Shares Issued: 149,072,712
THUNDER BAY, ON, Jan. 30, 2013 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that Eric Lamontagne has been retained as
Manager, Development Projects and will lead the advancement of the
Company's portfolio of projects. Eric brings to Premier over 14 years
of experience in mine development and production.
Mr. Lamontagne was most recently Project Manager for Agnico Eagle Mines
Limited and obtained his PhD in Mine Engineering from University of
Quebec and B.R.G.M in France. While at Agnico, Eric was Operations
Manager in developing the Meadowbank Mine and most recently, Project
Manager for the Méliadine Project. Prior to Agnico, Eric worked with
Inmet Mining where he occupied various positions rising to the role of
Engineering, Geology and Mining Superintendent. In his new position,
Eric will coordinate, evaluate and advance Premier Gold's projects with
the initial focus being the economic evaluation of the Trans-Canada
Project, culminating in a Preliminary Economic Assessment (PEA).
Premier continues to strengthen its operating team as it implements the
Company's strategy of becoming a gold producer. In the past 12 months,
Premier has made several key management additions including Mr. Ebe
Scherkus as Director and Chairman, Paul-Henri Girard as Senior Mining
Advisor, and Claude Lemasson as Director.
"Premier remains committed to building an industry-best team with
substantial mineral exploration and mine development experience as we
implement our strategy to convert from explorer to developer" stated
Ewan Downie, President and CEO of Premier. "Eric has a proven ability
to provide early development concepts for deposits, advance projects to
production, and manage mine operations. This experience will enhance
the Corporation's ability to transition its portfolio of advanced-stage
2013 will see more than $30 million spent on exploration and development
on three projects, the most aggressive budget in corporate history.
Continued drilling and preliminary mine modeling concepts for the
Brookbank and Hardrock deposits are being worked in advance of a
planned PEA. An aggressive expansion and delineation drill program is
planned to be completed at the Cove Gold Project in Nevada with an
initial mineral resource estimate expected in late 2013. In Red Lake an
accelerated underground drill program will be carried out from the tram
development that is currently being excavated through the
Rahill-Bonanza joint venture project.
Stephen McGibbon, P. Geo., is the Qualified Person for the information
contained in this press release and is a Qualified Person within the
meaning of National Instrument 43-101.
Premier Gold Mines Limited is one of North America's leading exploration and development companies
with a high-quality pipeline of gold projects focused in proven, safe
and accessible mining jurisdictions in Canada and the United States.
The Company is fully financed with approximately $150 million in cash
and investments, no debt and a portfolio of advanced-stage assets in
world class gold mining districts including Red Lake, Musselwhite and
Geraldton in Ontario and the most prolific gold trends in Nevada.
This Press Release contains certain information that may constitute
"forward-looking information" under applicable Canadian securities
legislation. Forward-looking information includes, but is not limited
to, statements about strategic plans, including future operations,
future work programs, capital expenditures, discovery and production of
minerals, price of gold and currency exchange rates, timing of
geological reports and corporate and technical objectives.
Forward-looking information is necessarily based upon a number of
assumptions that, while considered reasonable, are subject to known and
unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those
expressed or implied by such forward-looking information, including the
risks inherent to the mining industry, adverse economic and market
developments and the risks identified in Premier Gold's annual
information form under the heading "Risk Factors". There can be no
assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. All forward-looking
information contained in this press release is given as of the date
hereof and is based upon the opinions and estimates of management and
information available to management as at the date hereof. Premier Gold
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE: Premier Gold Mines Limited
For further information:
Ewan Downie, President & CEO
Web Site: www.premiergoldmines.com