PREMIER GOLD MINES LIMITED (TSX:PG) (“Premier”, “the Company”) is pleased to announce that it will be hosting an Investor Day presentation at 4:30pm EST on June 23, 2016 following the Company’s Annual Shareholders Meeting.
The presentation will be held at the Toronto Board of Trade, 1 First Canadian Place, Toronto, Ontario and will also be hosted via webcast from the company’s website www.premiergoldmines.com.
The presentation will provide a comprehensive update including Company strategy and direction, and a full update on the Company’s five core projects.
- Construction update for the South Arturo Mine Project in Nevada, and a summary of upside opportunities
- Developments at the Trans-Canada Property, a feasibility stage project being advanced with partner Centerra Gold
- Exploration update for the 100% owned McCoy-Cove Property in Nevada including new drill results
- Underground drilling update for the Rahill-Bonanza joint venture Property in Red Lake
- Exploration plans for the remainder of the year at the 100% owned Hasaga Property in Red Lake
Premier remains one of the most active exploration and development companies in the mining space. With a treasury of approximately Cdn$45 million, expected to grow to more than Cdn$100 million by the end of 2016, Premier is ideally positioned to meet guidance and transition from explorer to gold producer.
“We are very excited by our 2016 exploration and development programs” stated Ewan Downie, President & CEO of Premier. “The milestone event in 2016 will be the first gold production in the Company’s history. When combined with our multiple active drill programs within our core project areas, this year will be a transformational one for Premier”.
Premier holds several projects that are subject to exploration and development programs in 2016. In Nevada, the South Arturo Project is being developed for Q3 2016 production and an extensive drill campaign is planned for the McCoy-Cove Property. At Trans-Canada, a Feasibility Study on the Hardrock Project is expected in 2016. Underground drilling, testing several target areas continues from the haulage drift on the Rahill-Bonanza Project (PG 44% and Red Lake Gold Mines 56%) while a 50,000 metre exploration drill program at the 100%-owned Hasaga Property is underway expected to result in an initial mineral resource estimate in H2 2016.
Premier Gold Mines Limited is one of North America’s leading exploration and development companies with a pipeline of high-quality gold projects in safe, accessible and proven mining jurisdictions of Canada and the United States. The Company is well-financed with approximately $46 million in cash and investments and expects to end the year with over $100 million.
This Press Release contains certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, including future operations, future work programs, capital expenditures, discovery and production of minerals, price of gold and currency exchange rates, timing of geological reports and corporate and technical objectives.. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks inherent to the mining industry, adverse economic and market developments and the risks identified in Premier’s annual information form under the heading “Risk Factors”. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Premier disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.