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Premier Gold expands high-grade mineralization at Hasaga near Red Lake

Nov 18, 2020

“This drilling campaign intersected gold mineralization in every hole and was often accompanied by visible gold”, said Stephen McGibbon, Premier’s Executive Vice-President. “In addition to significantly expanding the Epp-C and D zones, we have successfully demonstrated widespread mineralization further to the west toward Buffalo that warrants continued exploration. We feel strongly that our planned mineral resource update will support our excitement for the potential future development of this project.”

PREMIER GOLD MINES LIMITED is pleased to report additional positive exploration results that expand the footprint of the Epp-C and Epp-D zones at its 100%-owned Hasaga Project in Red Lake, Ontario.

The Hasaga Project hosts high-grade mineralization with true widths up to 30 m that may represent the next generation of mineral resources in Red Lake with attractive attributes for potential mine development. Recent highlights from the 2020 exploration campaign include further expansion of the Epp-C to the east and confirmation that the Epp-D zone is important target for future drilling (Figure 1):

  • Up-dip extension of the Epp-C zone with new intercepts grading 17.0 m of 4.93 g/t Au (HMP192W1) and 3.5 m of 76.12 g/t Au (HMP167W1)

  • Infill drilling confirming high-grade core of the Epp-C Zone with 7.6 m of 26.82 g/t Au (HMP201)

  • Continuity of high-grade structures of Epp-D Zone for at least 240 m with new intercepts including 11.0 m

    of 4.94 g/t Au (HMP198)

    The Hasaga Property is located contiguous with Pure Gold Mining’s Madsen Project (1 million ounces of high-grade probable reserves earmarked for Q4 2020 production) and is host to the past producing Hasaga, Buffalo and Goldshore mines. The focus of the 2020 program is to evaluate the underground potential at Hasaga that shares similarities to other Canadian gold mines such as West Timmins (Pan American Silver) and Young-Davidson (Alamos). Drilling for the season is now complete with 23,795 m drilled in 28 holes. Assays are pending for the final holes drilled from the program. Abbreviations used in this press release are available by following this link (click here).


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