Premier holds a 100% interest in the Hasaga Property, which is located just south of Rahill-Bonanza in the heart of the Red Lake gold mining district in Northwestern Ontario. This world-class jurisdiction has a deep mining history, is known for long-lived gold deposits and a series of recent high profile gold discoveries.
On January 11th, 2017 Premier tabled an initial mineral resource estimate (click here for press release) of 42.3Mt @0.83 g/t Au for 1,124,000 ozs Au in the Indicated category and 25.1Mt @ 0.78 g/t Au for 631,000 ozs Au Inferred. During 2017, Premier intends to focus on potential higher grade mineralization that would be amenable to underground mining methods. Hole HMP-151 (click here for press release) is an early success from our program.
The Hasaga Property is located proximal to extensive local and regional infrastructure that includes active gold mining operations. The Municipality of Red Lake is serviced by a regional paved highway, a regional airport and is an abundant source of diversely skilled labour.
The Property occurs proximal to a regional unconformity near the south margin of the Dome stock. It’s significant production history, lack of recent exploration, and occurrence along a major regional new structure all suggest the potential for new discoveries to be made.