THUNDER BAY, ON, May 5, 2017 /CNW/ - PREMIER GOLD MINES LIMITED
("Premier" or "The Company") (TSX:PG) is pleased to confirm
that it has filed a technical report ("Report") prepared for the
McCoy-Cove Project in accordance with Canadian Securities
Administrators' National Instrument 43-101. The Report may be found
on the Company website or under the Company's profile at
www.sedar.com.
Highlights of the McCoy-Cove mineral resource estimate
include:
- Total Indicated Mineral Resources of 614,000 t @ 11.57 g/t Au
for 228,000 ounces of gold
- Total Inferred Mineral Resources of 3,378,000 t @ 12.17 g/t Au
for 1,322,000 ounces of gold
The independent report, dated April 15,
2017 (effective date March 21,
2017), entitled "Technical Report on the McCoy-Cove Gold
Project, Lander County,
State of Nevada, USA" was
completed by Roscoe Postle Associates Inc., and provides detail to
the disclosure contained in the Company's news release issued on
March 21, 2017. Qualified persons for
the report include Luke Evans,
M.Sc., P.Eng. and Tudorel Ciuculescu, M.Sc., P.Geo.
Stephen McGibbon (P. Geo.), is
responsible for the information contained in this press release,
and is a Qualified Person within the meaning of National Instrument
43-101.
Premier Gold Mines Limited is one of North America's leading exploration companies
with a high-quality pipeline of projects focused in proven, safe
and accessible mining jurisdictions in Canada and the
United States that includes world class gold mining
districts such as Red Lake and
Geraldton in Ontario and the Eureka-Battle Mountain Trend
in Nevada.
This Press Release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward-looking information includes, but
is not limited to, statements about strategic plans, including
future operations, future work programs, capital expenditures,
discovery and production of minerals, price of gold and currency
exchange rates, timing of geological reports and corporate and
technical objectives... Forward-looking information is necessarily
based upon a number of assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking information, including the risks inherent to the
mining industry, adverse economic and market developments and the
risks identified in Premier's annual information form under the
heading "Risk Factors". There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking information. All forward-looking
information contained in this press release is given as of the date
hereof and is based upon the opinions and estimates of management
and information available to management as at the date hereof.
Premier disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
SOURCE Premier Gold Mines Limited