/360
|
257.8 - 276.7
|
18.90
|
62.0
|
4.13
|
0.12
|
Tenacity
|
|
|
5502508N
|
|
|
|
|
|
|
|
* True widths estimated
at approximately 70% of intersection widths
** NSV - No significant assay values
OREO
ZONE
The Oreo Zone was identified in historic drilling between the two main
producing horizons at Hardrock, namely the North Iron Formation and the
Porphyry Hill horizons. The historic drilling, testing for mineralization
between these horizons returned numerous high-grade intercepts in the area
currently being tested. The current program has intersected gold
mineralization within the Oreo Zone and proximal to the North Zone mine
workings. The following table provides results from the continued drilling
at the Oreo and North Zones:
|
Hole No.
|
Grid
|
Dip/Azimuth
|
Intersection
|
Int.
|
Int.
|
Au
|
Au
|
Zone
|
|
Coordinates (m)
|
(Degrees)
|
From-to (m)
|
(m)
|
(ft)
|
(g/t)
|
(oz/ton)
|
|
OR004
|
504601E
|
-60/360
|
NSV
|
|
|
|
|
|
|
|
5502925N
|
|
|
|
|
|
|
|
|
OR005
|
504701E
|
-60/360
|
414.5 - 416.0
|
1.50
|
4.9
|
12.99
|
0.38
|
North
|
|
|
5502921 N
|
|
|
|
|
|
|
|
|
OR006
|
504653E
|
-55/360
|
96.0 - 109.0
|
13.00
|
42.6
|
2.03
|
0.06
|
West Pit
|
|
|
5502729N
|
including
|
96.0 - 97.0
|
1.00
|
3.3
|
11.89
|
0.35
|
West Pit
|
|
|
|
including
|
107.5 - 109.0
|
1.50
|
4.9
|
5.02
|
0.15
|
West Pit
|
|
|
|
|
121.1 - 125.5
|
4.40
|
14.4
|
1.44
|
0.04
|
PHP
|
|
OR007
|
504602E
|
-60/360
|
110.5 - 112.0
|
1.50
|
4.9
|
2.68
|
0.08
|
DS
|
|
|
5502865N
|
|
|
|
|
|
|
|
|
OR008
|
504700E
|
-60/360
|
57.2 - 58.7
|
1.50
|
4.9
|
1.70
|
0.05
|
PHP
|
|
|
5502865N
|
|
98.7 - 111.3
|
12.60
|
41.3
|
1.75
|
0.05
|
PHP
|
|
|
|
|
129.0 - 129.8
|
0.80
|
2.6
|
13.30
|
0.39
|
PHP
|
|
|
|
|
156.1 - 157.6
|
1.50
|
4.9
|
5.54
|
0.16
|
DS
|
|
|
|
|
225.1 - 226.6
|
1.50
|
4.9
|
6.02
|
0.18
|
DS
|
|
OR009
|
504553E
|
-60/360
|
230.5 - 235.0
|
4.50
|
14.8
|
1.30
|
0.04
|
DS
|
|
|
5502927N
|
|
263.5 - 271.0
|
7.50
|
24.6
|
1.48
|
0.04
|
Oreo
|
|
|
|
|
316.2 - 318.2
|
2.00
|
6.6
|
8.25
|
0.24
|
Oreo
|
|
|
|
|
349.7 - 350.7
|
1.00
|
3.3
|
10.20
|
0.30
|
Oreo
|
|
|
|
|
367.4 - 374.0
|
6.60
|
21.7
|
2.10
|
0.06
|
North
|
|
|
|
|
368.3 - 369.5
|
1.20
|
3.9
|
3.46
|
0.10
|
North
|
|
|
|
|
372.5 - 373.0
|
0.50
|
1.6
|
10.60
|
0.31
|
North
|
|
|
|
|
379.4 - 379.9
|
0.50
|
1.6
|
10.10
|
0.29
|
North
|
*True widths are estimated at approximately 70% of
intersection widths
The current program at Hardrock is expected to
consist of more than 50,000 metres of definition and exploration drilling.
The Project is operated under a joint venture with Roxmark Mines Limited
(TSX-V:RMK) (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:
- Open pit-style mineralization with grades exceeding 1.5 g/t Au
(Timmins, Hemlo)
- Broad zones of mineralization with grades averaging 5.0+ g/t Au
(Musselwhite)
- 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 assay 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.
For further information, please contact:
Ewan Downie, President & CEO
E-mail: info@premiergoldmines.com
Phone: 807-346-1390
Fax: 807-346-0100
Web Site: http://www.premiergoldmines.com