Premier Gold Mines Says Hasaga Delivers Positive Year End Drill

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Premier Gold Mines Says Hasaga Delivers Positive Year End Drill

posted on Dec 20, 2016 10:06AM

Results in Red Lake

2016-12-20 08:38:00 AM ET (MT Newswires)

08:38 AM EST, 12/20/2016 (MT Newswires) -- Premier Gold Mines Limited (PG.TO) provided Tuesday results from the remainder of the 2016 surface drilling program and metallurgical test work completed on the company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. A statement said the program was primarily focused on the in-fill drilling of near surface mineralization in key target areas in advance of a maiden mineral resource estimate that is expected to be released early in Q1 2017.

Premier's largest 2016 exploration program was completed at Hasaga that included 50,000 metres of drilling. The resource estimate that will focus on the open pit potential of the Hasaga, Central and Buffalo Zones will also include an additional 60,000 metres of drilling that was completed in 2015.

Highlights from the final batch of the 2016 drill hole results include the following: HMP141 intersected 2.87 g/t Au across 46.0 m beginning at 185.0 m, including 4.28 g/t Au across 28.0 m; HMP145 intersected 1.67 g/t Au across 70.0 m beginning at 89.0 m; HMP147 intersected 2.22 g/t Au across 42.0 m beginning at 142.0 m;

HLD073 intersected 3.88 g/t Au across 32.0 m beginning at 308.0 m, including 55.70 g/t Au across 2.0 m; and metallurgical results demonstrate gold recoveries of between 94% and 97%.