Premier Gold Mines
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Between WILMAR mine (see 2 picture below) and Goldcorp = ERGO: there is only PREMIER in between. I just right know doubled my position. See the picture below. There is not anything else than PREMIER GOLD MINES between Wilmar Mine (2) and Goldcorp. Have fun the coming weeks !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Optionen
| Boardmail an "Bearpaw" |
Wertpapier: Premier Gold Mines |
Angehängte Grafik:
premier_-_high_grade_zone.jpg (verkleinert auf 49%)
premier_-_high_grade_zone.jpg (verkleinert auf 49%)
(High grade funde noch nicht offiziell, aber nur noch eine Frage der zeit !)
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| Boardmail an "Bearpaw" |
Wertpapier: Premier Gold Mines |
Entweder auf GC Gebiet direkt oder RedLake Mines oder........?
Evtl. doch HyLake?
Schaut Euch mal die Löcher an von den ersten Drills?
Rowan Propertie
Hole 07-01
1.5m mit 6,11 g
0.5m mit 12,03 g
1.0m mit 9,74 g
0,5m mit 14,80 g
Hole 07-02
0.5m mit 32,80 g
0.5m mit 12,10 g
2.8m mit 22,54 g
0.5m mit 118,0 g
Hole 07-03
0.5m mit 58,40 g
1.0m mit 67,30 g
1.0m mit 15,68 g
Mt.Jamie
Hole 07-03
1.5m mit 35,10 g
0.5m mit 94,21 g
Hole 07-05
3.5m mit 37,70 g
0.5m mit 29,43 g
0.5m mit 9,15 g
0.5m mit 194,74 g
Hole 07-08
1.0m mit 31,79 g
Optionen
| Boardmail an "maba71" |
Wertpapier: Premier Gold Mines |
Optionen
| Boardmail an "Bearpaw" |
Wertpapier: Premier Gold Mines |
Angehängte Grafik:
premier_goldcorp.jpg (verkleinert auf 53%)
premier_goldcorp.jpg (verkleinert auf 53%)
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Wertpapier: Premier Gold Mines |
Premier-Roxmark Intersect 254.8 g/t (7.44 oz/ton) and 60.88 g/t (1.78 oz/ton) In New Zone Discovered Proximal To Little Long Lac Gold Mine
Shares Issued: 68,647,742
THUNDER BAY, ON, March 3 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that drilling at the Geraldton Project has confirmed it's
initial exploration model by intersecting multiple zones with high-grade gold
mineralization proximal to the past-producing Little Long Lac Gold Mine
including 254.8g/t Au (7.44 opt) over 0.3m, 60.88/t Au (1.78 opt) over 1.0m
and 45.3g/t Au (1.32 opt) over 1.0m. The Geraldton Project is being operated
by Premier under an option agreement with Roxmark Mines Limited (TSX-V:RMK).
The "Geraldton Project" is located in the heart of the
Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold
district that has seen relatively little exploration over the past several
decades. The Project area covers approximately 10 kilometres of some of the
most prospective geology in the region and is host to three past-producing
mines and numerous exploration targets in a district that has seen historic
production of more than 4.1 Million ounces of gold.
The first target area tested in the ongoing $2.5 Million program was to
confirm Premier's belief that previously untested sub-parallel mineralized
faults occur proximal to the historic Little Long Lac Gold Mine. The mine
produced more than 600,000 ounces of gold during the period 1934-53 at an
average grade of 11.66g/t Au. The initial drill program consisted of 8
wide-spaced holes drilled immediately south of the historic mine workings over
a strike length of 400 metres. This drilling successfully intersected
multiple, near-surface, mineralized vein zones including what is believed to
be the up-dip extension of the No.10 Vein. Prior to closure, drifting was
carried out on the "No.10 Vein" that was discovered on the 16th Level, one of
the deeper levels (675 metres below surface) of the mine. Limited data
available with respect to this zone suggests that the No.10 Vein carried
high-grade gold and that little previous exploration was carried out up-dip
towards surface. Highlights from this initial drilling are presented in Table
1.
<<
Table 1 Significant Results at Little Long Lac Target Area
--------------------------------------------------
Length AU AU
Hole-ID Section From To (m) Zone (g/t) (opt)
--------------------------------------------------
PLL07001 1400E 105.0 106.0 1.0 12 (New) 60.88 1.78
168.0 169.0 1.0 11 (New) 45.32 1.32
189.0 190.9 1.9 10 8.70 0.25
288.3 289.8 1.5 9 11.43 0.33
--------------------------------------------------
PLL07002 1500E 120.5 120.8 0.3 11 (New) 254.79 7.44
227.0 228.0 1.0 10 2.94 0.09
256.8 260.0 3.2 9 2.36 0.07
--------------------------------------------------
PLL07003 1400E 150.0 152.0 2.0 10 6.95 0.20
193.3 194.3 1.0 9 3.28 0.10
--------------------------------------------------
PLL07004 1500E 26.0 27.0 1.0 (New) 5.24 0.15
--------------------------------------------------
PLL07005 1400E 143.0 146.0 3.0 12 (New) 4.60 0.13
354.0 358.5 4.5 9 5.81 0.17
--------------------------------------------------
PLL07006 1500E 101.0 102.0 1.0 12 (New) 7.81 0.23
188.0 189.0 1.0 11 (New) 4.58 0.13
--------------------------------------------------
PLL07007 1600E 94.4 95.4 1.0 11 (New) 15.04 0.44
--------------------------------------------------
PLL07008 1650E 47.5 48.0 0.5 (New) 2.11 0.06
--------------------------------------------------
NOTE: True widths estimated at approximately 70% of intersection width
>>
Current drilling is following-up on the new high-grade gold veins to
further delineate the zones, and is also testing two additional, highly
prospective targets located immediately north and east of the Little Long Lac
Mine.
Premier, operator of the Project, holds the option to earn up to a 70%
interest in the Geraldton Project by making cash and share payments to
Roxmark, and performing exploration on the Project.
In addition to Geraldton, Premier is active on two additional projects:
1. A major exploration program has resumed on the Rahill-Bonanza Project,
operated under a 49%:51% joint venture with Red Lake Gold Mines: (a) Drilling
is expected to continue from the underground workings of the Red Lake Gold
Mines complex in the near future; (b) deep drilling is underway in the
vicinity of the Wilmar deposit; and, (c) a major drill program has commenced
at Bonanza consisting of in-fill and expansion drilling to further define the
Bonanza Deposit, where previous drilling has returned numerous significant
intersections to depths of less than 600 metres including 13.27 g/t Au across
19.00 metres, 8.66 g/t Au across 22.0 metres and 5.05 g/t Au across
34.95 metres. A recent NI 43-101 compliant inferred mineral resource estimate
on the Bonanza Deposit reported 512,000 ounces of gold at an undiluted grade
of 6.98 g/t Au.
