Wednesday, April 29, 2009

Roxmark Mines RMK.v: Premier Gold drills 32.1 m of 15.97 g/t Au at Hardrock. RMK.v,, CDNX, HUI, XAU, GDX, TSX, TNR.v, SQM

This is becoming a Premier M&A play: Gold in Canada - with such rapid developments.
Technical picture is positioned very nicely to advance on incoming buying volume.

This is what we are talking about, when mentioning strong J/V partners. We only wish to see this speed of development for our other Juniors busy building their portfolios. Premier Gold came into the picture last year and Roxmark Mines RMK.v, feeding before shareholders with slow motion pictures from 30s last century, has moved into high speed of Gold Exploration developments within months. Investors were able to get in this story as low as 5 Canadian cents just a couple of months ago. This prices of 0.1CAD will be a distant memories within days with this kind of spectacular results: Hardrock Tenacity drilling continues to return high-grade gold; 15.97g/t Au across 32.1m. This is getting serious and we are eagerly awaiting initial resource estimation by the end of this year. Now it is becoming not a question of If, but When and at What price Premier Gold will bid for 30% of this coming Gold Deposit in Canada, which now belongs to Roxmark Mines RMK.v.

We can only Dream that Mitsuis, SQMs and JOGMECs of this world will become one day J/V partners in our NEXT Big Thing with such approach like Premier Gold.

Premier Gold drills 32.1 m of 15.97 g/t Au at Hardrock

"2009-04-29 09:13 ET - News Release
Mr. Ewan Downie reports
Premier Gold Mines Ltd.'s continued drilling at the Hardrock project in Geraldton, Northwestern Ontario, continues to return high-grade gold mineralization in the Tenacity zone. Initial drilling at the Tenacity zone has been focused on defining potentially open-pit-style mineralization which is being confirmed by intersections of up to (uncut) 15.97 grams per tonne gold across 32.1 metres and 2.38 g/t gold across 23 m. Drilling is now directed on extending the Tenacity zone down-plunge to follow up on recent intersections of up to 16.86 g/t gold across 5.5 m. Highlights of recent tenacity drilling include:
The potential to develop both open pit and underground resources;
Extremely high-grade gold with individual samples returning assays of up to 688 g/t gold (20.1 ounces per ton gold) across 0.7 m;
The intersection of a second near-surface mineralized horizon located along a similar geological contact." MORE

The Hardrock Project is operated under a joint venture with Roxmark Mines Limited (TSX-V:RMK - News; Premier earning a 70% interest). The Hardrock Project is host to several past-producing mines which collectively produced more than 2.0 Million ounces of gold from the same shallow deposits within 2000 feet (600 metres) of surface from 1938-1968. The mined zones remained open at depth at the time mining ceased and developed historical resources were left in place within the existing mine workings (a qualified person has not done sufficient work to verify the historical resource, the company is not treating the historical resource as a current resource and the historical resource should not be relied upon).

Post a Comment