Centerra Gold Inc. and Premier Gold Mines Limited are pleased to announce results of a diamond drill program comprised of 62 drill holes for a total of 17,428 metres at the Partnership's Hardrock Project on the Trans- Canada Property located in the Geraldton-Beardmore Greenstone Belt in northwestern Ontario.
The drill campaign was designed to test specific portions of Premier's July 2014 resource block model for the Hardrock Deposit and to gain a better understanding of the distribution and grade of the gold mineralization in the deposit. Overall, the drill campaign was successful in continuing to identify gold mineralization within the current optimized pit boundary.
To view the drill results and drill hole locations referred to in this news release, please visit the following link: http://media3.marketwire.com/docs/CG625-figs.pdfor visit the companies' web sites at: www.centerragold.com and www.premiergoldmines.com.
Assay results are still pending for seven of the completed drill holes. An additional three holes are awaiting QA/QC verification. Once these assays have been received and quality control checks performed these results will be available and the complete set of assay results and geological information for all 62 drill holes of the 2015 campaign will be added to the Hardrock drill hole database and incorporated into an updated resource block model for the Hardrock Deposit.
Work also continues on various technical studies, environmental and social impact assessments, and on obtaining the necessary permitting for the Hardrock Deposit. A feasibility study on the Hardrock Deposit is expected to be completed in late 2015 or early 2016.
A listing of the drill results, drill hole locations and plan map for the Hardrock Project have been filed on the System for Electronic Document Analysis and Retrieval ('SEDAR') at www.sedar.com and are available at the companies' web sites.
Source: http://www.centerragold.com/