2. Exploration drilling is underway at the Santa Teresa Property in
Mexico, a joint-venture project with Sutter Gold Mining Inc. Drilling is
testing for the potential down-plunge extension of the high-grade,
past-producing, Princessa Gold Mine which produced at an average grade of more
than 1.0 ounce of gold per ton. Drilling has intersected several mineralized
vein zones including local occurrences of visible gold - Assays are expected
in March.
Stephen McGibbon, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within the meaning
of National Instrument 43-101. Core is sent to Accurassay Laboratories in
Thunder Bay for preparation and analysis - fire assay and pulp metallic assay.
Premier Gold Mines Limited is a fully financed Canadian-based mineral
exploration and development company with several projects and deposits in
Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold
mining camp, two of these are operated in joint venture with Red Lake Gold
Mines. A strategic project is also located on the main Musselwhite Gold Mine
trend.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.
%SEDAR: 00024152E
For further information: Ewan Downie, President & CEO, Phone: (807)
346-1390, Fax: (807) 345-0284, E-mail: info@premiergoldmines.com, Web Site:
http://www.premiergoldmines.com
Shares Issued: 68,647,742
THUNDER BAY, ON, March 10 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier")
(TSX:PG) is pleased to announce that it has signed a Letter of Intent (LOI)
with the North Caribou Lake First Nation that paves the way for a major
exploration program to begin immediately on the PQ North Property in
Northwestern Ontario. The PQ North Property is strategically located on the PQ
limb of the key iron formation that is host to Goldcorp's Musselwhite Gold
Mine.
The North Caribou Lake First Nation (NCLFN) is broadly defined as
including the community of Weagamow Lake, Chief and Council, trappers and the
traditional territory. The LOI forms the basis of a cooperative relationship
between Premier and NCLFN that will guide the early phase of exploration on
the property, including line cutting, geophysics and diamond drilling, as well
as lead to a Memorandum of Understanding (MOU) in the near future. Key aspects
of the LOI include:
<<
- Contributions by Premier to the Community of Weagamow during each
calendar year that exploration is active at PQ North.
- Premier will seek individuals from the Community for employment in its
exploration programs.
- The employment of a Liaison and Environmental Communications person
from the Community.
- A commitment by Premier to utilize goods and services from the
Community.
>>
Premier confirms that the agreement with NCLFN is the culmination of
several months of ongoing discussion and relationship-building. "We regard
Northwestern Ontario as our home turf and recognize that being successful
here, or anywhere else, requires developing strong long term relationships
with all parties having a vested interest in the region" commented Ewan
Downie, Premier's President and CEO. "This LOI marks a milestone achievement
for Premier with respect to its goal of working closely with local communities
that might be positively affected by mine development" he added. "The PQ North
Property comprises a second strategic land position that Premier holds
immediately adjacent to Goldcorp's major North American gold mines. Based on
previous drilling and surface exploration, the PQ Property is believed to have
excellent potential to host gold zones similar to those being mined at
Musselwhite".
The PQ North Property encompasses a major fold structure along strike
from and within the main rock unit (Northern Banded Iron Formation) that hosts
the gold-bearing ore zones at Musselwhite. Previous drilling has returned
several significant intersections and has identified structural units similar
to those at the mine (See Figure 1). Of particular interest are a series of
quartz veins, in places tens of meters wide, hosted within volcanic rocks in
the southern portion of the PQ North Property. It is believed that these
(low-grade) veins could be related to structures that may cut the main iron
formation unit at depth, and potentially become significant gold-bearing
zones. Similar veins on surface on the Musselwhite Property are located up-dip
from the main gold zones currently being mined. To date, the Musselwhite Mine
has produced more than 2.0 million ounces of gold and has reserves and
resources totalling in excess of 3.30 Million ounces at the end of 2007.
Recently, Goldcorp has indicated that gold mineralization within the mine
horizon is estimated to have increased from 1.0 million to 2.0 million ounces
per kilometre as far as 6 kilometres north along strike of the main mine
facilities. Results include a drill intercept of 15.5 grams per tonne (gpt)
gold across a true width of 4.5 metres (m) in hole 07-NSD-005. Premier's PQ
North property is located in close proximity to, and along strike from this
drilling.
Premier holds the right to earn a 100% interest in the PQ North Property
subject to a 2% Net Smelter Returns Royalty of which Premier retains the right
to acquire 1% by paying to the vendor $1 Million.
To view an image of PQ North Property, please click here:
http://www.premiergoldmines.com/i/maps/pqnorth/2008-03-10_NRM.jpg
Stephen McGibbon, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within the meaning
of National Instrument 43-101.
Premier Gold Mines Limited is a fully financed Canadian-based mineral
exploration and development company with several projects and deposits in
Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold
mining camp, two of these are operated in joint venture with Red Lake Gold
Mines. A strategic project is also located on the main Musselwhite Gold Mine
trend.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.
%SEDAR: 00024152E
For further information: Ewan Downie, President & CEO, Phone: (807)
346-1390, Fax: (807) 345-0284, E-mail: info@premiergoldmines.com, Web Site:
http://www.premiergoldmines.com
Fri Mar 14, 10:11 AM
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Shares Issued: 68,647,742
THUNDER BAY, ON, March 14 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier") (TSX: PG.TO) is pleased to announce that it has initiated it's 2008 exploration program on the PQ North Property in Northwestern Ontario. The PQ North Property is strategically located on the PQ limb of the key iron formation that is host to Goldcorp's Musselwhite Gold Mine.
Premier has contracted Fugro Airborne Surveys to fly it's HM1 high resolution magnetometer system along some 530 line-kilometres of flight lines. The survey, flown at a 50-metre line spacing, will provide critical information relating to the Northern Banded Iron Formation (NBIF) and any potential faults and shear zones which may transect it. Premier anticipates conducting a diamond drill program to follow up on favourable targets indicated by the survey and existing information on the property.
The PQ North Property encompasses a major fold structure along strike from and within the NBIF, which hosts the gold-bearing ore zones at Musselwhite. Previous drilling on the property has returned several significant intersections and has identified structural units similar to those at the mine.
Recently, Goldcorp indicated that gold mineralization has been intersected in close proximity to Premier's PQ North Property. These results include a drill intercept of 15.5 grams per tonne (gpt) gold across a true width of 4.5 metres (m) in hole 07-NSD-005.
