Premier Announces Additional High-grade Gold Results at Hasaga Project

Premier Gold Mines Limited (TSX-PG) provided a summary of recent drill results from its Hasaga Project located at Red Lake, Ontario. The 2018 program is focused on infill and expansion of mineralization within the C-Zone, D-Zone and Buffalo targets areas.

Highlights are as follows:

C-Zone

• Hole HMP167: 5.5m of 7.21 g/t Au and 10.0m of 8.54 g/t Au
• Hole HMP169: 3.0m of 14.36 g/t Au, 1.0m of 20.00 g/t Au and 2.0m of 58.76 g/t Au
• Hole HMP169-W1: 4.0m of 26.45 g/t Au, 4.0m of 6.83 g/t Au and 5.0m of 17.93 g/t Au

D-Zone

• Hole HMP171: 6.0m of 5.86 g/t Au
• Hole HMP172: 6.0m of 13.67 g/t Au

The US$2.8 million 2018 program consists of 20,000 metres of drilling to follow up significant intercepts from Premier’s 2017 exploration program. Highlight intercepts from the 2017 exploration campaign in the C-Zone include; 54.0 metres of 10.94 g/t Au in hole HMP151 and 21.0 metres of 12.03 g/t Au in hole HMP164-W3. Figure 1 is a long section view displaying the location of the 2017-2018 drilling in the C-Zone, D-Zone and Buffalo target areas.

Stephen McGibbon, executive vice-president, commented:

We are very pleased with our success to date, in delineating and expanding the continuity of the Hasaga trend along strike and at depth. These deeper, higher-grade structures could indicate the potential for the optionality of a lower CAPEX, higher grade standalone production opportunity in addition to the near surface open-pitable potential demonstrated in our 2016-17 program.

Click here to read the full Premier Gold Mines Limited (TSX-PG) press release.