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Additional Information
Market: TSX
Sector: Gold Mining
EPIC: PG
Latest Price: 6.00  (1.52% Ascending)
52-week High: 7.92
52-week Low: 4.22
Market Cap: 731.40M
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Premier Gold Mines
www.premiergoldmines.com

PREMIER is a Canadian-based mineral exploration company experienced in discovering and developing gold deposits in the Superior Province of Canada, one of the world's most endowed mineral regions and the birthplace of several world class Canadian gold producers. Our business model is designed to shorten the pathway to exploration success, while reducing our shareholder's exposure to risk, by focusing on proven mining districts, accessible regions, high grade deposits and safe jurisdictions.

Full Premier Gold Mines profile here
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Premier Gold and Sutter Gold report high grade gold intercepts at Santa Teresa

7th Jan 2009, 12:00 am Premier Gold Mines (TSX:PG) and Sutter Gold Mines (TSX-V:SGM) reported the final batch of assay results from a 32 hole, Phase I drill campaign completed at the Santa Teresa Concession in Mexico.   

Highlights included 21.1 grams per tonne gold over 1.35 metres and 16.68 grams per tonne gold over 3.1 metres.  In total, drilling completed to date has confirmed the presence of several high grade veins up to 260 metres along strike from the historic Princessa Gold Mines, which produced gold to a depth of 110 metres
 
"In all, our Phase One program had 23 intercepts drilled that were greater than 5.00 grams per tonne across no less than one metre, and the length weighted average of those exceeded 35.00 grams per tonne," commented Stephen McGibbon, Executive Vice-President & COO of Premier. "Recent drilling with more tightly patterned holes helped us better understand the nature and distribution of gold within this system."

Premier Gold Mines has secured the right to earn up to a 65% interest in the Santa Teresa Project from Sutter Gold Mines.


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