PGR24 Jan 2015 00:28
Richard Nolan, Chief Operating Officer, commented:
"The latest results from Cholokkaindy are highly encouraging. Where we had previously identified a strike length in Talbaital of 1,200 metres and a width of 400 metres, we are now looking at a target of over five square kilometres linking all four prospects. We believe the new data is indicative of a larger mineralising system extending across four target areas.
Our focus remains to drill Talbaital, which has the most data collected. With this year's soil sampling programme largely complete, the results indicate that there are more, newly identified, targets to test. The Company has begun discussions with the drilling contractor about a much larger and more ambitious programme for 2013.
The Company is confident that the licence area displays several key indicators associated with other large gold deposits in the northern Tien Shan metallogenic belt."
Sample analyses were carried out at the Central Laboratory in Bishkek, Kyrgyzstan.
This announcement has been approved by EurGeol Garth Earls, PGeo, who is Head of Exploration for Premier Gold Resources plc and a Competent Person for the purposes of the reporting of these results.