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Thursday, 8th January 2009 (1337 views)

Premier Gold Mines has announced that it is planning to spend a total of $15 million (£9.8 million) on exploration this year.

The company has unveiled its 2009 exploration plan in a news conference and claimed that it intends to continue to define its advanced gold prospects in north-west Ontario.

Premier Gold exploration plans for 2009 include major drilling programmes at the Hardrock, Rahill-Bonanza and PQ-North properties in north-western Ontario and resource definition drilling at its Hardrock and Red Lake gold projects.

Ewan Downie, Premier Gold president and chief executive, revealed that more than 50,000m of drilling are planned at the Hardrock joint venture project with Roxmark Mines in early January.

A delineation drill programme will be conducted at the Rahill-Bonanza joint venture project with Red Lake Gold Mining in the prolific Red Lake district and a letter of intent has been signed with the North Caribou Lake First Nation to commence a major exploration programme on the PQ North property.

Canadian-based mineral exploration company Premier Gold is well financed and focused primarily on discovering and developing gold deposits, particularly in Red Lake, Ontario.

 

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