Drilling Intersects 112.8 m of 7.29 g/t
Au at Phase 3 and 24.4 m of 20.60 g/t Au at El Niño
THUNDER BAY, ON, Oct. 28, 2019 /CNW/ - PREMIER GOLD MINES
LIMITED (TSX: PG) (OTCPK: PIRGF) ("Premier", "the Company") is
pleased to announce commercial production has been achieved, ahead
of schedule, at the El Niño underground mine, the Company's
40%-owned South Arturo Property located in the Carlin Trend of
Nevada. Also, new definition and
step-out drilling results from the ongoing 2019 campaign are
showing better outcomes than projected. Initial production supports
this and emphasizes the continued opportunity to expand high-grade
mineralization on the property. The South Arturo Mine is a joint
venture between Premier and Nevada Gold Mines LLC, a joint
venture between Newmont-Goldcorp and Barrick Gold Exploration Inc.
("Barrick") operated by Barrick. Highlight intercepts include:
El Niño
- 24.4 m of 20.60 g/t Au
(SEC19010)
- 50.3 m of 6.36 g/t Au
(SEC19009)
- 39.6 m of 8.75 g/t Au
(SEC19001)
- 32.0 m of 10.09 g/t Au
(IER19021)
Phase 3
- 112.8 m of 7.29 g/t Au
(MAD19004)
- 62.5 m of 7.93 g/t Au
(MAD19002)
- 118.9 m of 1.78 g/t Au
(MAD19005)
Production at El Niño has commenced ahead of schedule and
on budget, with high-grade ore now being processed at the
Goldstrike facility located 8 km to the south. Based on
current projections, overall gold production from South Arturo is
anticipated to surpass expectations, which called solely for
pre-production ore, for the year. Development of the Phase 1
pit is ongoing.
In 2019, multiple drill programs are being completed including
in-fill and step-out drilling from the underground drill stations
at the El Niño mine, geotechnical drilling at the proposed
Phase 3 pit project, and drilling at the East Dee target.
El Niño Drill Program
During 2019, definition and step-out drill holes are being
completed from underground drill stations at the newly constructed
El Niño mine. Although some assay remains pending, results received
to date have exceeded expectations (Table 1,
Figure 1).
Table 1 –
2019 El Niño RC In-fill and Step-out Drill Results. True widths are
estimated at 70 to 100%
|
Hole
ID
|
From
m
|
To
m
|
Length
m
|
Au
g/t
|
SEC19001
(Core)
|
4.6
|
44.2
|
39.6
|
8.75
|
SEC19001A
|
6.1
|
38.1
|
32.0
|
9.93
|
SEC19003
|
111.3
|
118.9
|
7.6
|
3.98
|
SEC19004A
|
93.0
|
102.1
|
9.1
|
11.01
|
SEC19009
|
67.1
|
117.3
|
50.3
|
6.36
|
SEC19010
|
76.2
|
100.6
|
24.4
|
20.60
|
SER19001
|
44.2
|
67.1
|
22.9
|
23.22
|
IER19001
|
13.7
|
47.2
|
33.5
|
9.47
|
IER19002
|
1.5
|
42.7
|
41.1
|
11.41
|
IER19003
|
4.6
|
47.2
|
42.7
|
7.20
|
Including
|
12.2
|
21.3
|
9.1
|
14.67
|
IER19006
|
29.0
|
73.2
|
44.2
|
6.30
|
IER19007
|
16.8
|
25.9
|
9.1
|
14.00
|
|
33.5
|
47.2
|
13.7
|
8.31
|
IER19009
|
47.2
|
71.6
|
24.4
|
12.75
|
IER19010
|
25.9
|
54.9
|
29.0
|
3.69
|
IER19013
|
42.7
|
64.0
|
21.3
|
15.58
|
IER19016
|
41.1
|
61.0
|
19.8
|
16.46
|
IER19017
|
45.7
|
57.9
|
12.2
|
10.75
|
IER19020
|
1.5
|
24.4
|
22.9
|
5.24
|
IER19021
|
1.5
|
33.5
|
32.0
|
10.09
|
IER19022
|
0.0
|
53.3
|
53.3
|
8.30
|
IER19024
|
36.6
|
79.2
|
42.7
|
5.98
|
IER19025
|
51.8
|
67.1
|
15.2
|
8.41
|
IER19026
|
53.3
|
70.1
|
16.8
|
13.60
|
IER19027
|
38.1
|
67.1
|
29.0
|
3.96
|
IER19028
|
50.3
|
68.6
|
18.3
|
13.13
|
IER19031
|
