Premier Provides Update of Current Reserves and Resources at Mercedes

Premier Gold Mines (TSX:PG) has confirmed a current mineral reserve and resource estimate for the company’s 100 percent owned Mercedes mine, located in the State of Sonora, Mexico.
According to the press release:

The estimate, completed by the Mercedes Mine personnel (with an effective date of June 30, 2016) is documented in an independent technical report completed on behalf of Premier by Roscoe Postle Associates Inc. (RPA).
Highlights of the June 30, 2016 Mercedes estimate include:

• Proven & Probable Reserves exceed 400,000 ounces gold, a 21% increase from 2015 net of depletion
• Proven Reserve grade exceeds 6.00 g/t Au
• Measured & Indicated Resources of 382,000 ounces gold and 4.4 million ounces of silver
• Measured & Indicated Resource grade has increased 23% to 4.14 g/t Au

“A renewed focus on reserve and resource definition at Mercedes has resulted in a 20% increase in Proven and Probable reserves between December and June. This is a result of excellent work by the professional Management team at site” commented Premier President & CEO Ewan Downie. “Premier is now in place as a fully-engaged mine operator and we will continue to seek to grow reserves and resources by maintaining an aggressive exploration and development effort.”

Click here for the full press release.