VANCOUVER — Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is taking a new approach to exploration at its past-producing Hasaga gold property in the prolific Red Lake mining district of northwestern Ontario, and Ewan Downie, president and CEO, thinks the company could be onto something big.
“The drills are turning and we’ve made what we think is a significant open-pit style discovery,” he tells The Northern Miner during a phone interview.
The company revitalized exploration at Hasaga after acquiring the dormant property from Goldcorp (TSX: G; NYSE: GG) in February, and Downie says results from the property’s Central zone are building a robust target.
The reported drill holes hit widespread lower grade gold mineralization around structures within the Dome Stock – a large granitic intrusive unit in the heart of the Red Lake camp.
Intercepts included 0.94 g/t Au over 306 metres, and 0.52 g/t Au over 306 metres, within 500 by 400 metres of surface mineralization that is open in all directions.
Downie says results from drilling this year have encouraged the company to double the drill budget to 40,000 metres, and more assays are expected over the coming weeks.
Read the complete article at NorthernMiner.com/news/premiers-downie