33.5
|
85.3
|
51.8
|
11.13
|
IER19032
|
35.1
|
57.9
|
22.9
|
5.89
|
|
67.1
|
94.5
|
27.4
|
6.58
|
IER19033
|
38.1
|
96.0
|
57.9
|
5.08
|
IER19035
|
41.1
|
65.5
|
24.4
|
5.59
|
|
89.9
|
106.7
|
16.8
|
11.06
|
IER19036
|
44.2
|
57.9
|
13.7
|
5.60
|
GER19001
|
16.8
|
47.2
|
30.5
|
5.72
|
GER19002
|
18.3
|
27.4
|
9.1
|
25.89
|
At the contact of the Rodeo Creek and Bootstrap formations, the
host silica-sulphide breccia unit is presenting thicker intercepts
than previously thought. Finally, work continues to advance the
potential for processing run-of-mine (heap leach) material from
Phase 1, currently being stockpiled, and Phase 3.
Phase 3 Pit Project
In an ongoing effort to advance the Phase 3 pit project
into future mine planning, geo-technical and geo-metallurgical
drilling is being performed. The program continues to expand
mineralization within the deeper high-grade breccia target in
addition to potential heap leach ore in the upper parts of the
deposit (Table 2, Figure 2). Highlight results received
to date from the 2019 drill program are presented in Table 2
with some assays still pending.
Table 2 –
2019 Phase 3 Core Drill Results. True widths are estimated at
70 to 100%
|
Hole
ID
|
From m
|
To m
|
Length m
|
Au g/t
|
MAD19001
|
221.0
|
257.6
|
36.6
|
4.67
|
Including
|
231.6
|
240.8
|
9.1
|
11.99
|
MAD19002
|
205.7
|
268.2
|
62.5
|
7.93
|
MAD19004
|
242.3
|
355.1
|
112.8
|
7.29
|
MAD19005
|
262.1
|
329.8
|
67.7
|
1.90
|
MAD19007
|
32.0
|
150.9
|
118.9
|
1.78
|
MAD19021
|
198.1
|
204.2
|
6.1
|
2.63
|
East Dee Target
Drilling to further assess the opportunity of the East Dee
Target is nearing completion. East Dee is located immediately east
of the current Phase 1 open pit. Drilling in 2018 returned
numerous significant intercepts including 25.9 m of
5.8 g/t Au in hole BD18-05C and 21.3 m of
6.5 g/t Au in hole BD18-08C. 2019 drilling has
multiple intercepts of silica-sulphide-breccia, confirming the
potential of this target. Assay results will be released in the
future.
Premier Gold Mines Limited is a gold-producer
and respected exploration and development company with a
high-quality pipeline of precious metal projects in proven,
accessible and safe mining jurisdictions in Canada, the United
States, and Mexico. Premier remains focused on creating
a low-cost, mid-tier gold producer through its two producing gold
mines; South Arturo and Mercedes, and through future mine
development opportunities at Hardrock in Ontario (Greenstone Gold JV) where permitting
and development initiatives are ongoing and McCoy-Cove in
Nevada.
Stephen McGibbon, P. Geo.,
Executive Vice President, Corporate and Project Development, is the
Qualified Person for the information contained in this press
release and is a Qualified Person within the meaning of National
Instrument 43-101. The primary assay laboratories for the South
Arturo Mine are ALS Chemex Labs (ALS Chemex) and American Assay
Labs (American Assay) in Reno,
Nevada. For a complete description of sample preparation,
analytical methods and QA/QC procedures, refer to the technical
report dated March 26, 2018
(effective date December 31, 2017),
entitled "Technical Report on the South Arturo Mine, Elko County, State
of Nevada, USA" located on Premier's website and at
www.sedar.com.
