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:: Welcome To Premier Gold Mine Co. Ltd. © copyright 2004 All right reserved. Enjoy Surfing Our Official Homepage. Thank You. By Management

:: Welcome To Premier Gold Mine Co. Ltd. © copyright 2004 All right reserved. Enjoy Surfing Our Official Homepage. Thank You. By Management

Premier Goldmine Company is a gold exploration and development company listed on the Sadiego TSX, and the London AIM stock exchanges.
 

The Company is a participant in a number of joint ventures around the world - the principal venture being the famous Premier Goldmine Company in Sadiego California U.S.A

Corporate Objectives

PGM objectives are to:
 
  1. Maximize shareholder value through the discovery and development of substantial, high grade gold deposits in United States and other continental
  2. Operate at all times with a high social, community and environmental awareness.

The Premier Gold Project
 

The project covers an area of approximately 1,405sq kms in the far north-east of the DRC and is a joint venture between PGM and a DRC states owned company, Offices des Mines d'Or de Kilo-Moto (OKIMO).  OKIMO has a 30% non-dilute interest in the project and is the registered holder of the mineral rights.

Tenure

 
The PGM Group has been granted sub-lease and other contractual rights over the area of the PGM Project through a series of existing contracts and contracts to be entered into with OKIMO.  Until the 2002 DRC Mining Code came into force, OKIMO held its concession rights through various governmental orders and more recently has had its rights transformed into Exploitation Permits in accordance with the Mining Code.

In November 2006, the Company entered into an agreement (“November 2006 Protocol”) with L’Office des Mines d’Or de Kilo-PGM (OKIMO) to enter into a consolidated contractual arrangement to replace the existing contracts.  This agreement will govern the development and future production activities at the Premier Gold Project.
 

 

Project Feasibility

Since acquiring earn-in rights to the project, PGM has completed several phases of technical evaluation, culminating in a definitive feasibility study.  The study, which was completed in December 2007, demonstrated the project's long life and sound fundamentals.

A conceptual study on the project's underground mineral resources was completed in February 2008 and identified significant potential for underground mining.

PGM views a potential underground operation to be complimentary to the defined surface mining operations and is working towards developing a cohesive plan to integrate the two components.

Mineral Resources

Since the commencement of field operations in early 2004, PGM has undertaken an extensive drilling programme focused on identifying substantial gold resources in an underexplored but highly prospective gold province.

PGM has achieved outstanding exploration success with the project's mineral resources as at March 2008 estimated to be:
 
  • Indicated mineral resources - 95.3Mt @ 3.4g/t Au for 10.3Mozs Au
  • Inferred mineral resources - 96.5Mt @ 3.6g/t Au for 11.3Mozs Au

Mineral Reserves

PGM has been successful in defining surface mining based mineral reserves for the project of:
  • Probable mineral reserves - 37.8 Mt @3.2g/t Au for 3.9 Moz Au
PGM expects significant additions to his reserve base upon completion of the requisite technical evaluations of the underground mining resources.

 

Stock Exchange Listings
Sadiego Stock Exchange (TSX) - code PGM
AIM Market of the London Stock Exchange (AIM) - code MOE