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Premier Provides Update of Mineral Reserves and Resources
Mar. 26, 2018 07:16AM PST
Precious Metals InvestingPremier Gold Mines Limited provided an update of mineral reserves and mineral resources effective December 31, 2017 at the company’s Mercedes Mine.
Premier Gold Mines Limited (TSX:PG) provided an update of mineral reserves and mineral resources effective December 31, 2017 at the company’s Mercedes Mine in the State of Sonora, Mexico.
Highlights are as follows:
- Mineral reserves of 417,000 ozs gold at 3.94 g/t net of mining depletionsince June 30, 2016
- A 34% increase in measured and indicated resource to 511,000 ounces at 4.32 g/t
- A 23% increase in inferred mineral resources to 220,000 ozs gold at 4.2 g/t
Ewan Downie, president & CEO, commented:
Replacing reserves and expanding resources net of depletion, since acquisition, demonstrates our ability to extend the mine life at Mercedes. Improved reserve and resource visibility will continue to be a top priority as we optimize our long-term goal of safe, low-cost production. A priority for 2018-19 will be to complete underground infrastructure to support definition drilling of the high-grade Marianas Zone in order to move the deposit into the future mine plan.
Click here to read the full Premier Gold Mines Limited (TSX:PG) press release.
