Premier Gold, Roxmark drill 37 m of 5.21 g/t Au

2009-06-17 15:42 ET - News Release

Mr. Ewan Downie of Premier Gold reports

PREMIER INTERSECTS HIGH-GRADE GOLD AT EP AND SP ZONE TARGETS

Premier Gold Mines Ltd.'s continuing drilling continues to intersect significant gold mineralization across multiple subzones at the company's Hardrock project in Northwestern Ontario. The current program, consisting of delineation and exploration drilling, will continue throughout 2009 and is expected to result in an NI 43-101-compliant resource estimate by year-end. Drilling at the EP zone continues to exceed expectations with recent step-out and infill holes returning some of the best results received to date. The first three holes drilled to test the south porphyry zone (SP zone) have all returned high-grade gold mineralization within multiple zones.

Highlights from recent drilling include:

· EP zone: 5.21 grams per tonne gold (g/t Au) across 37 metres within the north limb; 19.03 g/t Au across 11.3 metres in step-out drilling on the south limb;

· SP zone: 6.63 g/t Au across 28.1 metres within the SP zone underground target; 36.22 g/t Au (1.06 ounces per ton) across 2.2 metres within the high-grade vein (HGV) zone target.

Premier holds a 70-per-cent interest in the Hardrock project, which is operated under a joint venture with Roxmark Mines Ltd. The Hardrock project is host to several past-producing mines which collectively produced nearly three million ounces of gold within 600 metres of surface from 1938-1968. Early drilling in 2009 focused on open pit-style mineralization and but is now targeting the huge potential to expand higher grade mineralization amenable to efficient underground mining methods. Historically at Hardrock, little effort was made to define narrow vein, high-grade mineralization as bulk mining methods were used to extract the ore. ---.