The Cove Property hosts one of the highest grade undeveloped gold deposits in Nevada. Cove was mined by Echo Bay Mines Ltd. (Echo Bay) between 1987 and 2003, with historic production of approximately 2.6 million ounces of gold and 100 million ounces of silver.
In 2018, the Company announced a Preliminary Economic Assessment (PEA) indicating strong economics for the Project. Premier expects to begin construction of a ramp to complete delineation drilling, bulk sampling followed by a Feasibility Study.
The Cove Property is located in the Battle Mountain trend in north Nevada approximately 20 kilometres south of Newmont’s Phoenix mine and 50 kilometres southwest of Battle Mountain.
Located west of the central part of the Battle Mountain-Eureka Trend. The Property including the Favret Formation (approximately 700 ft thick) is the principal Carlin-style ore host. Three types of mineralization occur within the Property including (a) Carlin-type at Cove in the Helen zone, CSD zone, and the Gap zone, (b) polymetallic sheeted vein in the deep 2201 zone and (c) skarn mineralization at the historic McCoy pit.
Reserves & Resources