Canadian Mining Journal

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GOLD: Premier extends high grades at McCoy-Cove



NEVADA – Premier Gold Mines, headquartered in Thunder Bay, ON, says results from five recent step-out holes have confirmed the extension of high grade mineralization at the McCoy-Cove gold project on the Battle Eureka Trend. Drilling was focused on the CSD gap between the Helen zone and the historic Cove South Deep (CSD) underground deposit.

Gold was first discovered in the district by Joseph H. McCoy in 1904. The McCoy and Cove underground mines produced a combined total of 3.3 million oz of gold and 110 million oz of silver between 1986 and 2003.

Highlights of the recent McCoy-Cove results include:

  • PG16-07: 5.77 g/t Au and 689.00 g/t Ag over 2.4 metres at 502.3 metres and 9.80 g/t Au and 42.46 g/t Ag over 3.4 metres at 513.6 metres;
  • PG16-08: 7.79 g/t Au and 3.58 g/t Ag over 20.4 metres at 635.8 metres including 12.14 g/t Au and 4.97 g/t Ag over 10.2 metres;
  • PG16-09: 7.75 g/t Au and 3.92 g/t Ag over 38.6 metres at 637.3 metres including 16.01 g/t Au and 7.92 g/t Ag over 11.9m;
  • PG16-10: 10.87 g/t Au and 15.23 g/t Ag over 17.4 metres at 632.9m; and
  • PG16-11: 9.63 g/t Au and 3.31 g/t Ag over 11.6 metres at 553.7 metres and 9.69 g/t Au and 17.48 g/t Ag over 19.2 metres at 629.1 metres.

“The CSD Gap is characterized by high grade intercepts with exceptional continuity as we infill the Gap horizon towards the Helen Zone to the northwest” stated Chad Peters, Nevada exploration manager for Premier on the company’s C-Suite Blog (www.PremierGoldMines.com/news/c-suite-blog). “The remainder of the 2016 program will consist of additional core holes to broadly infill the remaining CSD Gap area and further test the geometry of this rapidly growing deposit.”