by Ewan Downie
Today we have announced agreements with both Goldcorp Inc. and Kinross Gold Corporation that add two new exploration projects to the Premier portfolio. These prospective high grade opportunities will further bolster Premier’s pipeline of exciting projects and both agreements adhere to our strategy of gaining access to projects with the potential of high-margin production and minimal upfront risk and costs.
The Goldbanks Property represents an opportunity for Premier to earn a 50% interest in a project that has many similarities to both the Sleeper Mine and the Midas Mine in Northern Nevada. We regard Goldbanks as potentially hosting a significant low sulphidation epithermal gold deposit and are working very hard to make the next big discovery. All of the ingredients are in place and we are very excited to have been Kinross’s partner of choice to advance the project to the next level.
At Alto Cristina, drilling will be underway before the end of the month. Like many properties held within the portfolio of senior gold producers, Goldcorp has seen very good potential at Alto Cristina, but is today more focussed on brownfields exploration closer to existing operations. Because of the shallow location of the mineralization and the favourable permitting process in Mexico, we believe that a successful exploration campaign at Alto Cristina could potentially move the project along the development pipeline very quickly. We are starting with one drill to test well defined initial targets.
We consider these targets to be some of the most attractive that the Company has identified over the past several years.
I look forward to releasing results from both these projects in the future. As of today, our website is not updated with new profiles for Goldbanks and Alto Cristina. We hope to have the website refreshed in late October or early November.
Check back with us soon.