|
Premier provides Rahill-Bonanza (Red Lake) Jv property update Premier Gold Mines Ltd. Shares Issued: 148,992,712 THUNDER BAY, ON, Nov. 20, 2012 /CNW/ - PREMIER GOLD MINES LIMITED (TSX: PG) is pleased to announce that surface drilling at the JV Project continues to expand gold mineralization in multiple target areas proximal to the Wilmar Mine. In addition, new gold-bearing structures have been intersected by the haulage drift (tram) on the Company's Rahill-Bonanza Joint Venture Project in Red Lake. The Rahill-Bonanza Project (PG:49% & G:51%) is strategically located in the heart of the main Red Lake "Mine Trend" between the Red Lake Gold Mines complex to the east, and the Cochenour (Bruce Channel) Project to the west. The property is being explored from both surface and underground with joint venture partner Red Lake Gold Mines Limited ("RLGM"), an affiliate of Goldcorp Inc. (TSX: G), (NYSE: GG). Highlights from three holes recently completed in the Wilmar area and updates from the tram include: PG12110 tested the down-dip extension of the past-producing Wilmar Mine returning an intersection of 4.01 grams per tonne gold (g/t Au) across 20.5 metres (m), or 0.12 ounces per ton (oz/t) across 67.3 feet, including 11.51 g/t Au across 3.0 m (0.34 oz/t across 9.8 feet). This hole tested the horizon some 457 metres (1500 feet) below the bottom level of the mine. PG12111 deviated and did not test its intended target, a projected fold in the main unconformity to the southwest of Wilmar. This target will be redrilled in the 2013 drill program. PG12112 was a near vertical hole that tested the West Granodiorite Zone (WGZ), a bulk-tonnage target located immediately west of Wilmar. As veining within the WGZ is flat-lying, this hole provided a good test of the horizon and returned an interval of 1.52 g/t Au across 126.0 m (0.04 oz/t across 413.4 feet) with higher grade intervals of up to 27.08 g/t Au across 1.0 m (0.79 oz/t across 3.3 feet). Multiple gold-bearing horizons, in addition to those previously announced, have been intersected in the tram. Eight closely-spaced holes have been drilled to test one of these structures hosting visible gold (assays pending). The regional drill program, consisting of flat holes drilled at regular intervals and up to 5000 feet (1,524.0 metres) in length has commenced with the first hole having been completed. This long-term program is designed to provide a geological base model of the "Mine Trend" at tram depth from the Red Lake Mine complex to the Cochenour Mine complex that will be used to identify targets for future drilling. http://www.minenportal.de/artikel.php?sid=73424&lang=en#Prem… |
|
| aus der Diskussion: | Premier Gold Mines vor Ausbruch ! |
| Autor (Datum des Eintrages): | cervical (20.11.12 13:01:34) |
| Beitrag: | 3,610 von 5,479 (ID:43842483) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |