Premier Gold Declares Early Commercial Production at El Nino

SEATTLE (Scrap Monster):  Premier Gold Mines Limited announced that it has achieved commercial production at El Nino underground mine located in the Carlin Trend of Nevada, ahead of schedule. Incidentally, Premier owns 40% stake in the mine, whose remainder stake is owned by a joint venture between Newmont Goldcorp and Barrick Gold.

According to company press release, the high-grade ore is now being processed at the Goldstrike facility at a distance of 8 kilometres from the mine. The current projections indicate that overall gold production from South Arturo region which holds the mine, will surpass initial expectations. The company had previously released production guidance between 5,000 Oz and 10,000 Oz for 2019. Some assay remains pending, it said.

ALSO READ: Barrick Gold Corp. to Restart Gold Mining in Tanzania

Premier also released results from its 2019 South Arturo drilling program. It includes definition and step-out holes from underground drill stations in the El Nino mine. In addition, it also includes geotechnical holes at the Phase-3 open pit project. Also, the company noted that the drilling to further assess the opportunity of the East Dee Target is nearing completion.