ONTARIO – Premier Gold Mines of Thunder Bay, ON, has filed a resource estimate for four gold deposits – Hardrock, Brookbank, Kailey and Key Lake – on the Trans-Canada property near Geraldton. The company noted that the deposits remain open and that other new gold zones have been discovered.
The deposits contain 4.12 million oz of gold in the measured and indicated categories, plus 3.65 million oz in the inferred category. The measured and indicated resource suitable for open pit mining is 60.50 million tonnes grading 1.44 g/t Au, and for underground mining is 6.93 million tonnes at 5.94 g/t. The inferred material includes 11.82 million tonnes of open pit resource grading 1.46 g/t Au, and the underground inferred resource is 16.47 million tonnes grading 5.85 g/t.
This year Premier plans to continue drilling and begin work on preliminary mine modeling for the Brookbank and Hardrock deposits. Visit www.PremierGold.com, where a preliminary economic assessment will be posted when completed.