by 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 extension of the Hasaga trend we have been delineating to date. The Hasaga Porphyry system appears to be wide open as it crosses onto the Buffalo ground. Our visual assessment of holes not yet assayed is also very encouraging. Targeting this potential extension will be an important part of our exploration campaign during the latter half of the year.
Kudos to our Red Lake team (click here) for a job well done!
On another note, Premier recently completed marketing in Europe. We are encouraged by the optimism investors have right now with respect to the price of gold and the value they see in the sector in general. As of the writing of this Blog, we briefly saw the price of gold breach the US$1300 an ounce level, something that hasn’t occurred since late January 2015.