Premier secures approvals to advance Trans-Canada project

25 October 2012 (Last Updated October 25th, 2012 18:30)

North American exploration company Premier Gold Mines has obtained an Environmental Compliance Approval (ECA) and a Permit to Take Water (PTTW) from the Ontario Ministry of the Environment (OME).

Premier, gold mining

North American exploration company Premier Gold Mines has obtained an Environmental Compliance Approval (ECA) and a Permit to Take Water (PTTW) from the Ontario Ministry of the Environment (OME).

These approvals enable Premier to de-water and begin advanced exploration at the hardrock deposit-hosting MacLeod-Mosher mine site and progress work at the Trans-Canada project.

Currently, the company is updating its resource estimates and is evaluating development options.

Premier president and CEO Ewan Downie said that the approvals allowed the company to convert Trans-Canada into a producing asset.

"Since Premier became involved in the Project, we have been successful in defining significant gold resources, including the discovery of new zones, from surface drilling.

"In order to fully understand the deposits, the next phase of work is expected to include delineation of these zones from underground," Downie added.

The Trans-Canada Project is surrounded by the Trans-Canada Highway, Trans-Canada Pipeline and major power lines, all of which are presently under development.

Premier executive vice president Stephen McGibbon noted, "Aside from being located in Canada, this outstanding infrastructure is expected to lessen risk associated with the potential future development of the multiple deposits that make up the Trans-Canada Project."


Image: Premier will soon begin development at the Trans-Canada project. Photo: Premier Gold Mines.