Premier holds the right to earn a 100% interest in the PQ North Property subject to a 2% Net Smelter Returns Royalty of which Premier retains the right to acquire 1% by paying to the vendor $1 Million.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.
Premier Gold Mines Limited is a fully financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. A strategic project is also located on the main Musselwhite Gold Mine trend.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Contacts
Ewan Downie
President & CEO
Phone: (807) 346-1390
Fax: (807) 345-0284
E-mail: info@premiergoldmines.com
Web Site: http://www.premiergoldmines.com
Interview mit Robert Dultz, Chairmann of the Board and Executive Officer von USCorp durch die Frankfurt Finance
Seine Antwort zum Thema wie explored wird und Rentabilität (z.B. im Tagebau):
Das Gestein wird auf verschiedene Weise untersucht. Die Bandbreite der Untersuchungsmethoden ist vielfältig. Das Gestein wird visuell per Augenschein und durch Mikroskope betrachtet. Bei der Exploration erfolgen Bodenbohrungen und die Entnahme von Proben an den wichtigsten Stellen. Die Proben werden Chemikern und Geophysikern übersendet, die wiederum verschiedenste Tests damit durchführen. Einer der Tests ist die Abtrennung von Edelmetallen vom übrigen Material unter Verwendung hoher Temperaturen. Es gibt ebenfalls Spektogramme und atomare Spektographen, die atomare Partikel anzeigen. Farblich gekennzeichnete Satellitenbilder werden auch verwendet.
Der Goldabbau im Tagebau kann bereits bei 0,02 Feinunzen Gold pro Tonne sehr profitabel sein. Bei uns handelt es sich im Durchschnitt um einen Goldgehalt von 0,14 bis 0,2 Feinunzen pro Tonne. Eine Feinunze Gold erhalten wir bei fünf bis sechs Tonnen Gestein. Daneben gibt es sogenannte "Hot Spots" mit bedeutend höheren Goldgehalten. Früher gab es in unserem Gebiet bis zu 1.000 Unzen Silber pro Tonne. Dieses Gestein wurde Ende des 19. Jahrhunderts nahezu unbearbeitet direkt nach England versendet. Noch früher haben die Spanier größere Goldfunde nach Spanien verschifft. Ganz abgesehen von diesen historischen Vorkommnissen gibt es es nur vier Meilen von unserer Twin Peak Mine entfernt die Abbaustätte von Phelps Dodge, die seit 100 Jahren in Betrieb ist.
Seine Antwort zum Thema übergreifende Ressourcen von nahegelegenen Nachbarminen:
Um hier einzuhaken, Sie erwähnen Phelps Dodge und deren nahegelegene Goldmine. Was macht Sie so sicher, dass der Erfolg der Nachbarmine Aussagen über die Ressourcen in Ihren eigenen Claims zulässt?
In der nahe gelegenen Mine von Phelps Dodge wird primär Kupfer abgebaut, jedoch auch nennenswerte Mengen an Molybdän, Silber und Gold. Gemäß den Erkenntnissen der Geologen und Experten sind wir im selben geologischen Trend. Es gibt geologische Variationen und möglicherweise unterschiedliche Konzentrationen einzelner Mineralisierungen in einem Sektor gegenüber anderen, aber der geologische Trend zeigt eindeutig das Vorhandensein von Ressourcen an. In unserem Teil des Gesteinsflusses gibt es höhere Konzentrationen an Gold, Silber, Titanium, Kobolt und Uran - insgesamt 16 unterschiedliche Mineralien. Die Entwicklung der komplexeren Mineralien wie Kobolt z.B., ist bedeutend kostspieliger. Deshalb konzentrieren wir uns zunächst auf Gold, Silber sowie Molybdän.
Seine Antwort zum Thema "Reaktivierung alter Minen und warum":
Die Goldgräberzeit in Amerika in der Mitte und Ende des 19. Jahrhunderts ist legendär und durch unzählige Hollywood-Filme weltweit bekannt.Wie kommt es, dass die dort befindlichen Minen nach so langer Zeit wieder reaktiviert werden?
Es trägt zum Verständnis bei, wenn Sie sich zunächst vor Augen halten, warum die Minen zuvor geschlossen wurden. In den 40er Jahren wurden Gesetze erlassen, um die Arbeitskräfte auf die kriegswichtigen Sektoren zu lenken. Gold und Silber zu schürfen, gehörte nicht zu den kriegswichtigen Aktivitäten und wurden 1942/43 aufgegeben. Für die Bewaffnung waren der Stahl und die Kriegsausrüstung entscheidend. Die Arbeiter wurden für die Armee abkommandiert. Nach dem Krieg waren die Gerätschaften der Goldminen verrostet, gestohlen, durch Vandalismus zerstört oder einfach für die Rüstungsindustrie anderweitig verwendet. Neue Sozial- und Arbeitsschutzgesetze traten in Kraft, die den Goldabbau empfindlich verteuerten. Einzelperson durften bis in die 70er Jahre kein Gold besitzen - bis US-Präsident Nixon Gold freigab (Anm. d. Red.: Aufhebung der Golddeckung des Dollars 1971). Der Goldpreis war zuvor auf 35 Dollar je Unze fixiert. Unter diesen Bedingungen konnten nur wenige große finanzkräftige Minengesellschaften überleben.
Heute blüht zum ersten Mal innerhalb einer Generation der Markt für Edelmetalle wieder auf. Die heutigen Preise machen die Reaktivierung alter Minen wieder lukrativ. Ich will die Attraktivität des Goldabbaus jedoch nicht nur auf den Goldpreis reduzieren. Auch die Akzeptanz bei den Investoren hat sich merkbar erhöht. Anders ausgedrückt, es werden heute Geldmittel zur Verfügung gestellt, auf die man ein Vierteljahrhundert als Explorationsunternehmen gewartet hat.
Rohstoffaktien Real-Time
Intersected 67.08g/t (1.96oz/ton ) over 2.0 metres - Premier-Roxmark discover high-grade gold beneath highway at Magnet Mine Property
TORONTO, April 1 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) today
announced that drilling at the Magnet Gold Mine Property by Premier Gold Mines
Limited (TSX:PG) has discovered a new high-grade gold vein zone that has
returned numerous significant intersections including 67.08 grams per tonne of
gold (g/t Au) across 2.0 metres (m).
The new "Highway Zone" is located under the Trans-Canada Highway,
immediately south of the historic Magnet Gold Mine which produced more than
150,000 ounces of gold at an average grade of 14.4g/t Au during the period
from 1938 to 1951. In all, nine holes were drilled to test this target, with
multiple zones being intersected over a minimum strike length of 100 metres.
