Premier is currently earning a 100% interest in the Rye Property under option from Barrick Gold.
The Rye property hosts a low-sulfidation epithermal system within an alteration footprint in excess of 36 km2. Current exploration is focused on the potential for high-grade vein mineralization proximal to previously delineated shallow low-grade gold mineralization.
The Rye property is located on federal land in Pershing County, Nevada, 50 kilometres south of the town of Winnemucca. Access to the property is year-round via well-maintained county roads.
Situated along the prolific Northern Nevada Rift (NNR) structural trend, exploration is focused on a Miocene low-sulfidation epithermal system. Mineralization includes large, low-grade siliceous gold mineralization with sporadic, high-grade gold mineralization associated with banded, epithermal, quartz veining, and siliceous hydrothermal breccia zones.