Mercedes Mine 2Q report announced
Premier Gold Mines Limited announced its second quarter production results for 2019. Focussing on Mercedes Mine, Mexico 2Q says a total of 15,532 ounces of gold and 56,522 ounces of silver were produced from Mercedes during the second quarter of 2019 with mine production year to date coming predominantly from the Diluvio, Rey de Oro and Lupita zones.
Production from Mercedes during 2019 is weighted heavily toward the second half with output from Diluvio planned to account for approximately 52% of ounces produced. Given the importance of effectively executing the current mine plan, and to ensure continued success, delineation drilling is being increased and senior technical resources have been added to support the onsite geological team. Mining will also look to draw more heavily from the Rey de Oro and Lupita zones where grades are currently anywhere from 30% to 60% higher.
“Our recent progression into the lower grade Diluvio zone demands a very focused mining approach in order to realize Mercedes full potential,” stated John Begeman, Executive Chairman of Premier. “We will continue to adjust to the challenges associated with lower grade ores while we exploit opportunities elsewhere in the mine. We have many positive developments elsewhere in the Company that will contribute to our success this year.”
Result at South Arturo Mine, Nevada shows processing of stockpiled material in the first gold recovered in 2019. A total of 917 ounces of gold from stockpile were delivered during the quarter.