At least fifteen separate occurrences of visible gold were identified during
the program. The zones remain open in all directions. Table 1 provides a
summary of the significant results from drilling the Highway Zone area:
<<
Table 1 Significant Results From Highway Zone Drilling
--------------------------------------------------
Hole-ID Target Section From To Length AU AU
(m) (g/t) (opt)
--------------------------------------------------
PM07002 Hwy 1400W 496.0 498.0 2.0 6.28 0.19
Hwy 1400W 736.0 737.0 1.0 8.84 0.26
TBF 1400W 907.0 908.0 1.0 9.86 0.29
--------------------------------------------------
PM07008 Abandoned 1400W
--------------------------------------------------
PM07009 TBF 1400W 752.0 753.0 1.0 7.83 0.23
--------------------------------------------------
PM07013 TBF 1500W 315.0 315.5 0.5 3.99 0.12
--------------------------------------------------
PM08014 Hwy 1400W 249.0 250.0 1.0 10.06 0.29
Hwy 1400W 292.5 297.0 4.5 7.30 0.21
INCLUDING 293.0 294.0 1.0 26.78 0.78
--------------------------------------------------
PM07015 1400W NSA
--------------------------------------------------
PM07016 1500W NSA
PM07017 TBF 1500W 247.5 248.0 0.5 12.67 0.40
--------------------------------------------------
PM08018 HIGHWAY 1450W 129.0 131.0 2.0 67.08 1.96
INCLUDING 129.0 130.0 1.0 125.44 3.66
--------------------------------------------------
>>
Note: True widths estimated at approximately 70% of the intersection
width
NSA-No Significant Assays
In addition to the main target, recent drilling performed in the
"Benedict Zone", a secondary target located proximal to the Magnet Mine,
intersected gold mineralization including 10.22 grams per tonne gold (g/t Au;
0.30 opt) over 2.5m and 8.14g/t Au (0.23 opt) over 2.0m. The Geraldton Project
is being operated by Premier under an option agreement with Roxmark. Premier
Stephen McGibbon, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within the meaning
of National Instrument 43-101. Both of these zones will be accessible from the
underground workings.
The Magnet Mine is serviced with a shaft and winze to 2,640 feet. The
property is equipped with a headframe, production hoist, compressors,
generator, hydro substation, and other equipment and facilities.
The Geraldton Project is located in the heart of the Beardmore-Geraldton
Greenstone Belt, a highly prospective high-grade gold district that has seen
relatively little exploration over the past several decades. The Project area
covers several kilometres of some of the most strategic ground in the region
and is host to past-producing mines and numerous exploration targets in a
district that has more than 4.1 million ounces of historic gold production.
In the Beardmore Camp, Roxmark is currently carrying out 6,200-metres of
surface diamond drilling program at the Northern Empire Gold Mine to further
delineate the Contact Zone along a strike length of 1,250 metres.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration
and development in the historically significant Geraldton-Beardmore area of
Northwest Ontario. In the last two years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its fully-permitted mill and has
the advantage of infrastructure from six formerly highly productive gold mines
located on its properties. These mines previously produced nearly two million
ounces of gold from high grade ore but were closed primarily due to
dramatically lower gold prices at the time and to boundary issues, since
eliminated.
Further information is available on the Company's website at
www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties. The results or
events predicted in these forward-looking statements may differ materially
from actual results or events. Any forward-looking statement speaks only as of
the date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
For further information: Monir Younan, President, Roxmark Mines Limited,
(416) 860-1636, Fax: (416) 360-7355, roxmark@on.aibn.com, www.roxmark.com;
Renmark Financial Communications Inc.: Christine Stewart:
cstewart@renmarkfinancial.com; Barbara Komorowski:
bkomorowski@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com
Wird das Geraldton-Projekt zum zweiten Flaggschiff von Premier Gold Mines?
Die Redaktion des Börsenbriefs Rohstoffraketen hält das Geraldton-Projekt von Premier Gold Mines für eine bisher unentdeckte Schatzkammer. Geraldton habe die Chance, auf den Olymp der kanadischen Goldliegenschaften aufzusteigen, so der Börsenbrief. Vor allem das große geologische Potential spreche für Geraldton, wo Experten aus historischen Bohrergebnissen sowie Bohrungen aus jüngster Zeit geschätzte Vorkommen zwischen fünf und acht Millionen Unzen Gold ableiten.
Da Premier Gold Mines nach Einschätzung von Rohstoffraketen derzeit lediglich wegen seiner Red-Lake-Liegenschaft bewertet wird, könnte ein Durchbruch beim Geraldton-Projekt Premier auf eine Stufe mit Gesellschaften wie Osisko oder Detour Gold stellen. Derzeit ist Premier der alleinige operative Betreiber von Geraldton und verfügt über 51 Prozent des Projekts von Roxmark Mines. Die Beteiligung soll demnächst zu bereits vereinbarten Konditionen auf 70 Prozent ausgebaut werden.
Die Chancen für einen Durchbruch stehen nach Ansicht von Rohstoffraketen nicht schlecht, denn auch die Infrastruktur rund um Geraldton spricht für das Projekt: Unmittelbar am Trans-Canada-Highway, der Trans-Canada-Pipeline und einer Eisenbahnverbindung gelegen, verfügt Geraldton sogar über eine Energieversorgung.
Besser als Izok von Wolfden Resources - CEO kauft eigene Aktien
Für den Börsenbrief ist es daher ein Wunder, dass Geraldton trotz der guten infrastrukturellen Voraussetzungen bisher nicht mit modernen Explorationsmethoden bearbeitet wurde. Zwischen 1934 und 1953 förderten drei High-Grade-Goldminen über 800.000 Unzen mit Gehalten zwischen 9,94 g/t und 14,4 g/t. Heute exploriert Premier Gold Mines das Projekt mit zwei Bohrgeräten und kann sich der Unterstützung der umliegenden Bevölkerung sicher sein - die Region erhofft sich von Geraldton zahlreiche neue Arbeitsplätze.
Premier-Gold-Mines-CEO Ewan Downie findet Geraldton sogar besser, als das Izok-Projekt von Wolfden Resources, welches er einst für 351 Millionen kanadische Dollar (CAD) an Zinifex verkaufte. Premier Gold Mines kommt heute inklusive des Goldcorp-Joint-Ventures East Bay und dem Geraldton-Projekt lediglich auf eine Bewertung von 130 Millionen CAD. Downie kaufte in den vergangenen Wochen mehrere Male eigene Aktien im Bereich von 1,84 CAD nach - der Börsenbrief Rohstoffraketen rät seinen Lesern daher: “Kaufen Sie mit CEO Ewan Downie auf dem aktuellen Niveau!”
