A new National Instrument 43-101 resource estimate for the Rahill-Bonanza property in Red Lake, Ont, has pleased joint-venture partners Premier Gold Mines (PG-T, PIRGF-O) and Goldcorp (G-T, GG-N). The estimate reveals an inferred resource of 2.28 million tonnes averaging 6.98 grams gold per tonne over an average width of 3.1 metres, for 512,000 oz. gold. A cutoff grade of 4 grams gold per tonne was used. With a lower cutoff grade of 2 grams gold, the estimate pegged inferred resources at 6.65 million tonnes at an average grade of 4.26 grams gold per tonne over a width of 4.9 metres, for 911,000 oz. gold.
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