Premier is currently earning a 100% interest in the Rye Property under option from Barrick Gold. The Company also holds an option with Kinross Gold to earn up to a 50% interest in the adjoining Goldbanks Property.
The Rye-Goldbanks district hosts a low-sulfidation epithermal system hosted 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-Goldbanks properties are 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.
Reserves & Resources
- Amended Geological Report for the Goldbanks Property, Pershing County, Nevada (April 20, 2010)Download
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