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09:47 AM EDT, 05/03/2016 (MT Newswires) -- Premier Gold Mines Limited (PG.TO) - which lost 4% on the TSX yesterday - has edged back up towards a 52 week high of $3.80 in early Tuesday trade after it provided its latest update from the winter drilling program on the company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. It said drill intercepts include 1.18 g/t Au across 117.0 metres.
According to a statement, results continue to extend the near surface mineralization in the Hasaga Porphyry area with the closest intercepts to surface (beneath the overburden) drilled to date. Although the winter portion of the program has been concluded, further results will be reported as the assays are received, it said.
PG said a portion of the program focused on the lands acquired along strike to the southwest. Initial results suggest the potential to materially expand both open pit and underground mineralization. Hole HMP103 is located approximately 200 metres southwest of previous drilling.
Price: 3.61, Change: +0.02, Percent Change: +0.6
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