2008-05-21 09:39 ET - News Release
Also News Release (C-SGM) Sutter Gold Mining Inc
Mr. Ewan Downie of Premier Gold reports
PREMIER TO ACQUIRE STRATEGIC CLAIM WITHIN SANTA TERESA
Premier Gold Mines Ltd. has signed a memorandum of understanding (MOU) with Compania Minera Quasaro SA de CV, a private, arm's-length company, to purchase the La Victoria concession located within the Santa Teresa concession, under joint venture with Sutter Gold Mining Inc., at El Alamo, Baja California Norte, Mexico. The concession is accessible by road and is located approximately 100 kilometres southeast of Ensenada and 250 km from San Diego, Calif., USA.
Premier regards the La Victoria purchase as strategic since:
It is located entirely within the Santa Teresa concession.
It occurs along strike from the structure currently being targeted in the continuing drill program of the Premier-Sutter joint venture.
Other regional El Alamo vein structures may also trend onto La Victoria.
QUELLE: http://www.stockwatch.com/swnet/newsit/...276&symbol=PG&news_region=C
Es bleibt hochspannend bei Premier Gold!!
Premier-Roxmark - New results at Kailey Zone highlighted by significant increase in gold grades and widths
Tuesday May 27, 9:15 am ET
Shares Issued: 69,193,742
THUNDER BAY, ON, May 27 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG - News) is pleased to announce that drilling has intersected the best results to-date in the recently discovered Kailey Zone at the Geraldton Project in Northwestern Ontario. Drilling has now identified that two broad parallel horizons exist within the Kailey Zone and that these converge as drilling traces the horizons to the east. Importantly, in this area gold grades are up to 50% higher and widths have increased by 100% over the "best" previous reported results.
ADVERTISEMENT
Higher-grade gold mineralization, and increased widths to the east, mark recent developments within the Kailey Zone (bulk tonnage zone). Recent results include 39.64g/t Au (1.16 oz/ton) across 2.0 metres contained within a wider zone of mineralization which returned 5.87g/t Au across 16.0 metres, and 42.97g/t Au (1.25 oz/ton) across 1.0 meter contained within a wider zone of mineralization which returned 2.01g/t Au across 101.0 metres.
Kailey Zone
-----------
As drilling continues to delineate the Kailey Zone horizon, higher-grade vein style mineralization has been intersected within the wider stinger zone. This setting, of higher-grade vein mineralization within a broad stringer zone, is consistent with the Main Zone mined at the historic Little Long Lac Gold Mine from which more than 600,000 ounces of gold was produced during the period 1934-53 at an average grade of 11.66g/t Au. The Kailey zone is located approximately 50 metres to the north of, and parallel to, the Main Zone. These intersections are consistent with the company's belief that higher grade "shoots" could exist within the near-surface, open pit style, gold mineralization that marks this new discovery.
Of particular significance, drilling has now identified that parallel horizons exist within the Kailey Zone (K1 - North & K2 - South) which has implications for increased tonnage potential within this horizon. These horizons have now been traced over a strike length of 450 meters, to depths of up to 200 metres, and remains open in all directions. The following table provides a complete summary of recent assay results received from drilling the Kailey Zone:
§ Table 1 Significant Results at Stringer Zone - Little Long Lac Target
§ Area
§ --------------------------------------------------
§ Hole-ID Section From To Length (m) Zone AU AU
§ (g/t) (opt)
§ --------------------------------------------------
§ PLL08023 1100E - 4+25N 93.0 113.0 20.0 (66 ft) K1 1.31 0.038
§ (North)
§ --------------------------------------------------
§ PLL08025 1150E - 4+10N 74.0 102.0 28.0 (92 ft) K1 1.36 0.040
§ (North)
§ --------------------------------------------------
§ PLL08026 1100E - 3+75N 157.0 173.0 16.0 (52 ft) K1 5.87 0.171
§ (North)
§ --------------------------------------------------
§ Incl. 170.0 172.0 2.0 (6.6 ft) K1 39.64 1.156
§ (North)
§ --------------------------------------------------
§ PLL08027 1100E - 3+75N 53.0 81.0 28.0 (92 ft) K2 1.25 0.036
§ (South)
§ --------------------------------------------------
§ 219.0 233.0 14.0 (46 ft) K1 1.02 0.030
§ (North)
§ --------------------------------------------------
§ PLL08029 1350E - 3+50N 9.0 110.0 101.0 (331 ft) K1-K2 2.01 0.059
§ --------------------------------------------------
§ Incl. 9.0 82.0 73.0 (240 ft) K1-K2 2.45 0.071
§ --------------------------------------------------
§ Incl. 32.0 33.0 1.0 (3.3 ft) K1-K2 42.97 1.253
§ --------------------------------------------------
§ PLL08030 1350E - 3+25N 43.0 146.0 103.0 (338 ft) K1-K2 1.43 0.042
§ --------------------------------------------------
§ Incl. 47.0 48.0 1.0 (3.3 ft) K1-K2 10.47 0.305
§ --------------------------------------------------
§ PLL08032 1350E - 3+25N 52.0 163.0 111 (364 ft) K1-K2 1.18 0.034
§ --------------------------------------------------
§ NOTE: True widths estimated at approximately 70% of intersection width
§
Premier holds the option to acquire up to a 70% interest in the Geraldton Project from Roxmark Mines Limited (TSX-V:RMK - News) by making cash and share payments to Roxmark, and performing exploration on the Project. The current drilling is part of an ongoing minimum $2.5 Million exploration program aimed at confirming Premier's belief that previously untested sub-parallel mineralized faults occur proximal to the historic Little Long Lac Gold Mine. A systematic drill program is being carried out at Little Long Lac in an effort to build gold resources in the Kailey, and also in the No.9, No.10, and No.11 Vein zones.
The "Geraldton Project" is located in the heart of the Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold district that has seen relatively little exploration over the past several decades. The Project area covers approximately 10 kilometres of some of the most prospective geology in the region and is host to three past-producing mines and numerous exploration targets in a district that has seen historic production of more than 4.1 Million ounces of gold. Several slides of the Little Long Lac area can be viewed on the Premier Gold Mines Limited website, www.premiergoldmines.com.
