~*~Mining and Metals Du Jour~*~

[NYBob]

Premier Announces PEA Results on the Cove Project
May 15th, 2018
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After-tax NPV5 of $143.0M & 48% IRR

All figures are in United States of America dollars unless otherwise stated.

PREMIER GOLD MINES LIMITED (TSX: PG) (“Premier”, “the Company”) is
pleased to announce the Preliminary Economic Assessment (“PEA”) of its
100% owned Cove Project (the “Project”) located near Battle Mountain,
Nevada.

Highlights of the PEA results and life-of-mine plan (“LOM”) include:

After-tax NPV5 of $143.0 million, and an after-tax internal rate of return (“IRR”) of 48%
Average operating costs of $199/ton, Cash Cost of $788/oz Au and All-in Sustaining Cost (AISC)(i) of $897/oz Au
Indicated mineral resources of 1,045,000 tons at 0.327 oz/t Au and 0.861 oz/t Ag for 342,000 ounces of gold and 900,000 ounces of silver
Inferred mineral resources of 4,032,000 tons at 0.328 oz/t Au and 0.609 oz/t Ag for 1,322,000 ounces of gold and 2,457,000 ounces of silver
Metallurgical recoveries of 82.7% for gold and 21.6% for silver
LOM gold production of 740,000 ounces during 8 years of operations
Average LOM annual gold production of 92,400 ounces
LOM capital cost of $114.4 million after pre-development costs of $25.8 million
Mine construction capital of $46.6 million
After-tax payback period of 4 years

https://www.premiergoldmines.com/news/press-releases/premier-announces-pea-results-on-the-cove-project


https://www.premiergoldmines.com

In GOD We Trust -






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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -


http://www.biblebelievers.org.au/monie.htm

PG is a great gold producer -
when over $3.- more can margin it
and more funds will enter -
the bargain share price will move higher faster smile)

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God Bless America
- God Bless