ONTARIO – Premier Gold Mines of Thunder Bay, ON, has posted the first resource estimate for its Hasaga gold property in Red Lake. The estimate was compiled by MRB and Associates using data from the company’s two-year exploration and delineation drilling program.
Locations of potential optimized pits at the Hasaga property.
Premier drilled the Central, Hasaga and Buffalo targets. Total indicated resources are 42.29 million tonnes averaging 0.83 g/t Au and containing 1.124 million oz of gold (70% of which was found in the Central zone). The inferred resource is 25.14 million tonnes grading 0.78 g/t Au and containing 630,000 oz.
There is lots of potential at Hasaga. Resources are restricted to only those areas that have open pit potential; the underground potential remains untested. They are further constrained by the property boundary and within an optimized pit shell.
More information is posted at www.PremierGoldMines.com.