07:30 AM EDT, 10/03/2016 (MT Newswires) -- PREMIER GOLD MINES LIMITED (PG.TO) confirmed Monday a current Mineral Reserve and Resource estimate for the company's 100%-owned Mercedes Mine, located in the State of Sonora, Mexico, some 65 kilometres southeast of Magdalena de Kino. Highlights of the June 30, 2016 Mercedes estimate include:

Proven & Probable Reserves exceed 400,000 ounces gold, a 21% increase from 2015 net of depletion; Proven Reserve grade exceeds 6.00 g/t Au; Measured & Indicated Resources of 382,000 ounces gold and 4.4 million ounces of silver; and Measured & Indicated Resource grade has increased 23% to 4.14 g/t Au