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August 30, 2016

Premier produces first gold from South Arturo mine in US

Premier Gold Mines has produced the first gold from its 40%-owned South Arturo mine in the Carlin Trend, Nevada, US.

Premier Gold Mines has produced the first gold from its 40%-owned South Arturo mine in the Carlin Trend, Nevada, US. 

The mine is a joint venture (JV) with Barrick Gold’s wholly owned subsidiary Barrick Gold Exploration.

Barrick is the mine operator and processes ore at its Goldstrike facility around 5km south.

As of the end of July, approximately 55 million tonnes of material has been mined at South Arturo this year.

Premier Gold Mines president and CEO Ewan Downie said: “It has been almost ten years to the day that Premier’s shares were listed for trading on the TSX Exchange and it is with great pride that we have celebrated this landmark event with the company’s first ever gold pour.

"Approximately 55 million tonnes of material has been mined at South Arturo this year."

“Successful mine development at South Arturo, the recently announced acquisition of the Mercedes Mine, and advancing our best-in-class portfolio of advanced-stage projects will ensure that we can continue to realise this vision.”

The JV will continue to assess additional opportunities for future development of the mine, including other potential open-pit and underground deposits.

Premier Gold plans to complete drilling from the Arturo pit in a bid to further define the El Nino underground deposit situated down plunge of the existing Phase 2 pit.

The company has a series of projects in Canada and the US that include gold mining districts such as Red Lake and Geraldton in Ontario and the Carlin and Eureka-Battle Mountain Trends in Nevada.


Image: Gold pour at South Arturo mine in Nevada. Photo: courtesy of Premier Gold Mines Limited.

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