NEVADA – Premier Gold Mines of Thunder Bay, ON, continues to drill high grade mineralization at its McCoy-Cove project in the Battle Mountain-Eureka Trend. Step-out drilling within the 400 metre gap (CSD gap) between the Helen zone and historic Cove South Deep (CSD) underground deposit confirms the extension with assays such as this:
Longitudinal section of the Cove gold-silver deposits.
- 57 g/t Au and 1,825.00 g/t Ag over 1.0 metre at 626.7 metres below surface, and
- 96 g/t Au and 4.68 g/t Ag over 38.0 metres at 645.1 metres including 17.03 g/t Au and 8.82 g/t Ag over 14.2 metres.
The former Cove mine operated between 1986 and 2006, during which time about 3.3 million oz of gold and 110 million oz of silver were produced.
Premier has reinterpreted the geological model noting that the most robust gold and silver mineralization in the Helen, CSD and 2201 zone deposits are closely associated with the deep seated Cove thrust fault which acted as both primary structural control and fluid conduit for all known Cove deposits.
As the company continues to explore at McCoy-Cove, and it is studying the potential of the historic heap leach pad material for reprocessing. Please see www.PremierGoldMines.com.