Primero Provides Exploration Update for the Black Fox Complex; Mineralization Expanded at Depth, Plus Near Surface Discoveries
TORONTO, ON--(Marketwired - February 23, 2015) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) (NYSE : PPP) today provided a final update on exploration activities in 2014, including results from January 2015, at its Black Fox Complex, which includes the Black Fox mine and adjacent Grey Fox exploration property, located in the Township of Black River‐Matheson near Timmins, Ontario, Canada.
Black Fox Highlights:
- High-grade Central Corridor Expanded: Results from the Lower Central zone with 8.4 grams per tonne ("g/t") gold over 17.3 metres including 54.5 g/t gold over 1.1 metresand 35.8 g/t gold over 1.7 metres (520-EX67-E), and 9.8 g/t gold over 6.2 metres (520-EX55-E) have expanded the width of the high-grade corridor. Mineralization has also now been traced to a depth of approximately 800 metres below surface at Black Fox.
- Delineation Drilling Expands Near Infrastructure Mineralization: Delineation results include 111.3 g/t gold over 3.5 metres (370-F482-40), 16.3 g/t gold over 13.2 metres(530-03-EAB) and 84.2 g/t gold over 2.5 metres (335-160W).
- Lower East Zone Extended at Depth: Results from the Lower East zone include 30.9 g/t gold over 6.2 metres (530-B389-23), and 15.5 g/t gold over 9.9 metres (470-F566-13A).
- Discovery of Two New Near Surface Zones: The Tamarack Gold zone was discovered approximately 400 metres east of the current Black Fox open-pit with intercepts including11.6 g/t gold over 5.5 metres (14BF-599) and 8.4 g/t gold over 3.0 metres (14BF-594). In addition, drilling approximately 1.2 kilometres west of the open-pit encountered a long intercept of continuous mineralization grading 1.7 g/t gold over 66.0 metres (14BF-591) at a depth of approximately 150 meters below surface.
Grey Fox Highlights:
- Contact Zone and Grey Fox South Expanded: Highlights include 16.0 g/t gold over 8.0 metres (GF14-922), 13.7 g/t gold over 7.9 metres (GF14-928) and 3.1 g/t gold over 34.0 metres (GF14-942).
"Our 2014 exploration program at the Black Fox Complex was successful," said Joseph F. Conway, Chief Executive Officer. "Exploration drilling at the Black Fox mine continues to support our theory that mineralization continues at depth, potentially well below the 800 metres below surface we have already defined. Delineation drilling near existing infrastructure is a critical focus at Black Fox and today's results highlight the progress we've made in 2014 by increasing the mineralized envelope around existing Mineral Reserves. In addition we continue to report positive exploration results from the adjacent Grey Fox property. We expect to release our Black Fox Complex 2014 year-end Mineral Reserves and Mineral Resources in early March 2015.."
Quelle: primeromining.com
Quelle: primeromining.com
Quelle: primeromining.com
Quelle: bigcharts.com
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