Other Projects - Red Lake & Santa Teresa
----------------------------------------
In addition to the Geraldton Project, Premier holds several additional highly prospective projects located in proven gold districts that are currently being explored by diamond drilling. In Red Lake, drilling continues at the Rahill-Bonanza Project, a joint venture with Red Lake Gold Mines Limited, where several 3 key target areas are being tested - Wilmar, Bonanza, and the deep mine target. Ongoing drilling at the Santa Teresa Project in Mexico, a joint venture between Premier and Sutter Gold Mining Inc. (TSX-V:SGM - News), has intersected numerous mineralized quartz vein zones along strike the past-producing Princessa Gold Mine (Historical data indicates that mined grades within the district average better than 1.00 ounce gold per ton). Assays from the first several holes are expected to be released in the near future.
Stephen McGibbon, P. Geo., is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. Core from Geraldton is sent to Accurassay Laboratories, an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
Premier Gold Mines Limited is a fully financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two of these are operated in joint venture with Red Lake Gold Mines. A strategic project is also located on the main Musselwhite Gold Mine trend.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Quelle: http://biz.yahoo.com/cnw/080527/premier_gold_mines.html?.v=1
Premier Gold Mines Limited (TSX:PG), Announces the Following Webcast:
TORONTO, ONTARIO--(Marketwire - June 12, 2008) - Premier Gold Mines Limited (TSX:PG), - announces the following Webcast:
What: A presentation by Ewan Downie, President and Chief Executive
Officer of Premier Gold Mines Limited, will provide a complete
corporate update including several exciting developments at
Company projects.
Date: June 17, 2008, @ 4:30 PM Eastern
To view go to: www.investorcalendar.com/IC/CEPage.asp?ID=130790
How: Live over the Internet - Simply log on to the web at the
address above.
Contact: Tammy Lehtinen (807) 346-1390
If you are unable to participate during the live webcast, the call will be
available for replay at: www.investorcalendar.com/IC/CEPage.asp?ID=130790
or http://www.investorcalendar.com/
Premier completes sale of Pickle Crow Project
TORONTO, June 12 /CNW/ - PREMIER GOLD MINES LTD (TSX:PG) ("Premier") is
pleased to announce that it has completed the sale of its interest in the
Pickle Crow Property to newly listed PC GOLD INC. (PKL:TSX) ("PC Gold").
As consideration for its interest in the Property, Premier received
$1.25 million in cash, 3.8 million shares of PC Gold, and 950,000 Warrants
exercisable to acquire one common share of PC Gold for a period of 24 months
from closing at a price of $1.40 per share. Premier's share ownership
represents 14.8% of the issued and outstanding common shares of PC Gold, and
the Warrants represent 40.0% of the issued and outstanding Warrants of PC
Gold. If its Warrants were to be exercised, Premier would beneficially own
approximately 17.8% of the Company's common shares on a partially diluted
basis.
In addition to the cash and share payments, Premier will retain a 0.5%
Net Smelter Royalty in the Pickle Crow Property that consists of 98 contiguous
patented mining claims covering a surveyed area of 1,582.9 hectares located
approximately 400 kilometres northwest of Thunder Bay, Ontario, near the
community of Pickle Lake. The Property is host to the high-grade, past
producing, Pickle Crow Gold Mine and includes a new nominal 225 tonne per day
pilot mill, related equipment and stockpiles.
The payments add to Premier's already strong balance sheet. Assuming the
current value of the PC Gold shares, Premier now has close to $20 million in
cash and investments.
Stephen McGibbon, P. Geo., Executive Vice-President and COO of Premier,
is the Qualified Person for the information contained in this press release
and is a Qualified Person within the meaning of National Instrument 43-101.
Premier Gold Mines Limited is a Canadian-based mineral exploration and
development company with a strong treasury and has diverse property holdings
that include several projects and deposits in Northwestern Ontario and a joint
venture in Mexico.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual events
or results could differ materially from the Company's expectations and
projections.
%SEDAR: 00024152E
For further information: Ewan Downie, President & CEO , Phone: (807)
346-1390, Fax: (807) 346-0100, E-mail: info@premiergoldmines.com, Web Site:
http://www.premiergoldmines.com
Shares Issued: 68,747,742
THUNDER BAY, ON, June 17 /CNW/ - PREMIER GOLD MINES LTD (TSX:PG) is
pleased to announce the discovery of high-grade gold mineralization at the
Santa Teresa Project located in the historic and high grade El Alamo District
of Baja California Norte, Mexico.
Results to date, highlighted in Table 1 below, confirm the following:
<<
- Drilling has discovered multiple high-grade veins along strike from
the historic Princessa Gold Mine, whose average production grade
exceeded one ounce per ton.
- Results include multiple intercepts in excess of 1.0 oz/ton gold and
up to 13.98 oz/ton Au (479.31 g/tonne) along core widths of between
one and three metres.
- Results from hole ST005, the highest grade to date, occur some
210 metres SE of Princess, at more than twice the depth of the
deepest known mining at Princessa (possibly the entire district) and
remains open at depth.
- Recent drill intersections (assays pending) confirm this high grade
mineralization extends up to 500 metres to the southeast of the
Princessa Mine and currently remains open in that direction.
- Additional discovery potential is indicated by a single drill hole,
ST006 (assays pending), that has intersected favourable looking
veining and mineralization in a parallel structure.
>>
Core from hole ST005 will be on display at the Company's Annual General
Meeting, being held at the Toronto Board of Trade on Tuesday, June 17, 2008.
The Santa Teresa Project is located adjacent to and on strike from the
past-producing Princessa Mine (the district's largest gold producer), which
was mined to a maximum depth of only 110 metres, and whose orebody was known
to extend close to the northern boundary of the Santa Teresa Property. Gold
production at El Alamo, a 16-kilometre long district, was halted at its peak
owing to technological and political circumstances early in the 20th century.
Since then, only minimal exploration has taken place, presenting a unique
opportunity for Premier and its joint venture partner Sutter Gold Mining Inc.
(TSX-V:SGM).
Results to date indicate that high grade gold mineralization, with
intersections as high as 479.31g/t Au (13.98 oz/ton) over 2.0 metres, occurs
over a minimum strike length of 150 metres, open to the south, and to a
minimum depth of over 200 metres where the horizon remains open. Table 1
includes all holes drilled to-date with significant assay results received
and/or preliminary comments listed for each.
<<
Table 1 Significant Results to Date
--------------------------------------------------
Hole-ID Zone Section From To Length AU Length AU Comment
(m) (m) (g/t) (ft) (opt)
--------------------------------------------------
ST001 QUINOTA 150 SE 127.4 128.6 1.2 26.19 3.9 0.76 VG
NEW 133.5 134.5 1.0 2.55 3.3 0.07 VG
--------------------------------------------------
ST002 150 SE ASSAYS PENDING
ST003 150 SE ASSAYS PENDING
ST004 150 SE ASSAYS PENDING
--------------------------------------------------
ST005 QUINOTA 210 SE 239.0 241.0 2.0 479.31 6.6 13.98 VG;
ASSAYS PENDING
WITH VG
--------------------------------------------------
ST006 NEW 490 SE ASSAYS PENDING;
VG NOTED
--------------------------------------------------
ST007 NEW 100 SE 47.5 48.5 1.0 14.55 3.3 0.42
NEW 56.5 57.5 1.0 2.35 3.3 0.07
BORRACHA 88.8 90.0 1.2 13.90 3.9 0.41
PRINCESSA 163.0 164.0 1.0 17.04 3.3 0.50
--------------------------------------------------
ST008 BORRACHA 100 SE 55.0 56.0 1.0 33.87 3.3 0.99
PRINCESSA 121.1 122.1 1.0 39.41 3.3 1.15
FW PRINCESSA 128.5 129.5 1.0 3.07 3.3 0.09 VG
--------------------------------------------------
ST009 100 SE nsv ALL ASSAYS
(less than)
1.0 GPT
--------------------------------------------------
ST010 QUINOTA 100 SE 142.1 143.0 0.9 2.56 3.0 0.07
CRUDA 214.0 217.0 3.0 8.17 9.8 0.24
including 215.0 216.0 1.0 13.00 3.3 0.38
--------------------------------------------------
ST011 QUINOTA 50 SE 83.0 84.0 1.0 1.82 3.3 0.05
--------------------------------------------------
ST012 QUINOTA 50 SE 52.6 53.6 1.0 2.01 3.3 0.06
NEW 141.5 142.5 1.0 3.06 3.3 0.09
NEW 149.5 150.5 1.0 3.00 3.3 0.09
CRUDA 201.5 204.0 2.5 12.58 8.2 0.37
including 201.5 202.5 1.0 29.11 3.3 0.85
HW PRINCESSA 249.0 250.0 1.0 1.78 3.3 0.05
PRINCESSA 258.5 259.5 1.0 1.84 3.3 0.05
--------------------------------------------------
ST013 BORRACHA 50 SE 25.0 26.4 1.4 6.73 4.6 0.20
NEW 42.0 43.0 1.0 2.25 3.3 0.07
CRUDA 83.1 84.1 1.0 102.89 3.3 3.00 VG
PRINCESSA 110.5 113.7 3.2 6.89 10.5 0.20
including 112.7 113.7 1.0 18.84 3.3 0.55
--------------------------------------------------
ST014 CRUDA 00 SE 183.0 184.0 1.0 1.54 3.3 0.04
--------------------------------------------------
ST015 490 SE ASSAYS PENDING
--------------------------------------------------
ST016 00 SE nsv ALL ASSAYS
(less than)
1.0 GPT
--------------------------------------------------
ST017 210 SE ASSAYS PENDING;
VG NOTED
--------------------------------------------------
(*) True widths estimated between 65-85% of intersection width
The Santa Teresa Project is accessible by road, and is located
approximately 100 kms southeast of Ensenada and about 250 kms south of San
Diego, California, USA. Premier's initial Phase One 5,000 metre drill program
was designed to test the extent, continuity and grade of known gold-bearing
vein structures previously evaluated only within 20 metres of surface. The
program has since been expanded to a minimum of 21 holes in Phase One due to
current results and continued quartz vein-hosted mineralization (including
visible gold, pyrite, chalcopyrite and galena) noted in holes recently
drilled, but not yet assayed. Of particular note is the mineralized vein
intersection in drill hole ST006, a single hole drilled to test a structure
parallel to "main zone" which is the currently the focus of ongoing drilling.
Follow-up drilling will be performed in this area in the near future.
Premier is attracted to the El Alamo District because of a unique history
of high mined grades, but little modern exploration. The properties, being
explored by Premier and Sutter are:
- Located within a proven (some 220,000 ounces of past production) gold
district.
- Historical data indicates that mined grades within the district are
between 1.00 and 2.00 ounces per ton (opt).
- The majority of district production occurred within 120 metres of
surface, but remains open at depth.
- Geologically similar to the historic Mother Lode District of
California.
>>
"We are extremely satisfied and excited with the drill results received
to date." commented Ewan Downie, President & CEO of Premier, "Our goal is to
develop a high grade resource at Santa Teresa and these initial results
indicate that this potential is real".
Premier has secured the right to earn up to a 65% interest in the joint
venture with SGMI at Santa Teresa. Recently, Premier announced that it had
signed a Memorandum of Understanding ("MOU") with Compania Minera Quasaro SA
DE CV ("Quasaro"), a private, arms-length company, to purchase the "La
Victoria Concession" located within the Santa Teresa Concession for the joint
venture. Veins currently being explored in the Phase One program may extend
along strike into La Victoria.
Stephen McGibbon, P.Geo., Executive Vice-President and Chief Operating
Officer of Premier, is the qualified person for the information contained in
this press release and is a Qualified Person within the meaning of National
Instrument 43-101. A stringent QAQC program utilizing blanks, standards and
replicates has been developed by Mark Payne, Consulting Geologist, for the STC
joint venture. All sample prep and analysis is being conducted by American
Assay Laboratories Inc. of Sparks, Nevada utilizing conventional 1 assay-ton
fire assay and 500-gram screen metallic methods.
Premier Gold Mines Limited is a Canadian-based mineral exploration and
development company with a strong treasury and has diverse property holdings
that include several projects and deposits in Northwestern Ontario and a joint
venture in Mexico.
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual
events or results could differ materially from the Company's expectations
and projections.
%SEDAR: 00024152E
For further information: Ewan Downie, President & CEO, Phone: (807)
346-1390, Fax: (807) 346-0100, E-mail: info@premiergoldmines.com, Web Site:
http://www.premiergoldmines.com
2008-06-17 09:46 ET - News Release
Also News Release (C-SGM) Sutter Gold Mining Inc
Mr. Ewan Downie of Premier Gold reports
PREMIER - SUTTER DRILLING DISCOVERS HIGH GRADE GOLD AT SANTA TERESA INCLUDING 479.31G/T GOLD (13.98 OZ/TON) ACROSS 2.0 METRES
Premier Gold Mines Ltd. has discovered high-grade gold mineralization at the Santa Teresa project located in the historic and high-grade El Alamo district of Baja California Norte, Mexico.
