WHO KNOW WHAT DEPTH IT"S AT!PREMIER GOLD MINES LIMITED (TSX:PG) is pleased to announce that ongoing drilling at the Rahill-Bonanza Project has intersected high-grade mineralization in the West Granodiorite Zone and that drilling has now started to test the West Mine target. The "Rahill-Bonanza Project" is being operated under a 50/50 exploration joint venture between Premier and Red Lake Gold Mines (RLGM), an affiliate of GOLDCORP INC. (TSX:G, NYSE:GG).
The West Granodiorite Zone ('WGZ") is located west of, and along strike from the Wilmar Zone, and was historically viewed as a bulk-tonnage (2-3g/t Au) target. The current program, consisting of 6 holes, was designed to attempt to identify higher-grade mineralization within the core of the WGZ. This drilling has successfully returned several significant high-grade intersections including 29.9 g/t Au across 0.8 meters and 12.2 g/t Au across 2.9 meters.
| HOLE NO. | INTERSECTION (m) | WIDTH (m) | ASSAY (g/t Gold) | Zone |
| PG07019 | 426.00-429.00 | 3.0 | 3.0 (0.09 oz/ton) | WGZ |
| PG07019 | 439.60-443.00 | 3.6 | 3.4 (0.11 oz/ton) | WGZ |
| PG07020 | 552.00-552.80 | 0.8 | 29.9 (0.96 oz/ton) | WGZ |
| PG07020W1 | 574.10-577.00 | 2.9 | 12.2 (0.39 oz/ton) | WGZ |
| Inc. | 574.10-575.00 | 0.9 | 18.5 (0.59 oz/ton) | WGZ |
| Inc. | 576.00-577.00 | 1.0 | 16.7 (0.54 oz/ton) | WGZ |
NOTE: True widths estimated at approximately 65% of intersection width
Drilling has been activated on the "Mine West" target, located immediately west of, and along strike from, the RLGM complex. A fourth drill has been mobilized to begin deep drilling at the Bonanza deposit. The Mine West drilling is designed to test the western extension of the ultramafic rock unit that is host at Red Lake Gold Mines and the on-strike extension of the "S and F Zones" at the mine. Drilling planned at Bonanza will target 1000m below the deepest intercepts to date with the intent of demonstrating continuity of mineralization to 1600m below surface. Additional drilling at Bonanza will consist of in-fill and expansion drilling to further define the Bonanza deposit, discovered in 2004, where previous drilling has returned numerous significant intersections to depths of less than 400 meters including 13.27 g/t Au across 19.00 meters, 8.66 g/t Au across 22.0 meters and 5.05 g/t Au across 34.95 meters. A NI 43-101 compliant mineral resource estimate is planned for Bonanza in early 2008.