Premier Gold Mines has achieved commercial production ahead of schedule at the El Niño underground mine on the company’s 40% owned South Arturo Property located in Nevada’s Carlin Trend. The company also reported that new definition and step-out drilling results from the ongoing 2019 campaign are showing better outcomes than projected. Initial production supports this and emphasizes the continued opportunity to expand high-grade mineralization on the property.
Production at El Niño commenced on budget, with high-grade ore now being processed at the Goldstrike facility located 8 kilometers (km) to the south. Based on current projections, overall gold production from South Arturo is anticipated to surpass expectations, which called solely for pre-production ore, for the year, according to Premier. Development of the Phase 1 pit is ongoing.
The South Arturo Mine is a joint venture between Premier and Nevada Gold Mines, which is joint venture between Newmont-Goldcorp and Barrick Gold Exploration Inc.