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Premier confirms filing of Trans-Canada Property NI43-101 Technical Report


Premier confirms filing of Trans-Canada Property NI43-101 Technical Report

Shares Issued: 149,072,712

THUNDER BAY, ON, Feb. 4, 2013 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG) is pleased to announce that it has filed a technical report ("Report") for the recently completed mineral resource estimates (press release dated December 19, 2012) on four gold deposits located on the Company's 100%-owned Trans-Canada Property including the Hardrock, Brookbank, Kailey and Key Lake Deposits.  This Report has been prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 and may be found on the Company website or under the Company's profile at www.sedar.com.

Highlights of the 2012 resource estimates summarized in Table 1 include:


    --  Measured and Indicated resources of 4.12M ounces of gold
    --  Inferred resources of 3.65M ounces of gold
    --  Multiple deposits remain open for expansion and are the subject
        of ongoing drilling
    --  New gold zones have recently been discovered, offering further
        upside

The independent Report, dated January 30, 2013, entitled "Technical Report on 
the Mineral Resource Estimates for the Hardrock, Brookbank and Key Lake 
Projects" was issued by Micon International Limited. The Report provides 
detail to the disclosure contained in the Company's news release issued on 
December 19, 2012.

Table 1   Trans-Canada Property Resources Summary

 ___________________________________________________________________
|         |   Cut-off |   Resource   |Tonnes |Gold (Au)  |Au Ounces |
| Deposit |  Category |    Category  | (Mt)  |Grade (g/t)| (000's)  |
|_________|___________|______________|_______|___________|__________|
|         |  Open Pit | Measured (M) | 12.737|       1.41|       576|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |  33.92|       1.55|     1,685|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I| 46.657|       1.51|     2,261|
|_________|___________|______________|_______|___________|__________|
|Hardrock |           |    Inferred  |  6.615|       1.74|       370|
|_________|___________|______________|_______|___________|__________|
|         |Underground| Measured (M) |  0.315|       5.84|        60|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |   4.73|       5.42|       829|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I|  5.045|       5.48|       889|
|_________|___________|______________|_______|___________|__________|
|         |           |    Inferred  | 16.009|       5.91|     3,040|
|_________|___________|______________|_______|___________|__________|
|         |  Open Pit | Measured (M) |      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |  2.638|       2.01|       171|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I|  2.638|       2.02|       171|
|_________|___________|______________|_______|___________|__________|
|Brookbank|           |    Inferred  |  0.171|       2.38|        13|
|_________|___________|______________|_______|___________|__________|
|         |Underground| Measured (M) |      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |  1.851|       7.21|       429|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I|  1.851|       7.21|       429|
|_________|___________|______________|_______|___________|__________|
|         |           |    Inferred  |  0.403|       4.02|        53|
|_________|___________|______________|_______|___________|__________|
|         |  Open Pit | Measured (M) |  4.052|       1.06|       139|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |  4.578|       0.86|       126|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I|  8.630|       0.95|       265|
|_________|___________|______________|_______|___________|__________|
|  Kailey |           |    Inferred  |  3.688|       0.97|       115|
|_________|___________|______________|_______|___________|__________|
|         |Underground| Measured (M) |      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I|      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |           |    Inferred  |      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |  Open Pit | Measured (M) |      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |  2.572|       1.17|        97|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I|  2.572|       1.17|        97|
|_________|___________|______________|_______|___________|__________|
|Key Lake |           |    Inferred  |  1.345|       1.29|        56|
|_________|___________|______________|_______|___________|__________|
|         |Underground| Measured (M) |      0|           |         0|
|_________|___________|______________|_______|___________|__________|
|         |           |Indicated (I) |  0.031|       6.48|         6|
|_________|___________|______________|_______|___________|__________|
|         |           |Subtotal M & I|  0.031|       6.48|         6|
|_________|___________|______________|_______|___________|__________|
|         |           |    Inferred  |  0.058|       3.57|         7|
|_________|___________|______________|_______|___________|__________|
|         |  Open Pit |  Total M & I | 60.497|       1.44|     2,794|
|_________|___________|______________|_______|___________|__________|
|Combined |           |Total Inferred| 11.819|       1.46|       554|
|_________|___________|______________|_______|___________|__________|
|Deposits |Underground|  Total M & I |  6.927|       5.94|     1,324|
|_________|___________|______________|_______|___________|__________|
|         |           |Total Inferred|  16.47|       5.85|     3,100|
|_________|___________|______________|_______|___________|__________|

The Hardrock Project, which includes both the Hardrock and Kailey Deposits, is 
located 3 kilometres south of the town of Geraldton on the Trans-Canada 
Highway.  The project, which resides on patented claims, is permitted for 
dewatering and advanced exploration and benefits from substantial 
infrastructure including highways and roads, and power.  During 2013, the 
Company has planned a continued drill campaign and is working on preliminary 
mine modeling concepts for the Brookbank and Hardrock deposits in advance of a 
planned PEA.

Premier continues to strengthen its operating team as it implements the 
Company's strategy of becoming a gold producer. In the past 12 months Premier 
has made several key management additions including Mr. Ebe Scherkus as 
Director and Chairman, Paul-Henri Girard as Senior Mining Advisor, Eric 
Lamontagne as Manager, Development Projects, and Claude Lemasson as Director. 
Premier is well-financed to advance its project portfolio with a treasury of 
cash and securities that exceeds $150 million.

Stephen McGibbon, P. Geo., is the Qualified Person for the information 
contained in this press release and is a Qualified Person within the meaning 
of National Instrument 43-101.

Premier Gold Mines Limited is one of North America's leading exploration and 
development companies with a high-quality pipeline of gold projects focused in 
proven, safe and accessible mining jurisdictions in Canada and the United 
States.  The Company's portfolio includes significant assets in world class 
gold mining districts such as Red Lake, Musselwhite and Geraldton in Ontario 
and the most prolific gold trends in Nevada.

The statements made in this Press Release may contain forward-looking 
statements that may involve a number of risks and uncertainties.  Actual 
events or results could differ materially from the Company's expectations and 
projections.

 

 

Ewan Downie, President & CEO               Phone: 
807-346-1390                      Fax: 807-346-0100 
e-mail: Info@premiergoldmines.com  Web Site: www.premiergoldmines.com

SOURCE: Premier Gold Mines Limited

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/04/c2778.html

CO: Premier Gold Mines Limited
ST: Ontario
NI: MNG FIELD 

-0- Feb/04/2013 14:59 GMT

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