Premier expands high-grade gold mineralization at Cove Gold Project, Nevada 34.52 g/t Au across 3.99 m

Premier expands high-grade gold mineralization at Cove Gold Project, Nevada 
34.52 g/t Au across 3.99 m 
Shares Issued: 149,027,712 
THUNDER BAY, ON, April 2, 2013 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) 
("Premier") is pleased to announce additional assay results from the Helen 
Zone on the Company's Cove Gold Project, located in the Eureka-Battle Mountain 
Trend in Nevada. These results continue to expand mineralization with strong 
grades and widths within the Helen Zone. 
The Helen Zone deposit represents a prospective, high-grade, Carlin-style, 
gold deposit and is the focus of an ongoing drill program to extend 
mineralization within both the Upper and Lower Helen Zone horizons. Drilling 
has now expanded well beyond the 2011 resource envelope and indicates 
favourable horizons remain wide open for expansion. Highlighted intervals from 
the most recent drill holes include: 


    --  34.52 grams per tonne gold (g/t Au) across 3.99 m (1.01 ounces
        per ton gold (oz/t Au) across 13.1 feet) in the Lower Helen
        Zone and 8.73 g/t Au across 3.05 m (0.26 oz/t Au across 10.0
        feet) within the Upper Helen Zone from hole AX-22.
    --  Drilling has extended high-grade mineralization in the Helen
        target horizon by approximately 213 m (700 feet) southeast of
        the previously tested Helen deposit.  Mineralization is open in
        multiple directions.
    --  6.72 g/t Au across 4.57 m (0.20 oz/t Au across 15 feet) in hole
        AX-21 and 4.53 g/t Au across 1.74 m (0.13 oz/t Au across 5.7
        feet) in hole AX-23. These holes tested the Gold Dome Fault
        Zone, an exploration target, located approximately 150 m (500
        feet) southeast of the main deposit area, and includes a high
        concentration of realgar in hole AX-23.

Nevada is one of the world's most favourable jurisdictions for mine 
development and the Cove Gold Project offers substantial upside in the 
existing resource areas in addition to opportunities for the discovery of new 
high-grade gold deposits within the district. The Cove deposit was mined 
(primarily by open pit) between 1986 and 2001, a period of comparatively low 
metal prices, producing approximately 2.6 million ounces of gold, and more 
than 100 million ounces of silver. The Cove Gold Project is held under lease 
from Newmont Mining Corporation. Newmont has the option at any time to earn 
back 51% by paying 250% of all exploration expenditures on the project since 
March of 2006. If Premier submits a positive feasibility study containing 
500,000 ounces gold or greater, Newmont has a window of 90 days in order to 
confirm its participation.

Premier's management team believes that the Cove Gold Project represents one 
of the most under-explored projects in Nevada. It is located in the 
Eureka-Battle Mountain Trend that is host to numerous multi-million ounce 
producing and past-producing mines. The property is located in close proximity 
to excellent infrastructure (including paved roads & power) and work has 
progressed such that permitting for an expanded surface drill campaign can be 
undertaken and underground access can be advanced.

Table 1 provides a summary of resent results at Cove and Image 1 provides a 
surface plan view of drilling into the Lower Helen Zone. All targets 
currently being drilled include both infill and step-out holes designed to 
expand the mineralized zones. It is encouraging to observe realgar in the Gold 
Dome Fault Zone since it was an important mineral associated with high-grade 
mineralization mined in the historic Cove underground operations. To-date, 
step-out drilling has expanded mineralization by approximately 213 metres (700 
feet) to the southeast along strike from the Helen Zone towards the Cove 
pit. Drilling in 2013 has two primary objectives: infill delineation in 
order to complete a revised resource estimate that is expected to be released 
in H2 -2013 and step-out drilling to test the area between the Helen Zone and 
the Cove open pit. Reverse circulation drilling has commenced to also explore 
and extend the currently defined Helen Zone to the northwest. Holes AX-16 to 
AX-18 were previously released (see press release dated January 9, 2013).

