Shares Issued: 78,510,179
THUNDER BAY, ON, Sept. 14 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that drilling at Hardrock has intersected a new and
potentially high-grade gold structure located in close proximity to the EP
(open pit) Zone. Several holes have intersected this new zone with grades up
to 1,141.54 grams per tonne gold (g/t Au) or 33.33 oz/ton across 2.0 metres
(m). Additionally, ongoing drilling at the New North ('NN') Zone continues to
define higher-grade, underground-style, gold mineralization.
High Grade Intercept
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A new structure containing high-grade gold mineralization has recently
been identified immediately north of the EP Zone, and in close proximity to
existing mine workings. This new intercept is marked by high grade, narrow
vein-style, gold mineralization similar to several of the high grade mines
located in the Beardmore-Geraldton Greenstone Belt, including the Little Long
Lac and Magnet Gold Mines that are located on the Hardrock Project.
Hole EP105 has returned one of the highest ever gold results from
drilling in the entire district with an intersection of 1,141.54 g/t Au
(33.33oz/ton) across 2.0m (6.6 feet) including 2,535 g/t Au (74.02 oz/ton)
across 0.9m (3.0 feet) (True widths estimated at approximately 70% of
intersection widths). Several additional holes are believed to have
intersected this structure including OR005, located approximately 35 metres
down-dip of EP105, which assayed 12.99g/t Au (0.38 oz/ton) across 1.5m (4.9
feet), EP107 (located approximately 100 metres along strike to the east and up
plunge EP105) with assays pending, EP108 (located approximately 150 metres
along strike to the east and up-plunge of EP105) with assays pending, EP064
(located 50 metres along strike to the west) which assayed 20.10 g/t Au (0.59
oz/ton) over 0.7m (2.3 feet), and OR002 (located 50 metres along strike to the
west and down plunge) with assays pending. Detailed drilling of this new
discovery is now underway.
"Intersecting such high grade mineralization is always encouraging."
stated Stephen McGibbon, Premier's Executive VP and COO. "We know that this
camp has a history of high grade mineralization and an intercept like this can
have important implications for us if we can confirm some continuity to this
structure."
NN Zone
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The NN Zone is located along strike from, and within the same iron
formation, that hosted the North and West Zones at the historic mine.
