Third drill added to test primary Geraldton Project gold targets: more surface work, drilling scheduled for Northern Empire

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[{"type":"text","content":"\n\n\n\nTORONTO, May 29 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today\nannounced that Premier Gold Mines Limited (TSX-G), as operator, has added a\nthird drill to accelerate exploration at the Geraldton Project in Northwestern\nOntario. To date, gold has been discovered in the first three targets tested\nas part of the ongoing program. Drilling has now moved to test the primary two\ntargets of the program, while one drill continues to expand on mineralization\nidentified in the recently discovered zones.\n\n\nDiscoveries so far include two broad parallel (open pit style) horizons\nand high-grade veins located proximal to the historic Little Long Lac Gold\nMine. Results include 39.64g/t Au (1.16 oz/ton) across 2.0 metres contained\nwithin a wider zone of mineralization which returned 5.87g/t Au across\n16.0 metres, and 42.97g/t Au (1.25 oz/ton) across 1.0 metre contained within a\nwider zone of mineralization which returned 2.01g/t Au across 101.0 metres.\nDrilling has recently intersected significant visible gold in the western-most\nsection drilled in the No.11 Vein Zone.\n\n\nDespite early successes, the two primary targets in the current Phase I\nprogram, the "Mine Repetition" and the Talmora Anticline Zone ("TAZ"), remain\nuntested. The Mine Repetition target represents the fault offset of the host\nhorizon of the historic Little Long Lac Gold Mine from which more than\n600,000 ounces of gold were produced during the period 1934-53 at an average\nrecovered grade of 11.66g/t Au. The TAZ target is a large untested fold\nstructure similar to those that host the largest mines in the district.\n\n\nPremier holds the option to acquire up to a 70% interest in the Geraldton\nProject from Roxmark by making cash and share payments to Roxmark, and\nperforming exploration on the Project. The current Phase I drilling is part of\nan ongoing minimum $2.5 Million exploration program aimed at confirming\nPremier's belief that numerous untested prospective areas of the property\ncould host additional gold mineralization. A systematic drill program is being\ncarried out at Little Long Lac in an effort to discover new zones and to\nestablish gold resources in the Kailey, the No.9, No.10, and No.11 Vein zones.\n\n\nThe Geraldton Project is located in the heart of the Beardmore-Geraldton\nGreenstone Belt, a highly pros...

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