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Thoughts from Charlie Ronkos...


by Charlie Ronkos

charlie-ronkos

Having spent many years working with Premier as a joint venture partner, I’ve always enjoyed watching this management team creatively navigate and grow their business in seemingly any market environment. It is uncommon for a junior exploration company to find and grow one economic deposit and rarely do they make the transition into a producing entity. The team here as done both. It will be an exciting opportunity to work with a new growth oriented company with a high quality exploration pipeline like Premier.

I am eager to contribute the knowledge and experience I have gained in my career to help Premier continue this growth trajectory as it transforms into a producer. In particular, my previous experience in project development in Mexico and South America will aid in the smooth transition of the Mercedes Mine and help grow our presence in the area. I look forward to the closing of this deal and focusing on finding the future ounces of the project.



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Thoughts from Ewan Downie...


by Ewan Downie

ewan-downie

South Arturo is the first producing asset in Premier’s portfolio. It is gratifying to think how Premier has evolved since its inception as single asset exploration company with a joint venture in Red Lake, to having a pipeline of projects in various stages of exploration and development and now production. This growth is a testament to this Company’s management and employees’ dedication and hard work to execute a simple strategy and vision.

During the due diligence of South Arturo in the winter of 2015, we were impressed by the professionalism of the team at the Goldstrike operation and felt that this project would be a technically de-risked opportunity for Premier to transition into a gold producer. Fast forwarding to today, we are extremely pleased with Barrick’s ability to deliver this project on schedule and budget. Their performance to-date confirms their world-class miner status.

This initial phase of mining is expected to contribute 155,000 ounces of gold to Premier’s account over the later portion of 2016 and 2017. The management team is headi… Read More...

Thoughts from Ewan Downie...


by Ewan Downie

ewan-downie

Today Premier has announced the acquisition of the Mercedes Mine, in the State of Sonora, Mexico, from Yamana Gold. The acquisition of the Mercedes Mine is a compelling and transformative transaction. Our corporate development team has been conducting due diligence on a number of opportunities over the last 18 months. We have been very disciplined in our approach and review of each opportunity.

We regard the acquisition of Mercedes, our first 100%-owned operating mine, as an important bridge between current gold production at South Arturo in Nevada and potential future production from our Hardrock asset in Northern Ontario. It establishes Premier as a diversified gold producer with an attractive production growth profile and significant exploration prospects within world-class and mine-friendly jurisdictions. It is an appropriate and exciting “next step” in our transformation.

We are attracted not only by the exploration potential that exists on the property that exceeds 60,000 hectares in size and by the impressive transformation the operation has undergon… Read More...

Thoughts from Chad Peters...


by Chad Peters

chad-peters

Core Photo of PG16-06

This morning we released some pretty exciting drill intercepts from the ongoing drill program targeting the CSD Gap horizon between the Helen and historic CSD underground deposits. 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. As a result we recently added a second core rig to expedite the CSD Gap program. It’s an exciting time at McCoy-Cove and we hope today’s results are just an indication of what’s to come over the summer season.

When I first began working at McCoy-Cove it was a big change from our Canadian projects such as Hardrock, where it was hard to miss the visible gold in core. Carlin-type deposits are a little more subtle and characterized by pervasive decalcification/decarbonatization of carbonate host rocks, resulting in the textures seen in the core photo of PG16-06 (http://www.premiergoldmines.com/our-pro… Read More...

Thoughts from Stephen McGibbon...


by Stephen McGibbon

stephen-mcgibbon

Our update on the Helen – CSD drill program released some pretty exciting drill intercepts today. The continued success from drilling in our current program demonstrates the potential to delineate significant high grade gold and silver mineralization at McCoy-Cove. We hope it is just an indication of what is to come over the summer season.Sometimes, however, the most exciting part of an exploration program is what goes on behind the scenes and McCoy-Cove is no exception.

When we purchased the McCoy portion of the property from Newmont Mining a few years ago, a considerable portion of the property dataset existed in paper form only. Our team (click here) has been working steadily on a detailed compilation to ensure the entire dataset is being migrated over to a digital mirror of the paper copy; we are about one month away from that job being complete and are already using the updated dataset to aid in 3D modeling and targeting activities.Management continues to view the McCoy-Cove Property as a cornerstone asset within the Company’s portfolio and is aggressively pursui… Read More...

Thoughts from Ewan Downie...


by Ewan Downie

ewan-downie

Sensible partnerships; they have been important to us. Today’s press release announcing Premier’s recently confirmed Senior Technical Advisors, Charlie Ronkos and Peter Mah, is really just an extension of that thinking.Together, Charlie and Peter have very complementary skill sets and Premier is fortunate that they have chosen to direct those skills in support of Premier’s vision for growth. We have had the pleasure of working with Peter and Charlie in previous roles and we look forward to their valuable contributions as we continue to grow Premier through successful exploration and acquisitions and working alongside our valued project partners.

