Premier Begins gold Exploration

Premier Gold announces the commencement of the 2020 exploration drill program at the Company’s 100%-owned McCoy-Cove Project located along the Battle Mountain Trend in Nevada. Exploration will focus on high-priority targets located in close proximity to the Cove deposit.

 

“With grades in excess of 11.0 g/t Au, the Cove deposit is one of the highest-grade undeveloped gold deposits in the United States with resources over 1 million ounces”, stated Ewan Downie, President and CEO of Premier. “We see the potential for further discoveries on the large land package that has seen historic production of more than 3.3 million ounces of gold and 100 million ounces of silver”.

 

Exploration on the grounds surrounding the main deposit completed in 2019 resulted in the discovery of several new structures that have yet to be drill-tested. One primary target is “Davenport”, a 4 km2 magnetic anomaly that may host a gold-skarn system, similar to the historic McCoy Mine to the south and the Fortitude Mine to the north.

 

A second priority target is “Antenna” located to the south of the Cove deposit where 2019 drilling intersected high-grade mineralization.  Additional drilling to the east and west of the Cove pit will test for the structural extension of the Cove Anticline that hosts the Cove deposit. All targets have the potential to complement the high-grade gold resource at Cove.

 

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