by Chad Peters
This is my first opportunity to comment on the C-Suite Blog. Hopefully with ongoing exploration success at McCoy-Cove, it won’t be my last.
McCoy-Cove has continuously evolved since Premier’s acquisition in 2012. What began as a Carlin-type exploration play at the Helen Zone has emerged as an advanced exploration project with multiple open-pit and underground opportunities. Testing both new and previously underexplored targets on the property has consolidated our geologic model and produced multiple high grade discoveries beneath the historic McCoy and Cove open pits. This confirms Premier’s belief that significant exploration potential still exists and that the McCoy and Cove deposits are best explored as one genetically-linked mineralized system.
Intercepts from the 2015 drilling program highlight the potential size of the McCoy-Cove system and demonstrate our confidence to expand high grade gold and silver mineralization within the UPC, Deep IP and McCoy Thrust target horizons. Drilling successfully confirmed in-situ mineralization at McCoy and is highlighted by two high grade skarn and polymetallic discoveries of 4.3m of 12.81 g/t Au and 25.56 g/t Ag and 2.8 m of 14.35 g/t Au and 7.17 g/t Ag within the McCoy Thrust and Deep IP targets. Activities in the first quarter of 2016 will focus on collecting additional drill and metallurgical data to complement the ongoing assessment of potential reprocessing opportunities that exist at the site. Planned 2016 drilling will focus on infill and expansion of multiple high grade targets with a property-wide resource update planned for year-end. Additional “boots on the ground”, prospecting, field mapping and target generation utilizing our updated geologic model is expected to provide new exploration targets in the coming months.