Shares Issued: 92,527,679
THUNDER BAY, ON, April 14 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) announced today that Richard J. (Ritch) Hall has been appointed as non-executive Chairman, and a director, of the Company. Mr. Hall brings to Premier a successful history of both mine and company development and will assist the Company in achieving future goals and analyzing potential project acquisition opportunities.
Mr. Hall brings to Premier 35 years of mining exploration and development experience. Currently, he sits on the boards of several other mineral exploration and development companies including Grayd Resource Corporation. Until recently, Mr. Hall served as President and Chief Executive Officer of Metallica Resources Inc., where he was involved in all aspects of the company's development including the financing, construction and commissioning of the Cerro San Pedro gold-silver mine in Mexico. While at Metallica, the La Fortuna deposit was discovered in Chile (487 million tones at 0.56% Cu and 0.44 g/t Au) and was brought through to a final feasibility study in conjunction with Metallica's operating partner on the project, Xstrata Copper. In August 2008, Metallica was part of a $1.6 billion merger with Peak Gold Ltd. and New Gold Inc. Previous to his tenure at Metallica, Mr. Hall held senior management positions with Dayton Mining Corporation and Pegasus Gold Corporation. Mr. Hall holds a Bachelor and a Masters Degree in Geology and an MBA from Eastern Washington University.
Mr. Hall will replace John Cook as Chairman. John has served Premier, and its predecessor Wolfden Resources Inc., for more than a decade. Mr. Cook has been a mentor to several members of Premier's current executive team and has played a large part in the growth of both Wolfden and Premier. Mr. Cook will continue to consult for Premier on several of the Company's development initiatives.
Ewan Downie, Premier's President and CEO, said, "I am excited at the opportunity to work with Ritch and think that our vision of corporate growth is very similar. His experience in guiding an emerging resource company to producer status and to an ultimately successful conclusion for shareholders will be particularly beneficial for Premier at its present stage of development. I also want to thank John Cook for his invaluable service and am glad that he will continue to be associated with Premier."
Premier Gold Mines Limited is a well-financed Canadian-based mineral exploration and development company with several active projects and deposits in Northwestern Ontario. In the Red Lake gold mining camp, two are operated in joint venture with Red Lake Gold Mines, an affiliate of Goldcorp Inc. The Company also owns a strategic project located on the main Musselwhite Gold Mine trend as well as a 70% interest in the Hardrock Project, an advanced-stage gold project in the Beardmore-Geraldton greenstone belt.
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: 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