Premier holds a 50% interest in the Greenstone Gold Property (formerly Trans-Canada Property) through its participation in Greenstone Gold Mines.
Between 1930 and 1970, more than 4.0 million ounces of gold was mined from multiple mines in the region with the Hardrock mines being the largest. Historic production was from underground mining methods.
The Greenstone Gold Property is blessed with ideal infrastructure that includes the Trans-Canada Highway (Canada's national highway) and the Trans-Canada natural gas pipeline extending along its length.
In Late 2016, A feasibility study was completed on the Hardrock open pit deposit. The current focus at Greenstone is to work through the permitting process, and foster relationships with local and aboriginal communities.
The Greenstone Gold Property is located within the Beardmore-Geraldton greenstone belt in Northwestern Ontario, approximately 275km northeast of Thunder Bay.
Located within the Beardmore-Geraldton Greenstone Belt, the southern part of the Wabigoon Sub-province of the Superior Structural Province. At Hardrock, the gold mineralization is typical of Archean epigenetic hydrothermal gold deposits. The gold is hosted within BIF, porphyry and clastic sedimentary rocks proximal to the regional ductile high-strain Bankfield – Tombill fault. At Brookbank, the 6.5-kilometre long Brookbank shear zone hosts the Brookbank, Cherbourg and Foxear deposits.
Reserves & Resources
Mineral reserve and mineral resource estimates have been completed on behalf of Premier Gold at the Hardrock, Brookbank, Key Lake and Kailey deposits.
Cautionary Notes to Investors - Reserve and Resource Estimates
In accordance with applicable Canadian securities regulatory requirements, all mineral reserve and mineral resource estimates of the Company disclosed on this website have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), classified in accordance with Canadian Institute of Mining Metallurgy and Petroleum's "CIM Standards on Mineral Resources and Reserves Definitions and Guidelines" (the "CIM Guidelines").
Pursuant to the CIM Guidelines, mineral resources have a higher degree of uncertainty than mineral Reserves as to their existence as well as their economic and legal feasibility. Inferred mineral resources, when compared with measured or indicated mineral resources, have the least certainty as to their existence, and it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration. Pursuant to NI 43-101, inferred mineral resources may not form the basis of any economic analysis, including any feasibility study. Accordingly, readers are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral Reserve, or is or will ever be economically or legally mineable or recovered.
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