by 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.
We continue to be impressed by the Barrick team working on South Arturo and at Goldstrike in general. They have given us every confidence that our investment is being operated by an “A-team” and clearly demonstrate why developing “Sensible Partnerships” is so important to Premier.
You can’t always rely on the price of gold or the positive momentum of the marketplace, but if your partnerships are solid and exploration results encouraging, the headwinds seem a little less persistent.
I slept well on the flight back from Nevada.