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Premier Provides South Arturo Mine Update - Declares Commercial Production
Premier Gold Mines Limited (CNW Group/Premier Gold Mines Limited)
NEWS PROVIDED BY

Premier Gold Mines Limited
Oct 28, 2019, 06:00 ET



Drilling Intersects 112.8 m of 7.29 g/t Au at Phase 3 and 24.4 m of 20.60 g/t Au at El Niño



THUNDER BAY, ON, Oct. 28, 2019 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG) (OTCPK: PIRGF) ("Premier", "the Company") is pleased to announce commercial production has been achieved, ahead of schedule, at the El Niño underground mine, the Company's 40%-owned South Arturo Property located in the Carlin Trend of Nevada. Also, new definition and step-out drilling results from the ongoing 2019 campaign are showing better outcomes than projected. Initial production supports this and emphasizes the continued opportunity to expand high-grade mineralization on the property. The South Arturo Mine is a joint venture between Premier and Nevada Gold Mines LLC, a joint venture between Newmont-Goldcorp and Barrick Gold Exploration Inc. ("Barrick") operated by Barrick. Highlight intercepts include:

El Niño

24.4 m of 20.60 g/t Au (SEC19010)
50.3 m of 6.36 g/t Au (SEC19009)
39.6 m of 8.75 g/t Au (SEC19001)
32.0 m of 10.09 g/t Au (IER19021)
Phase 3

112.8 m of 7.29 g/t Au (MAD19004)
62.5 m of 7.93 g/t Au (MAD19002)
118.9 m of 1.78 g/t Au (MAD19005)
Production at El Niño has commenced ahead of schedule and on budget, with high-grade ore now being processed at the Goldstrike facility located 8 km to the south. Based on current projections, overall gold production from South Arturo is anticipated to surpass expectations, which called solely for pre-production ore, for the year. Development of the Phase 1 pit is ongoing.

In 2019, multiple drill programs are being completed including in-fill and step-out drilling from the underground drill stations at the El Niño mine, geotechnical drilling at the proposed Phase 3 pit project, and drilling at the East Dee target.

El Niño Drill Program

During 2019, definition and step-out drill holes are being completed from underground drill stations at the newly constructed El Niño mine. Although some assay remains pending, results received to date have exceeded expectations (Table 1, Figure 1).

https://www.newswire.ca/news-releases/premier-provides-south-arturo-mine-update-declares-commercial-production-885291507.html

lot of venture, metals dare my friend/ 'Premier Gold Mines Ltd. (TSX:PG)'

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