Premier-Roxmark - Additional drill added - Drill results include 2.01g/t Au across 101.0 metres

    Shares Issued: 68,747,742

    THUNDER BAY, ON, June 3 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that a third drill has been added to accelerate
exploration at the Geraldton Project in Northwestern Ontario. To-date gold has
been discovered in the first three targets tested as part of the ongoing
program. Drilling has now moved to test the primary two targets of the
program, while one drill continues to expand on mineralization identified in
the recently discovered zones.
    Discoveries so far include two broad parallel (open pit style) horizons
and high-grade veins located proximal to the historic Little Long Lac Gold
Mine. As previously released, results to-date from drilling in the recently
discovered Kailey Zone include 39.64g/t Au (1.16 oz/ton) across 2.0 metres
contained within a wider zone of mineralization which returned 5.87g/t Au
across 16.0 metres, and 2.01g/t Au across 101.0 metres. Two drills have been
moved to begin testing the two primary targets of the program.
    Despite the early successes of the program, the two primary targets
identified for testing during the current Phase I program, the "Mine
Repetition" and the Talmora Anticline Zone ("TAZ"), remain untested. The "Mine
Repetition" target represents the interpreted fault offset of the host horizon
of the historic Little Long Lac Gold Mine from which more than 600,000 ounces
of gold was produced during the period 1934-53 at an average grade of
11.66g/t Au. The first two holes have successfully intersected mineralized
vein zones in the intended target area (assays pending). The TAZ target is a
large untested fold structure similar to those that host the largest mines in
the district. A ground geophysical survey has identified several prospective
structural targets at TAZ, some with coincident gold-in-soil anomalies.
    Premier holds the option to acquire up to a 70% interest in the Geraldton
Project from Roxmark Mines Limited (TSX-V:RMK) by making cash and share
payments to Roxmark, and performing exploration on the Project. The current
Phase I drilling is part of an ongoing minimum $2.5 Million exploration
program aimed at confirming Premier's belief that numerous untested
prospective areas of the property could host gold mineralization. A systematic
drill program is being carried out at Little Long Lac in an effort to discover
new zones and to build gold resources in the Kailey, the No.9, No.10, and
No.11 Vein zones.
    The "Geraldton Project" is located in the heart of the
Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold
district that has seen relatively little exploration over the past several
decades. The Project area covers approximately 10 kilometres of some of the
most prospective geology in the region and is host to three past-producing
mines and numerous exploration targets in a district that has seen historic
production of more than 4.1 Million ounces of gold. Several slides of the
Little Long Lac area can be viewed on the Premier Gold Mines Limited website,
www.premiergoldmines.com.

Full release

 http://www.newswire.ca/en/releases/archive/June2008/03/c7453.html