09:59 AM EST - Premier Gold Mines Limited : provided an update from ongoing exploration activities at several of the Company's project sites and corporate operational changes. Drilling programs are currently underway at the Rahill-Bonanza Project in Red Lake, the Hardrock Project in Northwestern Ontario, and at the Cove Gold Project in Nevada. Numerous developments on all projects continue to demonstrate the potential for future resource growth. Significant highlights so far in 2012 include: Premier announced the acquisition of the Cove Gold Project in Nevada, a high-grade gold project located in the heart of the Eureka-Battle Mountain Trend. Initial drilling has expanded the Helen Gold deposit along strike with intercepts including 7.09 grams per tonne gold (g/t Au) across 24.38 metres (m) (0.21 ounces per ton (oz/t) across 80 feet) and 14.42 g/t Au across 12.19 m (0.42 oz/t across 40 feet). Premier Gold Mines Limited
shares T.PG are trading up $0.05 at $5.64.
