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hectares 200 km northeast of Thunder Bay.
The joint venture has filed the necessary
paperwork to initiate a formal environ-
mental review process. Premier Gold has
conducted several exploration campaigns
that have indicated mineralization poten-
tially amenable to both open pit and
underground mining methods. Premier's
Hardrock Project, located 275 km north-
east of Thunder Bay, is also a partnership
with Greenstone Gold. An environmental
assessment for the project has been under-
way with both the Federal and Ontario
environmental assessment agencies since
April 2014.
Pure Gold Mining Inc. [PGM-TSXV;
LRTNF-OTC] has a 100% interest in the
Madsen Project 16 km west of Red Lake.
The company has completed a 50-metre
underground exploration drift in advance
of test mining and bulk sampling. The
drift was driven in the hanging wall of the
McVeigh Zone and is designed to provide
a drill platform for definition drilling of
the upper portions of the current mineral
resource. Underground drilling is targeting
the bulk sample location.
With an indicated resource of 1,744,000
oz gold at 8.7 g/t gold (in 6.2 million
tonnes) and an inferred resource of 296,000
oz gold at 7.9 g/t gold (in 1.2 million
tonnes), the project benefits from existing
infrastructure including a mill and tailings
facility, paved highway access, and access
to power and water.
Rainy Mountain Royalty Corp. [RMO-
TSXV; RMNXF-OTC; EK7N-FSE] has about
a dozen mineral projects in northern
Ontario covering various precious and
base metals.
Tahoe Resources Inc. [THO-TSX, Lima;
TAHO-NYSE] acquired Lake Shore Gold
on April 1, 2016, adding two underground
mines to its asset base: Timmins West and
Bell Creek in addition to attractive growth
projects and exploration targets. Timmins
West includes three deposits in produc-
tion: the Timmins, Thunder Creek and 144
Gap deposits. The Bell Creek shaft project is
intended to provide access to resources and
support continued growth both at depth
and along strike. Tahoe's Timmins opera-
tions produced 167,000 oz gold in 2017.
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ONTARIO
