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Premier Gold Reports Positive Development Progress at Lupita Extension

Mining News - Published on Wed, 12 Feb 2020

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Premier Gold Mines Limited announced that the Company is progressing, ahead of schedule, development of the Lupita Extension underground development at the Company's 100%-owned Mercedes Mine, located in the State of Sonora in Mexico. The program has been designed to follow-up on the positive exploration and delineation results reported in 2019. Executive Vice-President Stephen McGibbon said"Our underground development program is confirming Lupita Extension as an important contributor to the future of Mercedes. We are now working to determine how best to bring this newest discovery to production."

Highlights from this development up to January 31, 2020 include:
Development extends 177 m west of the 2018 Lupita mineral resource and is expected to continue for a further 100 m
Includes 93 m of development along the mineralized vein with average width of 3.9 m of 4.90 g/t Au
Dilution from the last 93 m of development is estimated at 23%

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Posted By : Rabi Wangkhem on Wed, 12 Feb 2020
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