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Last C$1.87 CAD
Change Today +0.06 / 3.31%
Volume 792.3K
As of 4:00 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

premier gold mines ltd (PG) Snapshot

Open
C$1.80
Previous Close
C$1.81
Day High
C$1.98
Day Low
C$1.77
52 Week High
07/28/14 - C$3.12
52 Week Low
12/16/14 - C$1.60
Market Cap
319.2M
Average Volume 10 Days
580.9K
EPS TTM
C$-0.07
Shares Outstanding
170.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PREMIER GOLD MINES LTD (PG)

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premier gold mines ltd (PG) Details

Premier Gold Mines Limited, a mineral exploration company, explores for and develops gold deposits in Canada, the United States, and Mexico. The company holds a 50% interest in the Trans-Canada Property, which includes the Hardrock Project, the Brookbank project, and the Key Lake project in Ontario; a 49% interest in the Rahill-Bonanza Project located in Red Lake Mining Division, Ontario; and a 100% interest in the Cove Project located in Lander County, Nevada. It also owns a 100% interest in the Cove-McCoy gold property comprising 31,000 acres located along the Eureka-Battle Mountain Trend in Nevada. Premier Gold Mines Limited was incorporated in 2006 and is headquartered in Thunder Bay, Canada.

47 Employees
Last Reported Date: 03/31/15
Founded in 2006

premier gold mines ltd (PG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$384.4K
Chief Financial Officer
Total Annual Compensation: C$220.0K
Executive Vice-President of Corporate & Proje...
Total Annual Compensation: C$210.0K
Compensation as of Fiscal Year 2014.

premier gold mines ltd (PG) Key Developments

Premier Announces the Addition of Ron Little to its Board of Directors

Premier Gold Mines Limited announced that Mr. Ron Little has agreed to join the company's Board of Directors. Mr. Little is currently President and CEO of Orezone Gold Corporation.

Premier Gold Mines Limited Provides Update of Drilling at Hasaga Project in the Red Lake Gold Mining District of Northwestern Ontario

Premier Gold Mines Limited provide an update of ongoing surface drilling at the Company's 100%-owned Hasaga Project in the Red Lake gold mining district of Northwestern Ontario. Hasaga is strategically-located proximal to the Balmer-Confederation unconformity, recognized as an important geologic feature at the multi-million ounce past and currently producing Red Lake area mines. Premier believes that the Hasaga and Gold Shore Mines, which ceased production in the early 1950's, have the potential to host both shallow mineralization (that may be amenable to open pit mining methods) and higher grade underground mineable mineralization. Current drill targets include the main porphyry rock unit that was mined at Hasaga and at the adjacent Howey Gold Mine (these mines produced in excess of 600,000 ounces of gold by underground mining methods) and the Central Target where widespread gold mineralization is known to occur in the Dome Stock granodiorite. Significant new intercepts and developments include: Drilling in the Hasaga porphyry has returned broad intercepts that include assays of 0.98 grams per tonne gold (g/t Au) across 126.0 metres (m) including 2.04 g/t Au across 49.0 m in hole HPM021, 1.17 g/t Au across 32.1 m in hole HPM017, and 2.78 g/t Au across 16.1 m in hole HPM005. Within the central portion of the Hasaga porphyry, apparent parallel quartz vein zones containing high-grade gold mineralization have been discovered including local visible gold. New intercepts in these high-grade veins include assays of 13.34 grams per tonne gold (g/t Au) across 5.7 metres (m) in hole HMP021, 16.44 g/t Au across 2.0 m in hole HMP020, and 17.37 g/t Au across 1.1 m in hole HMP017. Initial assays have been received from the initial 155 metres of core from the first hole drilled at the North Zone, confirming open pit style mineralization with an intercept of 0.68 g/t Au across 152.0 m from 3.0m to 155.0m including 1.11 g/t Au across 48.0 m from 107.0 m to 155.0 m. Additional assays are pending and will be provided in a future update. The Hasaga Project covers 677 hectares beside the town of Red Lake. The Property is located along a "Mine Trend" that was host to multiple historic mines including Hasaga, Howey and Madsen. The current Phase 1 drill program will include some 25,000 metres of drilling to test both the Hasaga porphyry and the North Zone target. The Central Zone Target is located where a series of conjugate structures occur within the Dome Stock, a large granodiorite rock unit in the heart of the Red Lake camp. A single hole drilled in this area in the 1980's by Lac Minerals reported wide spread mineralization however was not followed up. Early assays confirm this open pit target with the entire hole carrying gold mineralization with an impressive 0.68 g/t Au across 152.0 m and additional assay results remain pending. This first hole was drilled to a depth of 465.0 m and returned multiple mineralized intervals.

Premier Gold Mines Limited Provides Update of Ongoing Underground Drilling at Company's Rahill-Bonanza Joint Venture Project

Premier Gold Mines Limited provided an update of ongoing underground drilling at the Company's Rahill-Bonanza Joint Venture Project (44% PG) in the Red Lake gold mining district of Northwestern Ontario. Significant new intercepts and developments include: Drilling in the Fold Target continues to intersect favourable veining, alteration and mineralization (including arsenopyrite and visible gold) associated with a folded ultramafic rock unit. New intercepts include assays of 5.2 grams per tonne gold (g/t Au) across 7.6 metres (m) (or 0.15 oz/t across 25.0 feet) in hole D36997, 7.9 g/t Au across 4.4 m (0.23 oz/t across 14.6 feet) in hole D36999. Step-out drilling to the east of the primary area continues to demonstrate expansion potential with visible gold having been intersected (assays pending) in hole D361000 and multiple zones of arsenopyrite mineralization in hole D361001. In addition to the Fold Target, several other holes drilled from the tram intersected gold mineralization and will be followed up in the future. Surface drilling is planned to test the down-plunge extension of the Bonanza deposit that is host to a resource of more than 500,000 ounces of gold. Assay results are from core samples sent to either Accurassay Laboratories or AGAT Laboratories, both accredited mineral analysis laboratories in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.

 

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