Shares Issued: 153,748,463
THUNDER BAY, ON, Aug. 25, 2014 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG) is very pleased to confirm that it has filed a technical report ("Report") prepared for the Hardrock Project in accordance with Canadian Securities Administrators' National Instrument 43-101. The Report may be found on the Company website or under the Company's profile at www.sedar.com.
Highlights of the 2014 Hardrock mineral resource estimate include:
- Overall Indicated resources of 4.87 million (M) ounces, an increase of 1.63M ounces or 50%.
- Overall Inferred resources of 2.74M ounces, a decrease of 1.04M ounces or 27%.
- O/P Indicated resources of 3.97M ounces, an increase of 1.62M ounces or 69% with coincident increases in resource grades.
- New estimate utilizes identical grade capping, COG's and gold price (in Canadian dollar terms) versus previous estimate as well as 86,500 metres of additional infill drilling for a total of 621,000 metres.
The independent report, dated August 22, 2014 (effective date July 4, 2014), entitled "Technical Report and Mineral Resource Estimate Update for the Hardrock Project" provides detail to the disclosure contained in the Company's news release issued on July 8, 2014.
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 companies with a high-quality pipeline of projects focused in proven, safe and accessible mining jurisdictions in Canada and the United States that includes world class gold mining districts such as Red Lake and Geraldton in Ontario and the Eureka-Battle Mountain Trend in Nevada.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
SOURCE: Premier Gold Mines Limited
For further information: Ewan Downie, President & CEO, Phone: 807-346-1390, Fax: 807-346-0100, e-mail: Info@premiergoldmines.com, Web Site: www.premiergoldmines.com