by 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 drilled and the target horizon remains open for expansion. The Hasaga Porphyry drilling to the south also supports our model for open pit-style gold mineralization with local high-grade sections being noted.
This is the start we were hoping for. Within a few months of drills turning on the property, we have generated results that confirm a significant opportunity may exist. There is much work to do. By the end of 2015, the Hasaga program will have been our largest exploration program of the year.
We’re exploring a well-located property, with a history of production, in a world-class mining district.