THUNDER BAY, ON, Nov. 20, 2019 /CNW/ - PREMIER GOLD MINES
LIMITED ("Premier", "the Company") (TSX:PG) (OTCPK:
PIRGF) is pleased to announce that Greenstone Gold Mines Inc.
("GGM", the "Partnership"), a 50/50 joint venture between Premier
and Centerra Gold Inc., has signed a Long-term Relationship
Agreement ("LTRA") with Aroland First Nation, Animbiigoo Zaagi'igan
Anishinaabek, and Ginoogaming First Nation, collectively the First
Nations ("First Nations"), with respect to the development and
operation of the Hardrock Project ("Project"), located in the
Geraldton-Beardmore Greenstone Belt in Ontario, Canada.
The signing of this agreement represents another important
milestone as the Partnership continues to advance the project to an
ultimate production decision. "GGM is committed to sustainable
development and we are proud to celebrate this achievement with
Aroland First Nation, Animbiigoo Zaagi'igan Anishinaabek, and
Ginoogaming First Nation and grateful for their support" stated
Eric Lamontagne, Greenstone Gold
Mines General Manager.
The LTRA formalizes the Partnership's commitment towards
protecting the environment and supporting the local First Nations
social and cultural practices, and provides for environmental
monitoring, employment, training, business and contracting
opportunities. The agreement establishes increased certainty
regarding GGM's and the First Nations' opportunity to mutually
benefit from future mining opportunities in the region.
"This LTRA represents the successful completion of negotiations
with local First Nations regarding the development of Hardrock",
stated John Begeman, Executive
Chairman of Premier. "With all local communities in support of this
Project, Hardrock moves one step closer to becoming a reality."
"We have an agreement that will provide our communities with
meaningful environmental participation, business opportunities,
employment and training, and financial benefits. Our First Nations
look forward to continuing our positive working relationship with
GGM and playing an integral role in mineral development in our
Territory to foster positive changes in our communities", said
Chief Dorothy Towedo (Aroland First
Nation), Chief Theresa Nelson
(Animbiigoo Zaagi'igan Anishinaabek), and Chief Celia Echum (Ginoogaming First Nation).
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.
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