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dized mineralization and halos of partial
replacement and veining. Cypress said in
a statement that Pasinex is attracted by
the high grades and the deposit style of
the Gunman with striking similarities to
Pasinex's Pinargozu zinc mine in Turkey.
Pershing Gold Corp. [PGLC-TSX,
NASDAQ] plans to resume operations at the
Relief Canyon Mine at the southern edge of
the Pershing Gold and Silver Trend along
the Humboldt Range, about 95 miles north
of Reno. The open pit mine has a state-of-
the-art ~21,500 tpd heap-leach production
facility. The average life-of-mine produc-
tion is 93,900 ounces of gold per year. Cash
costs are $770/oz gold with all-in sustain-
ing costs of $802/oz gold. There is a $165
million Net Present Value at US $1,300/oz
gold. A 2017 proven and probable reserve
estimate was 635,000 ounces of gold. All
permits are in hand to start production
and mine through Phase I. Production is
expected to begin this year.
Premier Gold Mines Ltd. [PG-TSX]
recently inked a Nevada-focused explo-
ration and development agreement with
Barrick Gold. Under the agreement, Barrick
will have an option to earn a 60% inter-
est in the exploration portion of Premier's
McCoy-Cove property by spending US
$22.5 million in exploration by June 30,
2022. Premier will retain 100% in the Cove
deposit portion of the McCoy-Cove prop-
erty that includes the high-grade Helen,
2201 and CSD/CSD Gap deposits. Premier
will have a one-time bulk sample processing
arrangement for the planned test mining
program at its 100%-owned portion of the
McCoy-Cove property. Finally, Premier will
have an option to acquire a 100% interest
in Barrick's Rye vein property, subject to a
back-in right by Barrick, by spending US
$3 million on exploration by December 31,
2019. The Rye property adjoins Premier's
Goldbanks property option.
Renaissance Gold Inc. [REN-TSXV] is
a Nevada-based gold/silver-focused explo-
ration company that has emerged as a
spin-off from the 2010 acquisition of AuEx
Ventures Inc. by Fronteer Gold. Kinross
Gold has an option to earn a 70% inter-
est over in the company's Buffalo Canyon,
NEVADA
