Premier Gold Mines Ltd.
Greenstone Gold
Overview
Premier holds a 50% interest in the Greenstone Gold Property (formerly Trans-Canada Property) through its participation in Greenstone Gold Mines.
Between 1930 and 1970, more than 4.0 million ounces of gold was mined from multiple mines in the region with the Hardrock mines being the largest. Historic production was from underground mining methods.
The Greenstone Gold Property is blessed with ideal infrastructure that includes the Trans-Canada Highway (Canada's national highway) and the Trans-Canada natural gas pipeline extending along its length.
In late 2016, A feasibility study was completed on the Hardrock open pit deposit. The current focus at Greenstone is to work through the permitting process, and foster relationships with local and aboriginal communities.
On October 3, Premier announce results of an updated mineral resource estimate for the Hardrock deposit, which includes the Hardrock open pit deposit. This updated mineral resource will be included in an updated feasibility study.
Location
The Greenstone Gold Property is located within the Beardmore-Geraldton greenstone belt in Northwestern Ontario, approximately 275km northeast of Thunder Bay.
Geology
Located within the Beardmore-Geraldton Greenstone Belt, the southern part of the Wabigoon Sub-province of the Superior Structural Province. At Hardrock, the gold mineralization is typical of Archean epigenetic hydrothermal gold deposits. The gold is hosted within BIF, porphyry and clastic sedimentary rocks proximal to the regional ductile high-strain Bankfield – Tombill fault. At Brookbank, the 6.5-kilometre long Brookbank shear zone hosts the Brookbank, Cherbourg and Foxear deposits.
For further information visit
WWW.GREENSTONEGOLDMINES.COM
Source: https://www.premiergoldmines.com/greenstone-gold
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