Published on: 4/28/2014 9:24:13 AM Print | Font Sizes:  Normal Text Large Text

Premier Gold testing new targets


By: Northern Ontario Business staff

Thunder Bay’s Premier Gold Mines announced, April 23, that it’s beginning exploration to test its Bankfield West and Viper target areas near its flagship Hardrock Project near Geraldton.
Thunder Bay’s Premier Gold Mines announced, April 23, that it’s beginning exploration to test its Bankfield West and Viper target areas near its flagship Hardrock Project near Geraldton.

Thunder Bay’s Premier Gold Mines announced, April 23, that it’s beginning exploration to test its Bankfield West and Viper target areas near its flagship Hardrock Project near Geraldton.

The two highly prospective target areas are along strike from Hardrock, which is host to a multi-million ounce open pit deposit.

Stephen McGibbon, Premier’s executive vice-president, said the places they’re targeting, to the east and west of Hardrock, have seen little exploration.

"The Bankfield West and Viper targets represent potential within the district to discover new open pit deposits that could support further resource growth which, when considered in relation to the Hardrock Project, would represent an opportunity to leverage infrastructure and increase scale of currently contemplated operations."

The company also reports it’s winding up a “very successful” 60,000-metre drill program to upgrade the inferred portion of the open pit mineral resource estimate to indicated numbers.

The program identified a potential higher grade core within the recently discovered North Wall Zone.

Hardrock is one of four gold deposits that make up Premier’s Trans-Canada Property, and was the focus of a preliminary economic assessment (PEA) study released last January.

The study outlines the potential for an open pit operation with a 15-year mine life, producing more than 200,000 ounces of gold annually.

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