ONTARIO – The initial assay results are back from the first drill hole this year at the Hasaga gold project belonging to Premier Gold Mines of Thunder Bay, Ont. Hole HMP-151 returned 10.94 g/t gold across 54.0 metres beginning at 771.0 metres below surface, including 23.32 g/t over 8.0 metres and 25.56 g/t over 5.0 metres. Visible gold was seen in 10 samples from the same intercept.
Isometric view of the Hasaga gold property and resources.
The Hasaga project is in the Red Lake camp and hosts the past-producing Hasaga, Buffalo and Howie gold mines. Premier is testing the potential for lower grade, open pit mining as well as high grade mineralization at depth. Historic and the most recent holes are believed to be characteristic of the mineralization in the Hasaga C zone.
The summer 2017 drill program calls for sinking at least 10 “mother” holes in the Hasaga Deep target so that future wedge drilling might be conducted. At the end of 2016, Premier estimated the measured and indicated resources at 42.3 million tonnes averaging 0.83 g/t gold and containing 1.1 million oz. The inferred portion was another 25.1 million tonnes at 0.78 g/t that contain 631,000 oz. of gold.
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