Premier confirms 69% increase in open pit indicated resources at Hardrock to 3.97M ounces
THUNDER BAY, ON , July 8, 2014 - PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (PG.TO) is very pleased to release an updated mineral resource estimate for the Company's 100%-owned Hardrock gold deposit, located in Northwestern Ontario some three (3) kilometres south of the Town of Geraldton . The undiluted and in-situ estimate was completed by InnovExplo Inc. utilizing a 3D block model and supported with input from the Company's geological personnel. Table 1 provides a deposit summary of the resource at Hardrock, categorized by potential open-pit (O/P) and underground (U/G) economic cut-off grades (COG). For the benefit of transparency, a comprehensive reconciliation of changes with respect to the previously released resource estimate (see press release dated October 29, 2013 ) is provided. In addition, an upside resource case as well as guidance on progress related to the ongoing Hardrock Feasibility Study is provided below.
- Published: 08 July 2014
- Written by Editor