Peter has extensive experience in Northwestern Ontario at Goldcorp’s Red Lake operations (previously the Campbell and Red Lake Mines) as well as at Musselwhite. He developed the successful application of underhand cut and fill mining in Red Lake and was Mine General Manager at the Victor diamond mine as well. He has a great story about a soft ice cream machine called “Nameplate” that played a role in Victor reaching i… Read More...

Thoughts from Ewan Downie...


by Ewan Downie

ewan-downie

Today’s South Arturo update comes on the heels of our second joint venture meeting with Barrick Gold in 2016.

The update from Barrick focussed on several items including confirmation that we are on track to begin ore production during Q3. Our production guidance of 80,000 ounces of gold in 2016 remains unchanged. During the quarter we did see that we were under budget in several areas, allowing the mining costs to be reduced to US$1.33 per ton, a more than 6% reduction versus the target cost established in the budget.

We are looking forward to the start of our Minex program in June, which will again focus on upgrading our confidence in the El Nino Project. The El Nino Project has the potential to extend the mining life of the Phase 2 open pit program by continuing with underground mining from the bottom of the phase 2 pit. There is much work to be done to confirm the veracity of this project, but it all starts with drilling and our confidence in the mineralization.

Additionally, Barrick is continuing to assess the potential for open pit mining at the Dee… Read More...

Thoughts from Stephen McGibbon...


by Stephen McGibbon

stephen-mcgibbon

Our winter drilling campaign at Hasaga was completed on May 1st. In all, some 25,000 metres of drilling was completed in 68 holes, including three wedges. We anticipate taking a one month hiatus from drilling at Hasaga, but that doesn’t mean our team won’t be busy. We are already relogging portions of some holes to ensure the continuity of geology and alteration logging. Additional resampling will be undertaken as well as our ongoing QAQC analysis.

The results reported today are more evidence of the widespread mineralization we are identifying at Hasaga. Our focus in today’s press release is on the Hasaga Porphyry target only. An upcoming press release, likely in May as well, will report final winter results on each of the target areas that we have been evaluating.

The highlight results coming from HMP103 are particularly encouraging to us as they represent the first results being reported from drilling onto the new “Buffalo” portion of the Hasaga project. The Buffalo trend we portray in Figure 1 of the release represents a conceptual extens… Read More...

Thoughts from Chad Peters...


by Chad Peters

chad-peters

Today’s press release highlights the beginning of Premier’s 2016 exploration program at McCoy-Cove. The primary focus for 2016 will be to confirm continuity between the Helen and CSD zones, both of which are Carlin-type Au-Ag deposits hosted within the Home Station and Favret carbonate rock units. Initial drilling will step to the NW of Premier’s high grade PG-01 intercepts located on the NW edge of the CSD zone, with 2014 highlights that included 28.05 g/t Au and 15.81 g/t Ag across 4.5m and 3.74 g/t Au and 718.72 g/t Ag across 5.0m. The 2016 budget of $6.0M CAD ($4.5M US) will consist of approximately 10,000m (or 32,800 ft.) of drilling, which will allow our team to continue stepping out to the NW to infill this highly prospective 365m gap between the CSD and Helen Zones to support a planned 2017 property wide resource update. This resource update, combined with a 2016 baseline metallurgy program will complement Premier’s ongoing scoping activities assessing the potential to pursue advanced exploration utilizing the permitted Cove-Helen underground plan of operat… Read More...

Thoughts from Ewan Downie...


by Ewan Downie

ewan-downie

Today’s press release is the first significant release of new drill results coming from our 2016 winter program. We have been focussing on our three targets areas at the Central Zone, Hasaga Porphry and North Gate with three active drills. During the first quarter we took advantage of our ideal winter drilling conditions to complete some 17,000 metres of drilling in 49 holes. We will continue drilling at the same pace until spring conditions dictate otherwise, prior to a drilling shutdown. We will use the short drilling break to update our internal mineral inventory and litho-structural models prior to reassessing where our priorities will focus during the summer season.

Each of our primary target areas has generated solid results during our winter campaign. We continue to see widespread mineralization at the Central Zone as evidenced by HLD052 (1.09 g/t Au across 177.0m) and HLD044 (0.78 g/t Au across 209.0m), however, there is not yet sufficient density of data to confidently project the geometry and continuity of any higher grade internal component. Some insight ca… Read More...

