Premier-Roxmark - Additional drill added - Drill results include 2.01g/t Au across 101.0 metres

    Shares Issued: 68,747,742

pleased to announce that a third drill has been added to accelerate
exploration at the Geraldton Project in Northwestern Ontario. To-date gold has
been discovered in the first three targets tested as part of the ongoing
program. Drilling has now moved to test the primary two targets of the
program, while one drill continues to expand on mineralization identified in
the recently discovered zones.
    Discoveries so far include two broad parallel (open pit style) horizons
and high-grade veins located proximal to the historic Little Long Lac Gold
Mine. As previously released, results to-date from drilling in the recently
discovered Kailey Zone include 39.64g/t Au (1.16 oz/ton) across 2.0 metres
contained within a wider zone of mineralization which returned 5.87g/t Au
across 16.0 metres, and 2.01g/t Au across 101.0 metres. Two drills have been
moved to begin testing the two primary targets of the program.
    Despite the early successes of the program, the two primary targets
identified for testing during the current Phase I program, the "Mine
Repetition" and the Talmora Anticline Zone ("TAZ"), remain untested. The "Mine
Repetition" target represents the interpreted fault offset of the host horizon
of the historic Little Long Lac Gold Mine from which more than 600,000 ounces
of gold was produced during the period 1934-53 at an average grade of
11.66g/t Au. The first two holes have successfully intersected mineralized
vein zones in the intended target area (assays pending). The TAZ target is a
large untested fold structure similar to those that host the largest mines in
the district. A ground geophysical survey has identified several prospective
structural targets at TAZ, some with coincident gold-in-soil anomalies.
    Premier holds the option to acquire up to a 70% interest in the Geraldton
Project from Roxmark Mines Limited (TSX-V:RMK) by making cash and share
payments to Roxmark, and performing exploration on the Project. The current
Phase I drilling is part of an ongoing minimum $2.5 Million exploration
program aimed at confirming Premier's belief that numerous untested
prospective areas of the property could host gold mineralization. A systematic
drill program is being carried out at Little Long Lac in an effort to discover
new zones and to build gold resources in the Kailey, the No.9, No.10, and
No.11 Vein zones.
    The "Geraldton Project" is located in the heart of the
Beardmore-Geraldton greenstone belt, a highly prospective high-grade gold
district that has seen relatively little exploration over the past several
decades. The Project area covers approximately 10 kilometres of some of the
most prospective geology in the region and is host to three past-producing
mines and numerous exploration targets in a district that has seen historic
production of more than 4.1 Million ounces of gold. Several slides of the
Little Long Lac area can be viewed on the Premier Gold Mines Limited website,

    Other Projects - Red Lake & Santa Teresa
    In addition to the Geraldton Project, Premier holds several additional
highly prospective projects located in proven gold districts that are
currently being explored by diamond drilling. In Red Lake, drilling continues
at the Rahill-Bonanza Project, a joint venture with Red Lake Gold Mines
Limited, where several key target areas are being tested with a minimum of
four drills - Wilmar, Bonanza, and the deep mine target. Ongoing drilling at
the Santa Teresa Project in Mexico, a joint venture between Premier and Sutter
Gold Mining Inc. (TSX-V:SGM), has intersected numerous mineralized quartz vein
zones along strike the past-producing Princessa Gold Mine (Historical data
indicates that mined grades within the district average better than 1.00 ounce
gold per ton). Assays from the first several holes are expected to be released
in the near future.
    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. Core from Geraldton is sent to Accurassay
Laboratories, an accredited mineral analysis laboratory in Thunder Bay,
Ontario, for preparation and analysis utilizing both fire assay and screen
metallic methods.

    Premier Gold Mines Limited is a fully financed Canadian-based mineral
exploration and development company with several projects and deposits in
Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold
mining camp, two of these are operated in joint venture with Red Lake Gold
Mines. A strategic project is also located on the main Musselwhite Gold Mine

    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

    %SEDAR: 00024152E

For further information:

For further information: Ewan Downie, President & CEO, Phone: (807)
346-1390, Fax: (807) 346-0100, E-mail:, Web Site:

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890