Premier Gold Mines Ltd. is finding multiple high-grade gold zones on its Rahill-Bonanza property at Red Lake. The property is located in the middle of the Red Lake camp between the Red Lake Gold Mines complex and the Cochenour complex.
Premier Gold Mines Ltd. is finding multiple high-grade gold zones on its Rahill-Bonanza property at Red Lake.
The property is located in the middle of the Red Lake camp between the Red Lake Gold Mines complex and the Cochenour complex. This year's exploration program is testing a new mineralized zone intersected on the final hole of their 2009 program.
Known as the PG70 Zone, this new gold zone is in close proximity to the Bruce Channel deposit.
Premier's vice-president and COO Stephen McGibbon said the PG70 Zone is taking on the characteristics of other nearby high-grade zones and has the potential to host a large gold resource.
"This area is wide open for expansion and potential additional discoveries as it is completely untested by previous drilling."
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