Thoughts from Matthew Gollat....


by Matthew Gollat

matthew-gollat

As we near the end of the coldest months of winter, I think nothing signals that spring is nearby better than the annual Prospectors and Developers Convention (PDAC). The excitement that surrounds these four days of learning of new discoveries and the next projects to be developed, overprinted with late nights speculating the next M&A transaction and the state of the financial markets for years to come is invigorating.

This year, Premier has the privilege of hosting a Core Shack and a Booth at the Investors Exchange, giving ample opportunity to discuss all catalysts that the Company has for the year to come.

Mining at South Arturo Phase 2 in 2016 marks Premier’s initial gold production after nearly 10 years exploring and developing its portfolio of assets. If you haven’t had a chance to speak with someone at the Company about this, you will find that their excitement is hard to conceal. Further work is being completed on evaluating Phases 1 and 3 as well as the underground opportunity under the Phase 2 pit.

At Trans-Canada, the Hardrock Feasibil… Read More...

Thoughts from Stephen McGibbon...


by Stephen McGibbon

stephen-mcgibbon

Today’s press release of remaining assays from our 2015 exploration program at Hasaga continue to support our original vision for this property. We have high expectations for our follow-up program at Hasaga this year and hope that it culminates in our reporting a maiden mineral resource estimate late in the year or early in 2017.

I think it’s instructive to take a moment to step back and look at the world from a wider perspective. Our sector continues to impacted by negative sentiment that began in late 2012. This sentiment has made raising risk capital difficult for many. It has also reduced the market capitalization of many very early to mid-stage exploration and development companies. One area where I believe Premier differentiates itself from many companies our size is the longer term view we have of our sector and the patience we exercise as a result. We have a diversified basket of exploration and development assets that has been accumulated over time, in markets such as this.

Right now we are benefitting from a strong gold price (in Canadian dollar … Read More...

Thoughts from Chad Peters...


by Chad Peters

chad-peters

This is my first opportunity to comment on the C-Suite Blog. Hopefully with ongoing exploration success at McCoy-Cove, it won’t be my last.

McCoy-Cove has continuously evolved since Premier’s acquisition in 2012. What began as a Carlin-type exploration play at the Helen Zone has emerged as an advanced exploration project with multiple open-pit and underground opportunities. Testing both new and previously underexplored targets on the property has consolidated our geologic model and produced multiple high grade discoveries beneath the historic McCoy and Cove open pits. This confirms Premier’s belief that significant exploration potential still exists and that the McCoy and Cove deposits are best explored as one genetically-linked mineralized system.

Intercepts from the 2015 drilling program highlight the potential size of the McCoy-Cove system and demonstrate our confidence to expand high grade gold and silver mineralization within the UPC, Deep IP and McCoy Thrust target horizons. Drilling successfully confirmed in-situ mineralization at McCoy and is highligh… Read More...

Thoughts from John Begeman...


by John Begeman

john-begeman

This is the first opportunity I have taken to participate on our C-Suite Blog.

Today Premier released an update of highlight results from our various programs in 2015 and is also providing initial guidance with respect to activity and expectations in 2016. I find this time of year is always particularly exciting. After the usual short break that comes with the holiday season, this time of year always begins with a positive re-invigorated outlook.

We at Premier regard 2015 as a successful and transformational year that resulted in significant agreements, new partnerships, exploration success and value creation for all shareholders. This is an opportune time to recognize the significant contribution that has been made by our project teams and support personnel in Ontario and Nevada. I am proud of the efforts of the entire Premier team. So often, success comes as a result of the efforts of those whose work behind the scenes may not be obvious to many. We value the commitment our teams and their families have made, and appreciate the support we get from the communi… Read More...

Thoughts from Stephen McGibbon…..


by Stephen McGibbon

stephen-mcgibbon

Our first press release on Rahill-Bonanza, which announced the creation of the joint venture, occurred on December 4, 2006. At that time, the unshakeable wisdom of the rumour mill held that a quick profit could be made by savvy investors anticipating the likelihood of a certain corporate transaction involving Premier and this coveted joint venture. From management’s standpoint, we have always viewed Rahill-Bonanza as a unique opportunity to participate in the next transformative high grade discovery in the Red Lake District. We have always understood that a potential discovery would likely require patience and persistence. The High Grade Zone discovery was made 50 years after production first began at the original Dickenson Mine in 1945. While we have no desire to wait 50 years for a future discovery, we continue to be rewarded with our patience at the Rahill-Bonanza Joint Venture.

Today, we provided an update of recent 2015 drill results that included one d… Read More...

