Ongoing drilling at the Hardrock Project in Geraldton, Northwestern Ontario continues to return high-grade gold mineralization in the Tenacity Zone, announced Premier Gold Mines Limited (TSX:PG).
Initial drilling has focused on identifying potential open-pit style mineralization, and confirmed up to 15.7 grams per tonne of gold across 32.1 metres and 2.38 grams per tonne (g/t Au) across 23 metres.
Drilling is now directed on extending the Tenacity Zone down plunge to follow on recent intersections of up to 16.86 g/t Au across 5.5 metres.
The new discovery brings with it the potential to develop both open and underground resources. Extremely high-grade gold with individual samples returning assays of up to 688 g/t Au (20.1 ounces of gold per tonne) across 0.7 metres. The intersection of a second near-surface mineralized horizon located along a similar geological contact.
"These results at Tenacity continue to support management's belief that historic and new results will be utilized in a NI 43-101 compliant mineral resource estimate, expected completed in the fourth quarter of 2009," stated Premier Gold in a press release.
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