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Premier publishes Getchell resource ahead of acquisition

2nd September 2020

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

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Toronto-listed mining company Premier Gold Mines has announced a resource update for the Getchell project, in Nevada, which it is acquiring from Waterton Global Resource Management.

The project, located near Nevada Gold Mines’ Twin Creeks and Turquoise Ridge mines, has measured and indicated resources of 21.02-million tonnes, at 2.16 g/t for 1.47-million ounces.

The openpit measured and indicated resources are estimated at 1.28-million ounces (grade of 1.95 g/t) and the underground resources at 190 000 oz (grade of 10.49 g/t).

The inferred resources total 2.78-million tonnes, at 7.23 g/t for 646 000 oz.

“The grades of both the openpit and underground deposits rank amongst the highest in North America and our future focus will be to advance both to production,” said Premier president and CEO Ewan Downie.

He noted that, within the group’s Nevada division, the Getchell project will become its largest resource, in terms of contained gold resources.

“We are confident that it will quickly advance to potentially become our flagship Nevada project.”

On August 5, Premier announced that it is contemplating creating a SpinCo including all its Nevada assets. In the event the company elects to proceed with the Getchell property, it is expected to be included in the spin-out transaction.

Edited by Creamer Media Reporter

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