10:03 AM EDT, 04/05/2016 (MT Newswires) -- Premier Gold Mines Limited (PG.TO) shares are higher following the company's release of a drilling update from its Hasaga Project.

Drilling continues to extend near surface mineralization in the Hasaga Porphyry and Central Zone areas and is encountering encouraging initial results at the Northgate exploration target area. Highlights from the program include the following: HMP089 contains 42.11 g/t Au across 7.0m in the H1 Zone at the Hasaga Porphyry target area beginning at 25.0m downhole and includes 285.0 g/t Au across 1.0m beginning at 30.0 m downhole, HMP095 contains multiple intercepts including 2.15 g/t Au across 16.5m in the H1 Zone, 2.01 g/t Au across 11.0m in the H2 Zone, and 1.44 g/t Au across 31.0m in the H3 Zone, HLD044 contains 0.78 g/t Au across 209.0m at the Central Zone target area beginning at 51.0m downhole and includes 1.14 g/t Au across 40.0m beginning at 172.0m downhole, HLD050 contains 0.72 g/t Au across 217.0m beginning at 44.0m downhole and includes 1.05 g/t Au across 61.0m beginning at 44.0m downhole HLD052 contains 1.09 g/t Au across 177.0m beginning at 9.0m downhole including 5.10 g/t Au across 17.0m beginning at 75.0m downhole.

Premier is currently concluding the winter phase of drilling at each of the three primary target areas and anticipates a short break in May prior to undertaking the final phase of the program which is expected to include an aggregate 50,000 metres of drilling during 2016.

Premier's shares were last up 2.5% at $3.11 apiece.

Price: 3.11, Change: +0.08, Percent Change: +2.48