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McCoy Cove produced 3.3 mn oz of gold

2016-02-24


Premier Gold Mines step-out drilling within the 400m Gap (CSD Gap) between the Helen Zone and historic Cove South Deep underground deposit continues to confirm the extension of high-grade mineralization across substantial widths at the Company’s 100%-owned McCoy-Cove Gold Project, located along the Battle Mountain-Eureka Trend in Nevada.

The focus of the ongoing 15K metre, 23-hole drill program is to test for continuity and expansion of the Carlin-style gold and silver system within the CSD Gap. “The impressive thickness and high-grade results demonstrated by initial infill drilling of the CSD Gap horizon highlight the potential to significantly add to the resources at McCoy-Cove” stated Chad Peters, Nevada Exploration Manager for Premier on the Company’s C-Suite Blog.

All permits are in place for an expanded surface drilling campaign as well as underground exploration access to the Helen deposit. The McCoy-Cove gold mines produced 3.3 million ounces of gold and 110 million ounces of silver between 1986 and 2003, a 17-year period of low to historically low gold and silver prices.

The mines are believed to have a close genetic relationship and association with the same feeder-fault structures; however the ores mined did occur in different rock units. The feeder structures between the mines have been subjected to only limited exploration in the past and represent a priority target for future exploration.