Centerra, Premier Report Successful Drill Campaign at Hardrock Project

Centerra Gold Inc. (TSX:CG) and Premier Gold Mines Ltd. (TSX:PG) announced the results of a diamond drill program completed at their Hardrock project, located at the Trans-Canada property in Ontario. The program consisted of 17,428 meters across 62 drill holes.

As quoted in the press release:

The drill campaign was designed to test specific portions of Premier’s July 2014 resource block model for the Hardrock Deposit and to gain a better understanding of the distribution and grade of the gold mineralization in the deposit. Overall, the drill campaign was successful in continuing to identify gold mineralization within the current optimized pit boundary.

Assay results are still pending for seven of the completed drill holes. An additional three holes are awaiting QA/QC verification. Once these assays have been received and quality control checks performed these results will be available and the complete set of assay results and geological information for all 62 drill holes of the 2015 campaign will be added to the Hardrock drill hole database and incorporated into an updated resource block model for the Hardrock Deposit.

Work also continues on various technical studies, environmental and social impact assessments, and on obtaining the necessary permitting for the Hardrock Deposit. A feasibility study on the Hardrock Deposit is expected to be completed in late 2015 or early 2016.

Click here to read the full Centerra Gold Inc. (TSX:CG) and Premier Gold Mines Ltd. (TSX:PG) press release.