A 25,000m drilling campaign has extended the Epp-C zone by at least 150m to the west and 60m to the east with the Epp-C and Epp-D zones representing priority targets to delineate more mineral resources. Drilling highlights included 13m grading 12.05 grams per tonne within an intercept of 38.8m grading 4.93g/t at Epp-C.
"This drilling campaign is confirming the considerable potential of this property, located in the heart of one of the world's most respected high-grade gold camps. All target areas remain open for expansion," said EVP Stephen McGibbon.
Premier has delineated open pit resources in excess of one million ounces at Hasaga and earmarked some C$4 million for 25,000m of exploration and initial delineation drilling in 2020 to support an updated mineral resource estimate for the property. To date, 18 holes for 18,000m have been completed.
Hasaga hosts the past-producing Hasaga, Buffalo and Goldshore mines and is contiguous with Pure Gold Mining's Madsen mine development which is due to commence production before year end.
Shares in Premier Gold Mines are trading at C$2.74, valuing the company at $650 million.