Premier Gold Mines
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.
Premier Gold and Sutter Gold report high grade gold intercepts at Santa Teresa
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.
Other Premier Gold Mines news
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25/08/10 Premier Gold expands near-surface gold zones at Hardrock in Northwestern Ontario
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05/01/10 Premier Gold says deep drilling at Hardrock intersects high grade gold mineralisation below historic North Zone
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27/10/09 Premier Gold expands high-grade zones at Hardrock Gold Project
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09/06/09 Premier Gold starts Red Lake and PQ-North summer drilling programs
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15/04/09 Premier Gold says drilling at Hardrock continues to find high-grade gold mineralization
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