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 mineralization.