Premier has prepared an initial 14-hole diamond drill program of 3,650 metres on the STC in order to test the extent, continuity and grade of known gold-bearing vein structures previously evaluated only within 20 metres of surface.
The STC is located adjacent to and on strike from the past-producing Princessa Mine (the district's largest gold producer), whose orebody was known to extend close to the STC boundary. Data suggests that potential extensions of the Princessa Mine along strike and at depth have not been tested. The 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.
Premier is attracted to the El Alamo District because of a unique history of high mined grades, but little modern exploration. The properties being explored by Premier and its joint venture partner Sutter Gold Mining Inc (SGMI; SGM.V):
. Located within a proven (some 220,000 ounces of past production) gold district.
. Historical data indicates that mined grades within the district are between 1.00 and 2.00 ounces per ton (opt).
. The majority of district production occurred within 120 metres of surface, but remains open at depth.
. Has characteristics similar to the historic Mother Lode District of California.
The upcoming initial phase of exploration on the STC will conclude late in Q1 2008 and be followed up by a second phase that expands into the recently acquired STC2 concessions.
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 Ltd.
|
|
EXPLORATEUR |
CODE : PG.TO |
ISIN : CA74051D1042 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Premier Gold Mines est une société d’exploration minière d'or basée au Canada. Premier Gold Mines détient divers projets d'exploration au Canada et au Mexique. Ses principaux projets en exploration sont HARDROCK, GERALDTON, ARGOSY, EAST BAY, RAHILL-BONANZA, SADDLE GOLD, RAIN et NEWMAN-MADSEN au Canada et SANTA TERESA au Mexique. Premier Gold Mines est cotée au Canada. Sa capitalisation boursière aujourd'hui est 596,5 millions CA$ (474,8 millions US$, 399,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 08 avril 2011 à 8,00 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,85 CA$. Premier Gold Mines possède 201 530 000 actions en circulation. |