i-80 Gold Corp. (IAU)

[NYBob]

Premier Gold Provides South Arturo Update – Advancing Additional Development Opportunities
July 11th, 2017

PREMIER GOLD MINES LIMITED (“Premier” or “The Company”) (TSX:PG)
is pleased to provide an update of mining and development activities
at the Company’s 40%-owned South Arturo Mine located in the Carlin Trend of Nevada.
The South Arturo Mine is a joint venture between Premier and Barrick
Gold Corporation’s wholly-owned subsidiary of
Barrick Gold Exploration Inc. (“Barrick”). Barrick is the operator
and processes ore from South Arturo at their Goldstrike facility
located approximately 5 kilometres to the south.

https://www.premiergoldmines.com/news/press-releases/premier-gold-provides-south-arturo-update-advancing-additional-development-opportunities

Mining at South Arturo has been extended early into the third quarter in order to maximize production from the Phase 2 pit. Premier now expects its share of 2017 production to exceed 45,000 ounces and will revisit 2017 annual guidance in its upcoming quarterly production release. Ore from the current Phase 2 pit will continue to be processed at the Goldstrike facility in H2-2017 and into 2018. As a result of the extended mining of the Phase 2 pit, that included a redesigned ramp and steepened pit wall (locally), drilling of the El Nino deposit from within the pit will commence in mid H2-2017.

The joint venture continues to assess additional opportunities for future development. The proposed Phase 1 open pit development has been moved into the draft plan for detailed review. If approved, development could begin in early 2019. Drilling to complete additional metallurgical and geotechnical characterization is underway at the Phase 1 pit and the potential future Phase 3 pit.

Immediately following completion of mining in H2-2017, drilling will commence from within the pit to further define the El Nino underground deposit located down plunge of the current Phase 2 pit. During H2-2017 more than 1,200 metres of core drilling and 3,000 metres of RC drilling will be completed in the Upper Zone to increase confidence in the geological model and to support additional metallurgical work. More than 2,000 metres of Cubex drilling is also planned from the elevation of proposed underground portals to infill gaps in the Upper Zone, delineate potential voids, and condemn areas around planned underground development.

Permitting work associated with the underground ramp to be driven from the base of the Phase 2 pit is underway. Reclamation Permit Amendments and the Class II Air Quality Operating Permit have now been approved. Backfilling of the pit, required for underground infrastructure and Cubex drilling, can be completed following the current phase of mining.

“The South Arturo operation and joint venture has been a true success. We have realized a significant return on our investment and the resultant cash flows continue to support near-term development projects without dilution to our shareholders”, stated Ewan Downie, President & CEO. “Premier continues to evolve from explorer to a mid-tier producer by advancing its portfolio of advanced-stage projects in world-class mining jurisdictions”.

In addition to continued development activities in and around the Phase 2 pit, exploration initiatives elsewhere on the joint venture property include drilling beginning in Q3-2017 at the “Ardent Anticline” target, an area with favorable structures and strong anomalous soil geochemistry.

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 gold producer and respected exploration and development company with a high-quality pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico.

For further information, please contact:

Ewan Downie,
President & CEO
Phone: [phone]
e-mail: [e-mail]
Web Site: www.premiergoldmines.com

This Press Release contains certain information ----future events or otherwise, except as required by law.

https://www.premiergoldmines.com/news/press-releases/premier-gold-provides-south-arturo-update-advancing-additional-development-opportunities