Table 1 - Select assay results for Helen Zone drilling

 _______________________________________________________________________________________________________________
|Hole-ID|UTM Coordinates |Dip/Azimuth|From  |To (m)|Interval| Grade   |From  | To   |Interval| Grade  |   Zone  |
|       |      (m)       |           | (m)  |      |        |(g/tonne)| (ft) | (ft) |        |(oz/ton)|         |
|       | NAD 83 Zone 11 | (degrees) |      |      |  (m)   |         |      |      |  (ft)  |        |         |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-16* |4465785N/481839E|   - 75/85 |442.87|452.48|   9.60 |   3.63  |1453.0|1484.5|   31.5 |   0.11 |   Upper |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-16* |                |           |455.52|457.60|   2.07 |   3.26  |1494.5|1501.3|   6.8  |   0.10 |   Upper |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-16* |                |           |575.46|578.97|   3.51 |   33.43 |1888.0|1899.5|   11.5 |   0.98 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-16* |       including|           |576.53|578.97|   2.44 |   47.04 |1891.5|1899.5|   8.0  |   1.37 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-16* |                |           |694.03|699.52|   5.49 |   5.67  |2277.0|2295.0|   18.0 |   0.17 |   Dixie |
|       |                |           |      |      |        |         |      |      |        |        |  Valley |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-17* |4465563N/481906E|   - 60/41 |      |      |        |         |      |      |        |        |Abandoned|
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-18* |4465784N/481840E|   - 77/45 |376.89|381.46|   4.57 |   3.62  |1236.5|1251.5|   15.0 |   0.11 |   Upper |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-18* |                |           |548.18|646.63|  98.45 |   2.38  |1798.5|2121.5|  323.0 |   0.07 |   Both  |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-18* |       including|           |562.20|578.21|  16.01 |   9.16  |1844.5|1897.0|   52.5 |   0.27 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-18* |       including|           |562.20|563.27|   1.07 |   51.65 |1844.5|1848.0|   3.5  |   1.51 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-18* |       including|           |571.96|578.21|   6.25 |   14.15 |1876.5|1897.0|   20.5 |   0.41 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-18* |       including|           |635.81|643.43|   7.62 |   5.49  |2086.0|2111.0|   25.0 |   0.16 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-19  |4465563N/481906E|   - 65/41 |508.10|536.45|  28.35 |   1.91  |1667.0|1760.0|   93.0 |   0.06 |Gold Dome|
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-19  |       including|           |525.78|534.92|   9.14 |   2.85  |1725.0|1755.0|   30.0 |   0.08 |Gold Dome|
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-20  |4465784N/481840E|   - 55/45 |372.77|381.00|   8.23 |   1.78  |1223.0|1250.0|   27.0 |   0.05 |   Upper |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-20  |                |           |558.55|561.59|   3.05 |   1.80  |1832.5|1842.5|   10.0 |   0.05 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-21  |4465563N/481906E|   - 65/51 |447.45|449.88|   2.43 |   6.91  |1468.0|1476.0|   8.0  |   0.20 |Gold Dome|
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-21  |                |           |464.52|469.09|   4.57 |   6.72  |1524.0|1539.0|   15.0 |   0.20 |Gold Dome|
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-21  |       including|           |464.52|466.16|   1.65 |   15.97 |1524.0|1529.4|   5.4  |   0.47 |Gold Dome|
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-22  |4465723N/481734E|   - 70/47 |397.15|400.20|   3.05 |   8.73  |1303.0|1313.0|   10.0 |   0.26 |   Upper |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-22  |                |           |403.56|407.06|   3.51 |   6.05  |1324.0|1335.5|   11.5 |   0.18 |   Upper |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-22  |                |           |440.53|443.48|   2.95 |   3.69  |1445.3|1455.0|   9.7  |   0.11 |   Upper |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-22  |                |           |596.92|600.91|   3.99 |   34.52 |1958.4|1971.5|   13.1 |   1.01 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-22  |       including|           |599.54|600.91|   1.37 |   59.16 |1967.0|1971.5|   4.5  |   1.73 |   Lower |
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|
|AX-23  |4465563N/481906E|   - 75/51 |464.91|466.65|   1.74 |   4.53  |1525.3|1531.0|   5.7  |   0.13 |Gold Dome|
|_______|________________|___________|______|______|________|_________|______|______|________|________|_________|

- Gravimetric assays used when available  - true widths estimated at
approximately 80% - 95% of core intercept  - * denotes previously
unreleased drill hole

OTHER PROJECTS

Premier holds several projects that will be subject to major exploration 
programs in 2013. Recently, underground drilling has commenced from the 
haulage drift in Red Lake on the Rahill-Bonanza Project (PG 49% and Red Lake 
Gold Mines 51%). Several drills are active on the Company's 100%-owned 
Hardrock deposit, part of the Trans-Canada Project where a recently completed 
revised mineral resource estimate identified gold in multiple deposits, with 
an aggregate of 4.12 million ounces in the Measured and Indicated categories 
and 3.65 million ounces in the Inferred category.

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. Assay results for RC drill samples were sent to 
American Assay Laboratories located in Elko, Nevada prep facility and analysis 
was performed at their Sparks, Nevada analytical facility utilizing 30 gram 
fire assay with an AA finish. Core samples were analyzed by Inspectorate 
laboratory facility located in Sparks, Nevada and analysis was done using 30 
gram fire assay with AA finish and ICP-MS 30 element scan from 4-acid 
digestion. .

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

This Press Release contains certain information that may constitute 
"forward-looking information" under applicable Canadian securities 
legislation. Forward-looking information includes, but is not limited to, 
statements about strategic plans, including future operations, future work 
programs, capital expenditures, discovery and production of minerals, price of 
gold and currency exchange rates, timing of geological reports and corporate 
and technical objectives.. Forward-looking information is necessarily based 
upon a number of assumptions that, while considered reasonable, are subject to 
known and unknown risks, uncertainties, and other factors which may cause the 
actual results and future events to differ materially from those expressed or 
implied by such forward-looking information, including the risks inherent to 
the mining industry, adverse economic and market developments and the risks 
identified in Premier's annual information form under the heading "Risk 
Factors". There can be no assurance that such information will prove to be 
accurate, as actual results and future events could differ materially from 
those anticipated in such information. Accordingly, readers should not place 
undue reliance on forward-looking information. All forward-looking 
information contained in this press release is given as of the date hereof and 
is based upon the opinions and estimates of management and information 
available to management as at the date hereof. Premier disclaims any 
intention or obligation to update or revise any forward-looking information, 
whether as a result of new information, future events or otherwise, except as 
required by law.





Ewan Downie, President & CEO Phone: 
807-346-1390   Fax: 807-346-1381 
e-mail:Info@premiergoldmines.com Web Site:www.premiergoldmines.com

Image with caption: "Image 1 -Surface plan view of current drilling results in 
the Lower Helen Zone (CNW Group/Premier Gold Mines Limited)". Image available 
at:  
http://photos.newswire.ca/images/download/20130402_C9722_PHOTO_EN_25001.jpg

SOURCE: Premier Gold Mines Limited

To view this news release in HTML formatting, please use the following URL: 
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CO: Premier Gold Mines Limited
ST: Ontario
NI: MNG FIELD 

-0- Apr/02/2013 10:15 GMT