El Alamo
District’s gold production
halted at its peak owing to technological and political circumstances
early in
the 20th century, thus presenting a unique
opportunity to the JV
today. The
mineralization in the
district is characterized by common visible gold hosted within narrow
and
near-vertical quartz veins associated with felsic intrusives.
Premier’s
senior management experience in the Red Lake
District of NW Ontario coupled with Sutter’s experience in
the Mother Lode
District of California makes this JV team extremely well-suited to
exploring
the El Alamo District successfully.
Stephen McGibbon, Premier’s COO and former
Goldcorp Inc. Chief Geologist
in Red
Lake
commented that “we envision
excellent potential to discover high grade ore bodies in the El Alamo
District
given its strong history, and insufficient exploration.” Further he commented that
“while this is an
early stage project, it is expected that initial exploration could
yield very
exciting results.”
Premier
will earn an initial 50% interest in the
project by:
|
Premier Gold Mines Ltd.
|
|
EXPLORATION STAGE |
CODE : PG.TO |
ISIN : CA74051D1042 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Premier Gold Mines is a gold exploration company based in Canada. Premier Gold Mines holds various exploration projects in Canada and in Mexico. Its main exploration properties are HARDROCK, GERALDTON, ARGOSY, EAST BAY, RAHILL-BONANZA, SADDLE GOLD, RAIN and NEWMAN-MADSEN in Canada and SANTA TERESA in Mexico. Premier Gold Mines is listed in Canada. Its market capitalisation is CA$ 596.5 millions as of today (US$ 474.8 millions, € 399.1 millions). Its stock quote reached its highest recent level on April 08, 2011 at CA$ 8.00, and its lowest recent point on March 20, 2020 at CA$ 0.85. Premier Gold Mines has 201 530 000 shares outstanding. |