Includes 13.0 m of 12.05 g/t Au
contained within 38.8 m of 4.93 g/t Au
THUNDER BAY, ON, Sept. 10, 2020 /CNW/ - PREMIER GOLD MINES
LIMITED ("Premier", "the Company") (TSX:PG)
(OTCPK:PIRGF) is pleased to report exploration progress on the
Company's 25,000 m drilling campaign at its 100%–owned Hasaga
Project in Red Lake, Ontario. The
Hasaga Project, located contiguous with Pure Gold Mining's Madsen
Project (1 million ounces of high-grade probable reserves
earmarked for Q4 2020 production), and is host to an important 2017
discovery that includes high-grade mineralization with true widths
up to 30 m that remains open for expansion. The Epp-C and
Epp-D zones represent priority targets to host the next generation
of mineral resources with highly attractive attributes for
potential mine development.
Highlights from the 2020 exploration campaign include:
- The Epp-C zone has been extended at least 150 m to the west and 60
m to the east with respectively
-
- 13.0 m of 12.05 g/t Au
contained within 38.8 m of 4.93 g/t
Au (HMP192)
- 4.2 m of 9.23 g/t Au contained
within 9.6 m of 4.71 g/t Au
(HMP185W2)
- The Epp-D is still wide open laterally and at depth and
highlighted mineralization continues with:
-
- 13.8 m of 6.04 g/t Au
contained within 45.5 m of 2.11 g/t
Au (HMP186W1)
- 16.5 m of 2.52 g/t Au
(HMP186)
- The Hasaga Porphyry, main host of the mineralization was
intercepted 600 m west of the known
zone and returned 13.1 m of 2.49 g/t
Au and 4.0 m of 2.25 g/t Au
(HMP191)
- The Buffalo mineralization was drilled 300 m east of the known Buffalo zone with visible
gold and an overall intercept of 5.9
m of 3.52 g/t Au (HMP193)
The mineralized underground zone was newly renamed "Epp Zone",
in memory of Mark Epp, senior
geologist who spent most of his career in the Red Lake mining camp. Abbreviations used in
this press release are available by following this link (click
here).
The Red Lake Mining District remains Canada's pre-eminent jurisdiction for
high-grade gold that includes a series of important 21st
century discoveries. The Hasaga Property is host to the
past-producing Hasaga, Buffalo and Goldshore Mines and is currently
being evaluated as a potential analogue to Pan American Silver's
Timmins West Mine. Previous drilling
campaigns suggest an underground mineral deposit with significant
widths and predictable continuity. Premier has earmarked some
$4M for 25,000 m of exploration
and initial delineation drilling in 2020 to support an updated
mineral resource estimate for the property. To date in 2020, 18
holes and 18,000 m have been drilled with very encouraging
results in all target areas. In addition, initial drilling has been
conducted further west of these targets in an area that remains
significantly underexplored. Additional results are pending.
Figure 1 – Longitudinal section looking NW
Hole HMP192, which hosts an intercept grading
12.05 g/t Au over 13.0 m, is the most important
result received to date as it opens a 300 m gap between the
historically mined B-Zone at Hasaga and the Epp-C Zone that
warrants additional drilling and potentially has very positive
implications for the resource estimate being planned at the end of
the 2020 drill program.
"This drilling campaign is confirming the considerable potential
of this property, located in the heart of one of the world's most
respected high-grade gold camps", commented Stephen McGibbon, Premier's Executive
Vice-President. "All target areas remain open for expansion.
Importantly, the results in HMP-192 suggest the core of the
high-grade Epp-C zone may grow substantially."
Epp-C Expansion Results
Past exploration has sought to understand the western extension
of the structure that hosts the Howey and Hasaga Mines. Previous
drilling completed by Premier in 2017 discovered high-grade
intercepts grading 54.0 m of 10.94 g/t Au (HMP151) and
50.0 m of 9.19 g/t Au (HMP164) with mineralization
characteristic of the Hasaga Mine. Subsequent infill drilling
improved continuity of the mineralization. This year, the potential
extension of the Epp-C was tested toward the Hasaga Mine and
hole HMP192, located 200 m east of HMP151 and some
140 m outside the Epp-C footprint, hosted 13.0 m of
12.05 g/t Au contained within 38.8 m of 4.93 g/t
Au. Visible gold has been noted in a 1.0 m sample grading
118.00 g/t Au. This trend is still open for expansion and the
balance of the drilling program will focus around the historic
Hasaga Mine workings to delineate resources proximal to the
historic mine workings.