Results to date, highlighted in the attached table, confirm the following:
Drilling has discovered multiple high-grade veins along strike from the historic Princessa gold mine. The average production grade exceeded one ounce per ton.
Results include multiple intercepts in excess of one ounce per ton gold and up to 13.98 ounces per ton Au (479.31 grams per tonne) along core widths of between one and three metres.
Results from hole ST005, the highest grade to date, occur about 210 metres southeast of Princess, at more than twice the depth of the deepest known mining at Princessa (possibly the entire district) and remains open at depth.
Recent drill intersections (assays pending) confirm this high-grade mineralization extends up to 500 metres to the southeast of the Princessa mine and currently remains open in that direction.
Additional discovery potential is indicated by a single drill hole, ST006 (assays pending), that has intersected favourable-looking veining and mineralization in a parallel structure.
Core from hole ST005 will be on display at the company's annual general meeting, being held at the Toronto Board of Trade on Tuesday, June 17, 2008.
The Santa Teresa project is located adjacent to and on strike from the past-producing Princessa mine (the district's largest gold producer), which was mined to a maximum depth of only 110 metres and the orebody was known to extend close to the northern boundary of the Santa Teresa property. Gold production at El Alamo, a 16-kilometre-long district, was halted at its peak, owing to technological and political circumstances early in the 20th century. Since then, only minimal exploration has taken place, presenting a unique opportunity for Premier and its joint venture partner, Sutter Gold Mining Inc.
Results to date indicate that high-grade gold mineralization, with intersections as high as 479.31 g/t Au (13.98 ounces per ton) over two metres, occurs over a minimum strike length of 150 metres, open to the south and to a minimum depth of over 200 metres, where the horizon remains open. The attached table includes all holes drilled to date, with significant assay results received and/or preliminary comments listed for each.
The Santa Teresa project is accessible by road, and is located approximately 100 kilometres southeast of Ensenada and about 250 kilometres south of San Diego, Calif. Premier's initial phase 1 5,000-metre drill program was designed to test the extent, continuity and grade of known gold-bearing vein structures previously evaluated only within 20 metres of surface. The program has since been expanded to a minimum of 21 holes in phase 1 due to current results and continued quartz vein-hosted mineralization (including visible gold, pyrite, chalcopyrite and galena) noted in holes recently drilled, but not yet assayed. Of particular note is the mineralized vein intersection in drill hole ST006, a single hole drilled to test a structure parallel to Main zone, which is currently the focus of continuous drilling. Follow-up drilling will be performed in this area in the near future.
Premier is attracted to the El Alamo district because of a unique history of high-mined grades, but little modern exploration. The properties, being explored by Premier and Sutter are:
Located within a proven (about 220,000 ounces of past production) gold district;
Historical data indicate that mined grades within the district are between one and two ounces per ton;
The majority of district production occurred within 120 metres of surface, but remains open at depth;
Geologically similar to the historic Mother Lode district of California.
"We are extremely satisfied and excited with the drill results received to date," commented Ewan Downie, president and chief executive officer of Premier. "Our goal is to develop a high-grade resource at Santa Teresa and these initial results indicate that this potential is real."
Premier has secured the right to earn up to a 65-per-cent interest in the joint venture with SGMI at Santa Teresa. Recently, Premier announced that it had signed a memorandum of understanding with Compania Minera Quasaro SA de CV, a private, arm's-length company, to purchase the La Victoria concession, located within the Santa Teresa concession, for the joint venture. Veins currently being explored in the phase 1 program may extend along strike into La Victoria.
Stephen McGibbon, PGeo, executive vice-president and chief operating officer of Premier, is the qualified person for the information contained in this press release and is a qualified person within the meaning of National Instrument 43-101. A stringent QA/QC program using blanks, standards and replicates, has been developed by Mark Payne, consulting geologist, for the STC joint venture. All sample preparations and analyses are being conducted by American Assay Laboratories Inc. of Sparks, Nev., using conventional one-assay-ton fire assay and 500-gram screen metallic methods.
We seek Safe Harbor.
´Mit weiteren guten Bohrergebnissen aus diesen beiden Explorationsprojekten ist in den nächsten Wochen zu rechnen.
Mit solchen Resultaten hätte diese Aktie vor einem Jahr noch gut 30 % zugelegt (und damals stand der Goldpreis noch deutlich tiefer) - aber das kommt noch - premier gold hat noch einen langen Weg vor sich: NACH NORDEN.
Erst gestern schrieben wir im Börsenbrief auf Seite 5 unten: „Mögliche Übernahmekandidaten dürften die Red-Lake-Plays Gold Eagle (GEA) und unser Favorit Premier Gold Mines sein.“
Dass Goldcorp sich ausgerechnet die (unserer Meinung nach) viel zu teuere Gold Eagle zuerst schnappt, liegt wohl an der Offensive von Konkurrent Agnico-Eagle (Kanada-Kürzel begründet, der sich zuletzt mit 10% an Gold Eagle beteiligt hatte. Das Goldcorp-Management sah sich somit in die Ecke gedrängt und reagierte nun mit dem Übernahmeangebot. Goldcorp bietet für jede Gold Eagle-Aktie 6,80 CAD in bar und 0,146 eigene Aktien. Die Gold Eagle – Aktie gewinnt heute 17% auf 12,86 CAD.
Nun gibt es in Red Lake nur noch ein Sahnestück – nennen wir es besser das Filetstück! Und dieses Filetstück gehört Premier Gold Mines (PG)!
Wir haben zum wiederholten Male die Landkarte von Red Lake in dieses Update eingefügt (siehe Unten). Sie sehen eindeutig, dass die Premier-Liegenschaft, die man schon zusammen mit Goldcorp als Joint Venture betreibt, im „Epizentrum“ dieses Gebietes liegt. Goldcorps Wundermine Red Lake, auf die ein Großteil der 28 Milliarden CAD Börsenwert basiert, sehen Sie rechts (also im Osten) mit gelben Punkten. Ganz links (also im Westen) sehen sie das jetzt für 1,5 Milliarden CAD akquirierte Gebiet von Gold Eagle.
Angehängte Grafik:
premier_goldcorp.jpg (verkleinert auf 53%)
premier_goldcorp.jpg (verkleinert auf 53%)
Premier hat nicht nur die Vorraussetzungen, sondern auch bereits die Nachweise erbracht, mindstens eine ebensolche marktkapilisierung wie Gold Eagle zu erlangen - was bedeuten würde: eine 16 fachung des heutigen Kurses.
"Leider" wird vorher aber die Übernahme durch Goldcorp erfolgen.....