Primero Reports Exploration Results from Black Fox and San Dimas

Gold Investing

Primero Mining Corp. (TSX:P,NYSE:PPP) announced the results of exploration programs completed at its Ontario-based Black Fox mine, and San Dimas mine in Mexico. President and CEO Ernest Mast said the results demonstrate the exploration upside at both sites.

Primero Mining Corp. (TSX:P,NYSE:PPP) announced the results of exploration programs completed at its Ontario-based Black Fox mine, and San Dimas mine in Mexico. President and CEO Ernest Mast said the results demonstrate the exploration upside at both sites.
Highlights from Black Fox include:

  • Froome Zone Expands with Significant Continuity: Highlights from recent drilling at the Froome zone, located 800 metres west of the Black Fox deposit, include long mineralized intercepts of significant gold grades of 5.0 grams per tonne (“g/t”) gold over 42.9 metres true width(15PR-G011), 4.6 g/t gold over 35.3 metres true width (15PR-G031) and 6.0 g/t gold over 25.6 metres true width (15PR-G048). Primero also completed a drill hole to test the down plunge extent and continuity of mineralization, which featured notable intercepts of 6.1 g/t gold over44.1 metres, 7.2 g/t gold over 14.7 metres, and 7.7 g/t gold over 102.6 metres (15PR-G016).
  • New Froome-Like Mineralization Identified: A drill hole has intersected Froome-like mineralization, located 750 metres southeast of Froome and approximately 300 metres from Black Fox mine. Initial results include 2.5 g/t gold over 10.8 metres (15PR-G009). Similar to Froome, this new intersection is situated within an area of low magnetic response, the trend of which extends for over 3 kilometres across the Black Fox property, and contains other interpreted Froome-like targets.

Key results from San Dimas include:

  • New Vein Discovered Under Volcanic Capping: New vein discovered approximately 200 metres north of the Jessica vein. The ‘Convención vein’ preliminary results include 2.3 g/t gold and 136 g/t silver over 0.4 metres true width (CNV15_001). Primero’s exploration geologists believe there to be good potential to outline additional mineralization from this vein, located in a highly prospective area of San Dimas.
    New High-Grade Ore Shoot of Regina Vein Identified: Recent drilling results have identified a new high-grade ore shoot of the Regina vein including 9.4 g/t gold and 1,673 g/t silver over 3.8 metres true width (SRE16_010), and 13.3 g/t gold and 1,403 g/t silver over 2.7 metres true width (SRE16_012). Similar to the Jessica and Convención veins, the Regina vein occurs below the upper volcanic capping and does not outcrop at surface.
  • Additional High Grade Intercepts from Victoria Vein: Victoria vein has been extended with recent drilling including 22.8 g/t gold and 841 g/t silver over 4.3 metres true width (VIC16_371), 16.5 g/t gold and 1,062 g/t silver over 2.4 metres true width (VIC15_368), 10.1 g/t gold and519 g/t silver over 4.7 metres true width (VIC15_366) and 25.3 g/t gold and 794 g/t silver over 0.7 metres true width (VIC15_369).

Click here to read the full Primero Mining Corp. (TSX:P,NYSE:PPP) press release.

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