Re: RMK and ONT
in response to
by
posted on
Oct 13, 2009 10:21AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Could be this ..
PREMIER EXPANDS HIGH-GRADE GOLD ZONES AT HARDROCK 12.5g/t GOLD ACROSS 6.7m
NEW OPEN PIT TARGET RETURNS 6.4g/t Au ACROSS 22.4m
PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that diamond drilling continues to delineate multiple high-grade gold zones at the Hardrock Project in Northwestern Ontario. Highlights include high-grade underground potential in the North Limb (NL) and High Grade North (HGN) zones located in close proximity to the EP (open pit) Zone, and open pit potential in the New North (NN) Zone:
•
Drilling at the NN Zone suggests the potential to expand the proposed EP Zone pit envelope west by as much as 300 metres; significant intercepts include results up to 6.42g/t Au across 22.4m.
•
Recent drilling has defined two gold-bearing zones proximal to, and north of, the EP Zone with grades up to 12.5 grams per tonne gold (g/t Au) across 6.7 metres (m) in the NL Zone and 1,141.5g/t Au across 2.0m in the HGN Zone.
•
Expansion drilling at the South Porphyry (SP) Zone continues to define high-grade mineralization with intersections up to 16.72g/t Au across 3.0m.
NN Zone
The NN Zone is located along strike from and within the same iron formation that hosts the North and West Zones at the historic mine. During production, the North Zone was mined to a depth of 610 metres (2,000 feet) resulting in the recovery of 2.97 million tons with a recovered grade of 0.22 oz/ton (7.54g/t Au), while mining at the West Zone reported 532,000 tons with a recovered grade of 0.23 oz/ton (7.85 g/t Au). Numerous intercepts into the NN Zone have now outlined a zone displaying consistent grades over a plunge length of approximately 400 metres. Recent near-surface holes suggest the potential for defining open-pit resources within the zone as demonstrated by new intersections up to 6.42g/t Au (0.24 oz/ton) across 22.4m at a depth of only 70m in the nearest-surface hole drilled to-date. Follow-up drilling continues to define strong near-surface mineralization including veining with visible gold. Table 1 summarizes new drill results from the NN Zone.
Table 1 New Sub Zone Intercepts within the NN Zone Target Area
Hole-ID
UTM Coordinates (m)
Dip/Azimuth (degrees)
From (m)
To (m)
Interval (m)
Grade (g/tonne)
Interval (ft)
Grade (oz/ton)
Zone
94.5
117.0
22.5
2.28
73.8
0.07
NN*
MM010
5502940 N 504124 E
-45/360
129.5
131.0
1.5
8.56
4.9
0.25
NN
MM034
5502909 N 504129 E
-45/360
172.5
179.9
7.4
1.69
24.3
0.05
NN
MM036
5502940 N 504150 E
-45/360 112.4
145.4
33.0
2.13
108.2
0.06
NN
MM038
5502940 N 504215 E
-45/360
83.0
97.5
14.5
2.19
47.6
0.06
NN
MM040
5502955 N 504250
-45/360
99.3
121.7
22.4
6.42
73.5
0.19
NN
* Previously