Premier Gold News Releases;Geraldton/Hardrock Drilling: July 22 to Oct. 13, 2009
Work at hardrock is testing both open- pit & underground targets.
July 22: SP zone 6 holes, shallow; NN zone 5 holes; 100 to 182 m depth
July 29: EP zone 20 holes; many shallow some to 268m depth
Sept. 14: EP zone 1 hole; NN new sub zone 5 holes; max depth 251m
Oct. 13: NN zone 5 holes, 95-180m; HGN & North Limb 10 holes to 474m; Sp zone 14 holes some to400m.
Significant potential exists for developing resources in several areas including:
Open-pit-style mineralization at sites where historic resources were partially delineated by previous operators, in addition to newly defined mineralization at the Tenacity, EP and Kailey zones; Numerous surface and historic high-grade gold intercepts throughout the large property package that have received little to no follow-up; Historic resource blocks reported to remain within the mine workings, including high-grade vein targets; The main mined zones which remain open below the 600-metre level.
The Hardrock project is operated under a joint venture with Roxmark Mines Ltd. (Premier holds a 70-per-cent interest). ----. The Hardrock project benefits from development advantages with the Trans-Canada Highway, Trans-Canada Pipeline and major power lines running through the centre of the property. (Not unlike Ontex)