Table 3 -
Collar coordinates
|
UTM
|
Project
|
Hole
ID
|
North
m
|
East
m
|
Elevation
m
|
Azimuth
|
Dip
|
NAD83
– Zone 11
|
South
Arturo
|
SEC19001
|
549216
|
4543321
|
1532
|
096
|
-12
|
South
Arturo
|
SEC19001A
|
549216
|
4543322
|
1532
|
099
|
-11
|
South
Arturo
|
SEC19003
|
549360
|
4543260
|
1527
|
182
|
-54
|
South
Arturo
|
SEC19004A
|
549479
|
4543398
|
1504
|
060
|
-61
|
South
Arturo
|
SEC19009
|
549272
|
4543419
|
1496
|
072
|
-7
|
South
Arturo
|
SEC19010
|
549272
|
4543419
|
1496
|
068
|
-12
|
South
Arturo
|
SER19001
|
549272
|
4543418
|
1496
|
127
|
2
|
South
Arturo
|
SER19002
|
549272
|
4543418
|
1496
|
038
|
2
|
South
Arturo
|
IER19001
|
549216
|
4543322
|
1532
|
069
|
-12
|
South
Arturo
|
IER19002
|
549216
|
4543321
|
1532
|
084
|
-9
|
South
Arturo
|
IER19003
|
549216
|
4543320
|
1532
|
105
|
-9
|
South
Arturo
|
IER19006
|
549269
|
4543400
|
1516
|
153
|
-2
|
South
Arturo
|
IER19007
|
549269
|
4543400
|
1516
|
136
|
-13
|
South
Arturo
|
IER19009
|
549271
|
4543403
|
1515
|
102
|
-10
|
South
Arturo
|
IER19010
|
549271
|
4543403
|
1515
|
085
|
-13
|
South
Arturo
|
IER19013
|
549408
|
4543320
|
1519
|
257
|
2
|
South
Arturo
|
IER19016
|
549408
|
4543320
|
1519
|
260
|
-9
|
South
Arturo
|
IER19017
|
549408
|
4543320
|
1519
|
275
|
-7
|
South
Arturo
|
IER19020
|
549443
|
4543363
|
1508
|
233
|
5
|
South
Arturo
|
IER19021
|
549443
|
4543363
|
1508
|
258
|
4
|
South
Arturo
|
IER19022
|
549273
|
4543506
|
1482
|
273
|
2
|
South
Arturo
|
IER19024
|
549273
|
4543506
|
1482
|
106
|
-1
|
South
Arturo
|
IER19025
|
549272
|
4543418
|
1496
|
098
|
1
|
South
Arturo
|
IER19026
|
549272
|
4543418
|
1496
|
107
|
1
|
South
Arturo
|
IER19027
|
549272
|
4543418
|
1496
|
098
|
1
|
South
Arturo
|
IER19028
|
549273
|
4543506
|
1482
|
082
|
2
|
South
Arturo
|
IER19031
|
549273
|
4543506
|
1482
|
119
|
7
|
South
Arturo
|
IER19032
|
549273
|
4543506
|
1482
|
113
|
-4
|
South
Arturo
|
IER19033
|
549273
|
4543506
|
1482
|
110
|
-5
|
South
Arturo
|
IER19035
|
549273
|
4543506
|
1482
|
097
|
-5
|
South
Arturo
|
IER19036
|
549216
|
4543322
|
1532
|
090
|
-8
|
South
Arturo
|
GER19001
|
549254
|
4543402
|
1497
|
003
|
18
|
South
Arturo
|
GER19002
|
549254
|
4543402
|
1497
|
007
|
-15
|
South
Arturo
|
MAD19001
|
548568
|
4542631
|
1792
|
124
|
-80
|
South
Arturo
|
MAD19002
|
548693
|
4542564
|
1776
|
257
|
-68
|
South
Arturo
|
MAD19004
|
548593
|
4542403
|
1743
|
079
|
-81
|
South
Arturo
|
MAD19005
|
548581
|
4542368
|
1756
|
085
|
-82
|
South
Arturo
|
MAD19007
|
548391
|
4542619
|
1720
|
150
|
-76
|
South
Arturo
|
MAD19021
|
548539
|
4542860
|
1775
|
088
|
-70
|
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, mineral resource and mineral reserve estimates 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