Tuesday, February 17, 2009

Roxmark Mines RMK.v Premier-Roxmark intersects high-grade gold at Hardrock Project - Up to 2870 g/ton (92.27 opt) across 0.30 metres. RMK.v, PG.to,

It is hard to believe that the stocks of Roxmark Mines RMK.v were trading under 0.05CAD just two month ago. Solid story in a solid place with a strong partner - Gold in Canada.

HUNDER BAY, ON, Feb. 17 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG - News) is pleased to announce, initial results from drilling in the EP-Zone, one of several targets currently being drilled on the company's Hardrock Project in Northwestern Ontario. This program is expected to consist of more than 50,000 metres of definition and exploration drilling leading to NI 43-101 compliant gold resources in 2009. The Hardrock Project is being operated by Premier under joint venture with Roxmark Mines Limited (TSX-V:RMK - News).
The EP-Zone has been identified as a potential high-grade open pit target in the vicinity of the historic North Zone, from which 2.97 Million tonnes of ore was mined at a grade of 7.54 grams per tonne gold (g/t Au). Initial drilling has identified 3 sub-zones within the EP target consisting of the South Limb, North Limb and HGV horizons. Significant mineralization has been intersected in the first nine holes within all three horizons including 11.83 g/t Au across 11.4 metres (m) in the South Limb, 2.24 g/t Au across 21.0 m in the North Limb, and 2870.00 g/t Au across 0.3 m within the HGV horizon.
The following tables demonstrate the potential of the EP-Zone and include historic results that help to highlight the mineralization within each horizon intersected in limited previous drilling in the area. Note that true widths of the intercepts are estimated at approximately 70% of the intervals provided.
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