Thoughts from Stephen McGibbon…..


by Stephen McGibbon

stephen-mcgibbon

December 7, 2015 by Stephen McGibbon

Today we have released a significant update on the Hasaga Porphyry target portion of our exploration program at Hasaga. We are getting very quick turnaround on our samples, resulting in a lot of newsworthy assays. We have accomplished a lot in a relatively short period of time in 2015 and are generating solid results.

Its cannot be overstated that we are still at a very early stage at Hasaga, despite the more than 60,000 metres of drilling that will be completed by the end of the year. The intercept composites that are summarized in Table 1 of the press release are highlighting higher grade intervals within overall horizons of mineralized material that often exceed 100 metres in core length.

We are developing a very preliminary block model of a “mineral inventory” which will help us understand the internal nature of this mineralization both at Hasaga and at the Central Zone. What is the likely orientation of these higher grade intervals? What kind of continuity are we seeing from section to section? What mechan… Read More...

Thoughts from Ewan Downie…..


by Ewan Downie

ewan-downie

As the end of November approaches, we realize just how quickly the year has passed. While our exploration programs are still very active in Ontario and Nevada, we have spent a considerable amount of time recently planning for 2016.

Our largest exploration program in 2015 has been conducted at Hasaga, where we will complete some 60,000 metres of drilling on the Central Zone, Hasaga Porphyry and other exploration targets. We anticipate winding our drilling down in mid-December and spend the final few weeks of the month integrating outstanding assays into our database. Before drilling begins in 2016, we will revise our litho-structural and block models, while also resetting our expectations for the coming year.

We have selectively taken advantage of opportunities to enhance our property portfolio in 2015, and in an earlier blog described why the original Hasaga transaction made sense to us. Today we have announced a property acquisition from Pure Gold Mining Inc. which increases the Hasaga Property by some 500-hectares to about 1200-hectares in size. This latest pr… Read More...

Thoughts from Ewan Downie…..


by Ewan Downie

ewan-downie

Recently, Premier personnel and our Board of Directors convened in Nevada to refresh our 5-year plan, discuss potential opportunities and to participate in our second South Arturo joint venture meeting. We also arranged a visit to the South Arturo Property for our Board (See Facebook for Photos) and piggy-backed onto it tours of Barrick’s Goldstrike roaster and newly-constructed TCM (Total Carbonaceous Material) processing facility.

The joint venture meeting provided information that continues to support our previous guidance (see July 28th, 2015 press release), but in addition, provided an update of drilling results from ongoing exploration programs. Exploration drilling at South Arturo is providing exceptional results in the underground target area immediately below the Phase 2 pit. This horizon is not part of current mineral resources, but is being evaluated as a potential multi-year underground extension following mining in the initial pit. The Carlin Trend is world-renowned for high-grade gold, and this drilling supports this potential on the JV property.

W… Read More...

Thoughts from Stephen McGibbon…..


by Stephen McGibbon

stephen-mcgibbon

There is always something particularly exciting about undertaking an initial exploration program on a property. At Hasaga, this is certainly the case. In the wake of the High Grade Zone discovery in the mid-1990s, the Red Lake Mining District has continued to generate excitement.One of our peer companies, Rubicon Minerals, is commissioning the newest mine in 2015 and Goldcorp is generating renewed excitement along the Mine Trend at HG Young.

At Premier, we have confidence that our commitment to aggressive exploration in Red Lake will continue that legacy. Our town hall meeting in Red Lake made it clear to us that many also feel the same way. Our initial approach to evaluate Hasaga is based on the simple premise that the property has lacked committed systematic exploration for nearly two generations, despite its production history and attractive geological framework.

Drilling to-date suggests persistent near surface gold mineralization is widespread at Hasaga.In the Central Zone, we have intersected characteristic alteration and mineralization in every hole dril… Read More...

Thoughts from Your Management


by Ewan Downie

ewan-downie

Welcome shareholders and potential shareholders to our redesigned and refreshed website. In communicating on the web, people around the world have migrated from using primarily desktop and laptop computers to now being increasingly mobile [device] dominated. Our website redesign has concentrated on both simplifying and enhancing the user experience from this perspective. In addition, we have improved your accessibility to us. This “C-Suite Blog” and our “Ideas and Prospects” sections complement our Twitter and Facebook feeds. We have reduced the density of text on the site in favour of richer graphics and more focussed communication. All the information you seek is very easy to find.

Early in 2015, Premier secured a financing path at Hardrock and bolstered our balance sheet with the agreement to Joint Venture the Trans-Canada Property with Centerra Gold Inc. At that time, we also secured another key asset in Red Lake (Hasaga) to explore in search of the next Hardrock, while also streamlining our overall pr… Read More...