Premier Gold Mines Ltd.: Final LTRA Signed for the Development of the Hardrock Project

by ahnationtalk on November 20, 201966 Views

THUNDER BAY, ON, Nov. 20, 2019 – PREMIER GOLD MINES LIMITED (“Premier”, “the Company”) (TSX:PG) (OTCPK: PIRGF) is pleased to announce that Greenstone Gold Mines Inc. (“GGM”, the “Partnership”), a 50/50 joint venture between Premier and Centerra Gold Inc., has signed a Long-term Relationship Agreement (“LTRA”) with Aroland First Nation, Animbiigoo Zaagi’igan Anishinaabek, and Ginoogaming First Nation, collectively the First Nations (“First Nations”), with respect to the development and operation of the Hardrock Project (“Project”), located in the Geraldton-Beardmore Greenstone Belt in Ontario, Canada.

The signing of this agreement represents another important milestone as the Partnership continues to advance the project to an ultimate production decision. “GGM is committed to sustainable development and we are proud to celebrate this achievement with Aroland First Nation, Animbiigoo Zaagi’igan Anishinaabek, and Ginoogaming First Nation and grateful for their support” stated Eric Lamontagne, Greenstone Gold Mines General Manager.

The LTRA formalizes the Partnership’s commitment towards protecting the environment and supporting the local First Nations social and cultural practices, and provides for environmental monitoring, employment, training, business and contracting opportunities. The agreement establishes increased certainty regarding GGM’s and the First Nations’ opportunity to mutually benefit from future mining opportunities in the region.

“This LTRA represents the successful completion of negotiations with local First Nations regarding the development of Hardrock”, stated John Begeman, Executive Chairman of Premier. “With all local communities in support of this Project, Hardrock moves one step closer to becoming a reality.”

“We have an agreement that will provide our communities with meaningful environmental participation, business opportunities, employment and training, and financial benefits. Our First Nations look forward to continuing our positive working relationship with GGM and playing an integral role in mineral development in our Territory to foster positive changes in our communities”, said Chief Dorothy Towedo (Aroland First Nation), Chief Theresa Nelson (Animbiigoo Zaagi’igan Anishinaabek), and Chief Celia Echum (Ginoogaming First Nation).

Premier Gold Mines Limited is a gold-producer and respected exploration and development company with a high-quality pipeline of precious metal projects in proven, accessible and safe mining jurisdictions in Canada, the United States, and Mexico. Premier remains focused on creating a low-cost, mid-tier gold producer through its two producing gold mines; South Arturo and Mercedes, and through future mine development opportunities at Hardrock in Ontario (Greenstone Gold JV) where permitting and development initiatives are ongoing and McCoy-Cove in Nevada.

For further information: Ewan Downie, President & CEO, 1.888.346.1390, Info@premiergoldmines.com, www.premiergoldmines.com

NT5

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