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Premier Gold Mines drills 7.9 m of 52.9 g/t Au at NN
Nov 11, 2009 01:43PM
2009-11-11 09:21 ET - News Release
See News Release (C-PG) Premier Gold Mines Ltd
Mr. Ewan Downie of Premier Gold reports
PREMIER EXPANDS HIGH-GRADE OPEN PIT POTENTIAL AT HARDROCK INCLUDING 1.54 OZ/TON GOLD OVER 25.9 FEET
Premier Gold Mines Ltd. has released drill results from the NN zone, comprising the final results from drilling that will be used for an upcoming National Instrument 43-101 resource calculation relating to open-pit-style deposits on the Hardrock project in Northwestern Ontario. Drilling has delineated multiple zones potentially amenable to open-pit mining, including recently identified high-grade gold mineralization within the NN zones. Highlights from recent drilling include the following results:
5.26 grams per tonne (g/t) gold (0.15 ounces per ton) across 11.7 metres (38.4 feet) in hole MM053;
3.50 g/t Au (0.1 ounce per ton) across 36.5 metres (119.7 feet) in hole MM056;
52.90 g/t Au (1.54 ounces per ton) across 7.9 metres (25.9 feet) in hole MM062;
35.45 g/t Au (1.04 ounces per ton) across 3.6 metres (11.8 feet) in hole MM066.
Recent near-surface holes drilled in the NN zone, located west along strike from the EP zone, suggest the potential for defining open-pit resources with multiple horizons having intersection widths of up to 36.5 metres (119.7 feet). New drill results from the NN zone are contained in the attached table.
Premier intends to release the results of the initial resource estimate prior to the end of 2009. Initial drilling results during the latter stages of 2009 support Premier's belief that additional mineral resources, amenable to underground mining methods, may be delineated at depth. It is Premier's intention to aggressively pursue this style of drill target during 2010, with the goal of amending the initial mineral resource sometime after the end of the second quarter. -------------.