The western extension of the Epp-C returned 4.2 m of
9.23 g/t Au included within 9.6 m of 4.71 g/t Au
(HMP185W2). This hole was 60 m west of HMP176W3 that returned
39.0 m of 5.69 g/t Au. The Epp-C also remains open at
depth.
Figure 2 – Epp-C zone extension and potential looking
NW
Epp-D and West Target Results
The Epp-D zone is a broad mineralized zone with similarities to
mines such as Agnico's Goldex Mine in Quebec and remains a prospective target for
future drilling. Previous drilling in holes HMP161 (500 m
step-outs along strike from the Epp-C Zone) intersected
respectively 181.0 m of 1.21 g/t Au including narrower
higher-grade intervals. The Epp-upper D drilling intercepted
8.0 m of 9.55 g/t Au (HMP162). Infill drilling from the
current exploration program has successfully expanded the Epp-D
Zone footprint, which remains open to the west and at depth. These
results include 13.8 m of 6.04 g/t Au contained within
45.5 m of 2.11 g/t Au (HMP186W1).
The West Target area, which corresponds to the mineralized
corridor between the Epp-D Zone and the Buffalo Mine, was evaluated
with a limited drilling and resampling program that has improved
Premier's understanding of the controls on mineralization. The
Hasaga porphyry, main host of the Epp zones, was intercepted in
HMP191, in a 600 m step out west of the main trend. It
returned 13.1 m of 2.49 g/t Au and 4.0 m of
2.25 g/t Au in two distinct intervals. This exciting
result opens the area of potential high-grade mineralization to a
1,500 m trend of mineralized Hasaga Porphyry.
The extension of the Buffalo Mine at depth was tested and
returned 5.9 m of 3.52 g/t Au (HMP193), proving a
potential extension of the known surface mineralization at depth
with mineable width and good grade.
Table 1 –
Main intercepts from 2020 drilling campaign
|
Hole
ID
|
Comment
|
From
m
|
To
m
|
Length m
|
True Length m
|
Au
g/t
|
Epp-C
|
HMP155W1
|
Epp-C
|
848.0
|
859.8
|
11.8
|
5.0
|
2.67
|
HMP185
|
Epp-C
|
975.0
|
980.5
|
5.5
|
3.0
|
2.76
|
|
Epp-C2
|
1075.3
|
1078.0
|
2.7
|
1.8
|
3.61
|
HMP185W1
|
Epp-C
|
919.0
|
920.0
|
1.0
|
0.8
|
2.17
|
HMP185W2
|
Epp-C
|
905.0
|
914.6
|
9.6
|
6.9
|
4.71
|
|
Including
|
905.0
|
909.2
|
4.2
|
3.0
|
9.23
|
|
Epp-C2
|
949.1
|
962.0
|
12.9
|
7.4
|
2.94
|
|
Including
|
957.0
|
962.0
|
5.0
|
3.7
|
5.43
|
HMP191
|
Epp-C
|
431.1
|
444.2
|
13.1
|
9.9
|
2.49
|
|
Including
|
431.1
|
432.0
|
0.9
|
0.8
|
21.8
|
|
Epp-C2
|
685.0
|
689.0
|
4.0
|
3.3
|
2.25
|
HMP192
|
Epp-C
|
709.6
|
767.6
|
58.0
|
38.0
|
3.52
|
|
Including
|
746.0
|
759.0
|
13.0
|
8.5
|
12.05
|
HMP194
|
Epp-C
|
862.0
|
862.6
|
0.6
|
0.5
|
6.46
|
Epp-D
|
HMP186
|
Epp-D
|
1570.5
|
1587.0
|
16.5
|
9.7
|
2.52
|
|
Including
|
1576.8
|
1578.0
|
1.2
|
0.9
|
5.82
|
HMP186-W1
|
Epp-D
|
1129.4
|
1174.8
|
45.5
|
