Premier Gold Mines Ltd. (TSX:PG) has announced drilling has intersected the first of two primary targets on the Rahill-Bonanza Property, a joint venture being explored with Red Lake Gold Mines Limited, an affiliate of Goldcorp Inc.
The current hole intersected about 120 metres of veining and mineralization within the West Granodiorite Zone target, which represents a significant strike and depth extension to this known deposit.
Drilling will continue to test the potential extension of the Bruce Channel Deposit.
The current drill program is focused on testing prospective targets and defining potentially significant resources, located in close proximity to Goldcorp's Bruce Channel Deposit that is immediately northwest of the joint venture property.
The new West Granodiorite intercept is located approximately 100 metres along strike to the west of, and 300 metres below, the known West Granodiorite Deposit, a large, near-surface, bulk-tonnage deposit that could become part of the early mine planning in the area.
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