Premier Gold Mines Limited

Red Lake is quite simply the high grade gold capital of the world and the #1 address in Canada for high grade gold discoveries. Since 1995, there have been five significant gold discoveries in the Red Lake area, four of which are high grade. Within Red Lake, more than 30 million ounces of gold have been discovered along the prestigious "Mine Trend."

Premier's Marquis Property in Red Lake is a 49% interest in the Rahill-Bonanza Project, a joint venture with Red Lake Gold Mines (RLGM), an affiliate of Goldcorp Inc. Some key aspects of the property include:

  • It occurs along the least explored portion of the prolific Mine Trend
  • It resides immediately west of Goldcorp's world class RLGM mining complex and east of Goldcorp's newest high grade deposit, the Bruce Channel Deposit.
  • It contains one recently discovered gold deposit and two historic deposits, each of which could host much sought after "high grade gold" at depth.
Goldcorp has begun construction of a high-speed tram to connect the Red Lake Gold Mines complex and the Cochenour (Bruce Channel) Mine complex to develop its new deposit. A portion of this tram has passed through the joint venture project, providing an excellent exploration platform. An initial drill program is underway. This tram will intersect several kilometres of some of the highest potential and untested geology along the main Red Lake "Mine Trend". The Red Lake Gold Mine is considered to be one of the world's richest gold mines with production of more than 18 million ounces of gold and nearly 10 million ounces of resources.

Premier believes the Rahill-Bonanza Project simply represents the "best positioned gold property anywhere", making Premier a compelling investment opportunity and significantly undervalued compared to other junior explorers in the district.

Premier has other property in Red Lake, the East Bay Project.

The East Bay Project is a 35% Premier and 65% RLGM joint venture located northeast of Rubicon's recently discovered "F2 Zone" at East Bay.


East Bay

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