In 2016, Premier secured an
option to earn a 50% interest in the Goldbanks Property from Kinross Gold
Corporation. The Goldbanks property is located on federal
land in Pershing County, Nevada, 50 kilometers south of the town of Winnemucca land.
Access to the property is year round via well-maintained county roads.
The Goldbanks district hosts a low-sulfidation
epithermal system with an alteration footprint in excess of 36 km2.
The presence of sinter and cinnabar-bearing opaline silica at surface indicates
nearly all of the epithermal system is preserved. Reinterpretation of the
geology of the district has led to a geologic model that suggests a high-grade
vein zone may be present at depth beneath shallow low-grade gold