35.1
|
2.11
|
|
including
|
1161.0
|
1174.8
|
13.8
|
8.9
|
6.04
|
HMP186-W2
|
Epp-D
|
1091.1
|
1094.9
|
3.8
|
2.7
|
2.58
|
|
Epp-D
|
1113.0
|
1189.8
|
76.8
|
55.4
|
1.02
|
|
Including
|
1129.6
|
1132.1
|
2.5
|
1.8
|
3.03
|
|
and
|
1149.0
|
1152.0
|
3.0
|
2.2
|
2.35
|
|
and
|
1176.2
|
1179.9
|
3.7
|
2.7
|
4.22
|
|
and
|
1187.0
|
1189.8
|
2.8
|
2.0
|
3.94
|
HMP187
|
Epp-Upper
D
|
809.0
|
811.0
|
2.0
|
1.3
|
3.22
|
HMP187-W1
|
Epp-Upper
D
|
815.8
|
824.7
|
8.9
|
6.7
|
1.48
|
Western
extension
|
HMP193
|
Buffalo
ext
|
802.7
|
808.5
|
5.9
|
4.6
|
3.08
|
HMP188
|
Epp-West
|
682.2
|
684.0
|
1.8
|
1.6
|
1.51
|
HMP189
|
Epp-West
|
991.1
|
999.0
|
7.9
|
6.2
|
2.42
|
|
Including
|
991.1
|
992.5
|
1.4
|
1.1
|
9.08
|
Hasaga's current mineral resource estimate, completed in early
2017, hosts over 1.1 million ounces of gold of Indicated
material and 0.6 million ounces of gold of Inferred material.
The mineralization is potentially open-pitable. The 2020 drill
program will seek to add higher-grade, potentially underground
mineable resources on the property.
Table 2 –
Collar Coordinates
|
Project
|
Hole
ID
|
North m
|
East m
|
Elevation m
|
Azimuth
|
Dip
|
HASAGA
|
HMP155w1
|
5651658
|
441019
|
385
|
140
|
-80
|
HASAGA
|
HMP185
|
5651059
|
441380
|
381
|
331
|
-74
|
HASAGA
|
HMP185-W1
|
5651059
|
441380
|
381
|
331
|
-74
|
HASAGA
|
HMP185-W2
|
5651059
|
441380
|
381
|
331
|
-74
|
HASAGA
|
HMP186
|
5650905
|
441107
|
365
|
320
|
-75
|
HASAGA
|
HMP186-W1
|
5650905
|
441107
|
365
|
320
|
-75
|
HASAGA
|
HMP186-W2
|
5650905
|
441107
|
365
|
320
|
-75
|
HASAGA
|
HMP187
|
5651016
|
441274
|
386
|
321
|
-69
|
HASAGA
|
HMP187-W1
|
5651016
|
441274
|
386
|
321
|
-69
|
HASAGA
|
HMP188
|
5650682
|
440803
|
390
|
331
|
-57
|
HASAGA
|
HMP189
|
5650704
|
440887
|
368
|
337
|
-68
|
HASAGA
|
HMP191
|
5650525
|
440515
|
390
|
333
|
-56
|
HASAGA
|
HMP192
|
5651246
|
441602
|
383
|
340
|
-70
|
HASAGA
|
HMP193
|
5650318
|
440403
|
369
|
326
|
-58
|
HASAGA
|
HMP194
|
5651312
|
441809
|
374
|
336
|
-73
|
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.
Julie-Anaïs Debreil, Ph.D, P.Geo, 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. Assay
results are from core samples sent to Activation Labs, an
accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and
analysis utilizing both fire assay and screen metallic methods. For
a complete description of Premier's sample preparation, analytical
methods and QA/QC procedures refer to the technical report for the
Hasaga Project dated February 24,
2017 (effective date December 30,
2016), entitled "National Instrument 43-101 Technical
Report: Hasaga Project, Red Lake Mining District, Ontario, Canada" located on Premier's website
and at www.sedar.com.
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