NEVADA – Premier Gold Mines of Thunder Bay, ON, continues to expand high grade gold mineralization in multiple horizons at its Cove project, located along the Eureka-Battle Mountain Trend. This year's drilling has intersected multiple zones of gold and polymetallic mineralization, including massive sulphide near the Cove open pit that operated from 1986 to 2001.
The company says new assays results have expanded the mineralized envelope of the recently discovered 2201 zone. Highlights from the 2201 zone include 182.87 g/t Au, 46.90 g/t Ag, and 0.10% Pb-Zn across 1.5 metres in hole PG14-02. Hole PG14-03 assayed 40.23 g/t Au, 203.17 g/t Ag, and 1.58% Pb-Zn across 4.9 metres. Hole PG14-05 assayed 28.38 g/t Au, 33.40 g/t Ag, and 0.89% Pb-Zn plus 11.33 g/t Au, 72.64 g/t Ag, and 2.45% Pb-Zn across 4.3 metres.
Premier also drilled the Cove South Deep horizon about 50 metres below the limits of the old pit. While grades were not as high as from the 2201 zone, they were nonetheless respectable: 16.52 g/t Au and 10.2 Ag over 1.1 metres; 1.39 g/t Au and 25.95 g/t Ag over 3.4 metres; 3.41 g/t Au and 29.50 g/t Ag over 3.0 metres; 6.86 g/t Au and 1.85 g/t Ag over 3.0 metres; 4.22 g/t Au and 2.27 g/t Ag over 5.3 metres; and 3.11 g/t Au and 5.06 g/t Au over 9.6 metres.
Premier holds the Cove property under lease from Newmont Mining. The Denver-based company has the option to earn back 51% under a joint venture arrangement.
A presentation including the new results at Cove can be found at PremierGoldMines.com.