Premier Gold Mines: Hot Stock der Wall Street

In unserer Serie „Hot Stock der Wall Street“ steht diese Woche der Explorer Premier Gold Mines im Fokus. Tim Schäfer traf Vorstandsmitglied Stephen McGibbon im New Yorker Princeton Club. Im Princeton Club hatte sich das Unternehmen auf der „Triple Gold Investment Conference“ präsentiert.

Der Chef-Geologe schwärmte über die gute Aufstellung des Emporkömmlings: „Wir sind voll durchfinanziert. Wir haben 46 Millionen Dollar im Umlaufvermögen. Im laufenden Jahr wollen wir Bohrungen im Umfang von 100.000 Meter vornehmen. Das ist ein aggressives Bohrprogramm für einen Juniorexplorer wie wir es sind.“ Im Aufwind befinden sich der Kurs: Binnen Jahresfrist hat sich der Titel auf 3,42 Euro verdoppelt. Auf 435 Millionen Dollar summiert sich der Börsenwert.

Das ist freilich kein Pappenstil. Doch hat der Gold-Sucher in der Tat einiges zu bieten. Die Führungsspitze ist erfahren. Vorstandschef Ewan Downie leitete jahrelang die Geschicke von Wolfden Resources, der Explorer wurde im Jahr 2007 von Zinifex für 361 Millionen Dollar übernommen. Der Deal zahlte sich für die Wolfden-Aktionäre prächtig aus: Das Papier war seit dem Börsengang um 1500 Prozent in die Höhe geschossen. [...]

Darüber hinaus besitzt der kleine Explorer in der Red-Lake-Region zwei weitere Lagerstätten. Auch hier sind Goldcorp beziehungsweise Sabina-Silver als Partner mit von der Partie. Das sogenannte „Hardrock“-Vorhaben im Nordwesten Ontarios, das Downie vor zwei Jahren für drei Millionen Dollar zugekauft hat, erlebt ebenfalls eine Renaissance, seitdem sich der Preis des gelben Edelmetalls einen Rekordkurs nach dem nächsten erklimmt. Alles in allem bietet die Aktie, vor allem weil Goldcorp seine Finger im Spiel hat, ein schönes Überraschungspotential.

www.finanzen.net/nachricht/aktien/...Premier-Gold-Mines-829781

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/25/10 -- Sabina Gold&Silver Corp. (TSX: SBB) is pleased to announce that the first of a two phase drilling program has begun on its 50% owned Newman-Madsen property in the prolific Red Lake gold district of Ontario, Canada.

Newman-Madsen is one of the Company's early stage exploration projects in Ontario and is held in a 50/50 joint venture with Premier Gold Mines with Sabina as the operator.

"We are eager to try our exploration 'tool box' in one of the world's greatest mining camps," said Tony Walsh, President&CEO. "We are excited about this area as it is situated in proximity to a number of high grade gold deposits, including the Madsen Mine which historically produced 2.4 million ounces of gold. This project enables us to continue our exploration activities through the winter shut down at our Nunavut projects and offers opportunities for new discoveries outside of the Canadian Arctic."

Initial Newman-Madsen work has been organized into a two phase $1.09 million drilling program with 50% of the cost borne each by Sabina and Premier.

www.finanznachrichten.de/...remier-gold-mines-on-prosp-256.htm

Nov 5 (Reuters) - Premier Gold Mines Ltd: * Rbc raises Premier Gold Mines Ltd price target to C$7.75 from C$6.75; rating outperform

classic.cnbc.com/id/40025470

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/09/10 -- ASHBURTON VENTURES INC. (TSX VENTURE: ABR) (FRANKFURT: ARB) ("Ashburton" or the "Company") has signed a letter agreement with Premier Gold Mines Ltd. (PG-TSX) whereby Premier will participate in a private placement financing that will be completed by Ashburton. The majority of this financing will fund further exploration at Ashburton's Deep Creek gold property located near Elko, Nevada.

Ashburton has made several significant discoveries at Deep Creek including the Upper Vein that has been traced over a strike length of over 640 meters with surface sampling returning assays up to 1,180 g/t Au with width of up to over one meter widths in some areas. Additional undiscovered gold-bearing veins are also indicated by a float sample of vein material collected upslope of the Upper Vein, which assayed at 28.90 g/t gold. The Upper Vein area represents only 10% of the Deep Creek property, much of which has not been systematically explored since the early 1990's.

www.finanznachrichten.de/...acquire-stake-in-ashburton-256.htm

True heights are estimated at 100% of intersection lengths for flat-lying Saddle deposit.

