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Premier Gold Mines Ltd
Symbol PG
Shares Issued 159,137,353
Close 2015-04-27 C$ 2.41
Market Cap C$ 383,521,021
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Premier Gold starts drilling 25,000 m at Hasaga

2015-04-28 07:34 ET - News Release

Mr. Ewan Downie reports

PREMIER INITIATES HASAGA, RED LAKE EXPLORATION PROGRAM

Diamond drilling has begun on Premier Gold Mines Ltd.'s 100-per-cent-owned Hasaga property at Red Lake, Ont. Premier acquired the property in February, 2015, as part of a swap of property assets with Goldcorp Inc. as announced in February. Hasaga is strategically located proximal to the Balmer-Confederation unconformity, recognized as an important geologic feature at the multimillion-ounce past- and currently producing Red Lake area mines.

Premier believes that the Hasaga and Gold Shore mines, which ceased production in the early 1950s, have the potential to host shallow mineralization that may be amenable to open-pit mining methods in addition to higher-grade underground-style mineralization. The initial target in the program, being tested with about 25,000 metres of diamond drilling, will be the main porphyry rock unit that was mined at Hasaga and at the adjacent Howey gold mine. These mines produced in excess of 600,000 ounces of gold by underground mining methods.

The Hasaga Red Lake property is favourably located proximal to significant infrastructure, including nearby roads, power lines and gold mills.

"We're proud of our historic ties to the Red Lake area and believe the region has a bright future ahead of it," commented Ewan Downie, president and chief executive officer of Premier Gold Mines. "We believe that the Hasaga property has the potential to host significant gold resources and are excited to start our substantial drill program that is expected to provide regular exploration updates during 2015."

Stephen McGibbon, PGeo, is the qualified person for the information contained in this press release and is a qualified person within the meaning of National Instrument 43-101.

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