Mots clés associés : G Mexico |

Phone:	1-807-346-1390
Fax:	1-807-346-0100

News Releases

Wednesday, May 21, 2008
PREMIER TO ACQUIRE STRATEGIC CLAIM WITHIN SANTA TERESA

Shares Issued: 69,193,742

PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Compania Minera Quasaro SA DE CV ("Quasaro"), a private, arms length company, to purchase the "La Victoria Concession" located within the Santa Teresa Concession at El Alamo, Baja California Norte, Mexico. The Concession is accessible by road, and is located approximately 100 kilometres ("km") southeast of Ensenada and 250 km from San Diego, California, USA. Premier regards the La Victoria purchase as strategic since:

It's located entirely within the Santa Teresa Concession.
It occurs along strike from the structure currently being targeted in the ongoing drill program of the Premier-Sutter Joint Venture.
Other regional El Alamo vein structures may also trend onto La Victoria.

Terms of the MOU include a cash payment of $200,000 to Quasaro, plus 150,000 shares of Premier at closing and Quasaro will retain a 2% Net Smelter Return Royalty ("NSR"). One half of the NSR (1%) can be purchased for US$1 Million cash and Premier will retain a first right of refusal to acquire the remaining half. The purchase price paid will contribute to Premier's earn-in obligation under the terms of the Joint Venture Agreement signed with Sutter Gold Mining Inc. (SGMI; SGM.V), and the La Victoria Concession will form part of the overall Property being explored by the Joint Venture.

Premier management was attracted to the El Alamo District initially because of a unique history of high mined grades, and the almost complete lack of modern exploration. Both the Santa Teresa and La Victoria are located within a proven gold district (some 220,000 ounces of past production) gold district where historical data indicates that mined grades within the district were in excess of 1.0 ounces per ton (opt) gold. The majority of district production occurred within 120 metres of surface, but remains open at depth.

Premier is currently conducting a 5,000 metre diamond drill program at Santa Teresa and anticipates reporting on the initial results of this work in the near future. To-date, drilling has intersected several mineralized vein intersections in multiple drill holes, and the decision has recently been made to increase the size of the current program.

Stephen McGibbon, P. Geo., Executive Vice-President and COO of Premier, is the Qualified Person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101.

Premier Gold Mines Limited is a Canadian-based mineral exploration and development company with a strong treasury and has diverse property holdings that include several projects and deposits in Northwestern Ontario and a joint venture in Mexico).

For further information, please contact:
Ewan Downie, President & CEO
Phone: 807-346-1390
Fax: 807-346-0100
E-mail: info@premiergoldmines.com
Web Site: http://www.premiergoldmines.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

Premier Gold Mines Ltd.

	EXPLORATEUR
	CODE : PG.TO
	ISIN : CA74051D1042

Suivi et investissement

Ajouter une alerte	Ajouter aux Watchlists	Ajouter au portefeuille	Ajouter une note

Profil Indicateurs
de Marché VALEUR :
Projets & res.Communiqués
de Presse Rapport
annuel RISQUE :
Profile actifs Contactez la cie

Premier Gold Mines est une société d’exploration minière d'or basée au Canada.

Premier Gold Mines détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont HARDROCK, GERALDTON, ARGOSY, EAST BAY, RAHILL-BONANZA, SADDLE GOLD, RAIN et NEWMAN-MADSEN au Canada et SANTA TERESA au Mexique.

Premier Gold Mines est cotée au Canada. Sa capitalisation boursière aujourd'hui est 596,5 millions CA$ (474,8 millions US$, 399,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 08 avril 2011 à 8,00 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,85 CA$.

Premier Gold Mines possède 201 530 000 actions en circulation.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.