Low coring productivities due to a number of factors, including small rig size, weather conditions and blocky ground, have slowed the early part of the drill program. The arrival of two larger diamond-drill rigs is expected to improve coring speed.  Hole SA001 deviated away from and did not reach the anticipated target location of the flat-lying Saddle deposit. Hole SA002 was drilled by Reverse-Circulation rig (RC) to 1500 feet and is waiting on larger core drill to continue the hole to target depth.  Hole SA004 to SA012 casings are being drilled by RC rigs and the core tails will be, or are in the process of being, completed with coring rigs.

Saddle forms a large portion of the Saddle/NW Tess Gold Deposit that is host to a high-grade historic (non-NI 43-101 compliant) mineral resource estimate. Two distinct styles of mineralization occur at Saddle; wider mineralized zones occurring at the Web-Devil's Gate contact (Contact mineralization), and higher grade mineralization where this horizon intersects the Rain Fault (up to approximately 1 oz/ton Au in historic drilling).  Contact mineralization was intersected in hole SA003. The Saddle Gold Deposit is one of several deposits discovered by Newmont Mining Corporation ("Newmont") during the 1990's to the northwest of, and down plunge from, its Rain Gold Mine ("Rain").  Saddle Deposit is not subject to any "NSR" royalty obligations. Rain was previously mined by open pit and underground methods, is host to the Tess Deposit and a portion of the Saddle Deposit, and has significant underground infrastructure (ramp) proximal to Saddle.

The Saddle acquisition provides Premier with a core land position within one of the most productive gold regions found anywhere in the world, the Carlin Trend. This is consistent with the Company's strategy to build a significant presence in proven, accessible and low-risk jurisdictions that offer opportunities for the discovery of high grade gold deposits. Based on geophysical work completed, Premier believes that there are numerous prospective, and untested, structures that have high potential to host gold mineralization.

In addition to Saddle, Premier holds a 1.5% production royalty in Rain and in Newmont's Emigrant Springs Deposit.  Emigrant Springs is an advanced-stage project host to a significant undeveloped oxide gold reserve/resource that represents a portion of Newmont's future production within its Carlin operations, and is located only 1.5 miles east of Saddle.

"The Saddle deposit is one of the highest grade undeveloped gold deposits in the US and yet remains one of the most undervalued projects in Premier's portfolio" stated Ewan Downie, President and CEO of Premier Gold Mines Ltd.  "We are in the process of accelerating our program at Saddle in order to advance this opportunity toward development".    

OTHER PROJECTS

Premier holds several projects that are the subject of significant exploration programs.  Three drills are active in Red Lake on joint venture projects with Goldcorp. First, the Rahill-Bonanza Project (PG 49% and Red Lake Gold Mines 51%) located in close proximity to Goldcorp's Red Lake Gold Mines infrastructure, and second, the East Bay Project (PG 35% and 50% - JV with RLGM) that is located on the East Bay ultramafic trend along strike and to the north of Rubicon's F2 Zone discovery at its Phoenix Gold Project. Eight drills are active on Premier's Hardrock Project (Premier holds a 70% interest). An updated NI 43-101 compliant mineral resource for Hardrock is expected in coming weeks.  Finally, two drills are active at Premier's 100% owned PQ North Project located along strike from Goldcorp's Musselwhite Gold Mine.

Stephen McGibbon, P. Geo., 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. Assay results are from core samples sent to ALS Laboratories, an accredited mineral analysis laboratory in Reno, Nevada, for preparation and analysis utilizing fire assay methods.

Premier Gold Mines Limited is a well financed Canadian-based mineral exploration and development company with several projects and deposits in Northwestern Ontario and a joint venture in Mexico. In the Red Lake gold mining camp, two are operated in joint venture with Red Lake Gold Mines. The company also owns strategic projects located in the heart of the Carlin Trend, Nevada, on the main Musselwhite Gold Mine trend, and holds a 70% interest in the Hardrock Project.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties.  Actual events or results could differ materially from the Company's expectations and projections.

 

 

 


Ewan Downie, President & CEO,  Phone: 807-346-1390,  Fax: 807-346-0100
e-mail: Info@premiergoldmines.com Web Site: www.premiergoldmines.com