Thoughts from Stephen McGibbon...


by Stephen McGibbon

stephen-mcgibbon

Today Premier released initial assay results for hole HMP-151, which was planned to test intriguing historic drill results from the 1980’s and 1990’s that suggest that higher grade mineralization may exist across appreciable widths at depth along the Hasaga Zone trend. This initial drill result validates historic drilling on the property. Historic data made available to Premier at the time the property was acquired in 2015 suggested that the C-Zone target was not fully evaluated in the past.

Geologically, the fifty-four metre drill intercept is characterized by persistent silicification and the presence of fine visible gold in many of the fifty-four one-metre samples collected. In fact, there are some eighteen samples whose grade was in excess of 5.00 g/t Au gold. We will generate a lot of attention at Hasaga in 2017 should subsequent holes expand and add continuity to this discovery.

For those of you who will be at PDAC this year, please take the opportunity to come and view a portion of the core and to speak with our Hasaga team. Jim Rogers, our Project Manager, will walk you through our plan for 2017.

With the remaining time we have to drill during winter conditions, we will also be taking the opportunity to establish our exploration program at Laird Lake as well. This property, optioned from a private enterprise, Bounty Gold, is believed to be a detached portion of the Balmer – Confederation unconformity in the southwest corner of the Red Lake camp. Work conducted by Bounty, and the lack of drilling completed in the Balmer-aged rocks make this an exciting early-staged program……stay tuned.