Goldstone Resources: Premier expands NN Zone mineralization at Hardrock including 22.97 g/t Au across 24.8 metres GRC.to, PG.to, GG, NEM, ABX, FCX,

Premier Gold delivers another set of very impressive results in this Canadian Gold discovery play. Resources will have a nice boost later this year with this kind of intercepts! Stock is due to rebound on the technicals above.

Premier expands NN Zone mineralization at Hardrock including 22.97 g/t Au across 24.8 metres

April 26 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG - News) is pleased to announce that drilling continues to expand near-surface mineralization at the Hardrock Project in Northwestern Ontario. Current drilling is targeting both open pit and underground style zones with the 2010 program aimed at increasing the current gold resource. Recent expansion drilling in the NN Zone has returned some of the best intersections to-date in this horizon including:
- 22.97 grams per tonne gold (g/t Au) across 24.8 metres (m) (0.67 oz/ton across 81.4 feet) contained within 43.3 m grading 13.42 g/t Au (0.39 oz/ton across 143.0 feet) in hole MM117

- 7.87 g/t Au across 19.8 m (or 0.23 oz/ton across 65.0 feet) in hole MM105

- 2.20 g/t Au across 41.4 m (0.06 oz/ton across 135.8 feet) in hole MM113

- 2.25 g/t Au across 24.5 m (0.07 oz/ton across 80.4 feet) in hole MM099

- High Grade intercepts up to 164.36 g/t Au across 3.3 m (4.80 oz/ton across 10.8 feet)

Drilling in the NN Zone continues to expand mineralization up-dip,down-dip and along strike. Mineralization in the main pit area, which includesthe NN and EP Zones, has now been defined over a strike length of some 1.4kilometres and remains open to the west. The NN Zone has the potential to hostsignificant open-pit and underground style resources as further demonstratedby previously released intersections that include 6.42g/t Au across 22.4m(0.24 oz/ton across 73.5 feet) in hole MM040, 39.15g/t Au across 3.6m (1.14oz/ton across 11.8 feet) in hole MM048 and 6.91 g/t Au across 18.7 m (0.20oz/ton across 61.4 feet) in hole MM074.
"Drilling in the NN Zone continues to intersect some of the highest grade near-surface mineralization on the Property that could be mined by open pit methods in the early stages of potential operations at Hardrock," stated Ewan Downie, President of Premier. "These results bolster the significant resources already defined on the Property and demonstrate the excellent potential to materially increase resources in 2010".
The NN Zone is one of several potential open pit zones that comprise the "Main Area" at Hardrock that was subject to a NI43-101 compliant resource announced earlier in 2010. The expected future addition of the Kailey deposit, which is separate from the Main Area, and the current expansion drilling in the NN Zone continues to suggest the potential for the Hardrock Project to host a multi-million ounce gold resource.
The current drilling is focused on defining and expanding the limits of a large mineralized system within the NN Zone area of the Northern Iron Formation with two drill rigs. The plunge of the NN Zone is shallow to the west and it remains open for expansion. Recent drilling down dip continues to confirm wide zones of mineralization within the NN Zone. New drill results from the NN Zone are contained in Table 1.

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Lithium and TNR Gold in Canaccord Junior Mining Weekly TNR.v, CZX.v, LMR.v, RM.v, ABN.v, WLC.v, LI.v, CLQ.v, SQM, FMC, ROC, HEV, AONE, AAPL, GOOG, F,

"Iconic brands will deliver the message - Electric Cars are not Toys any more. Fisker Karma and AMG SLS eDrive will be among trendsetters and mass market in EV will follow. It will be Cool to be Green. Lithium Demand will be next to become a serious game in town."

Interesting note from Canaccord on Lithium and TNR Gold has been mentioned with International Lithium spin out - company gets onto the radar screens and results from announced exploration programs will drive performance of the new focused Lithium exploration and development play with properties in Argentina, Nevada, Canada and Ireland.

"Lithium market: Toyota, previously a detractor of lithium-ion battery technology, has
announced that it will launch a competitively priced Prius hybrid minivan in 2011
using lithium-ion batteries. The batteries will initially be produced in-house but will
shift to the new joint venture plant being constructed with Panasonic. Mitsubishi is
manufacturing the i-MiEV (Mitsubishi innovative Electric Vehicle), currently available
in Japan. Batteries are currently produced at the Kusatsu plant owned by the Lithium
Energy Japan (LEJ) joint venture between Mitsubishi and GS Yuasa in two lines
producing 600,000 cells per annum. GS Yatsua is installing a line at its Kyoto plant,
which is expected to be in production in December 2010 at 1 million cells per annum.
LEJ has now decided to build a new JPY37.5 billion (US$408 million) plant in Ritto,
Japan capable of producing 4.4 million cells per annum. By the end of 2012, the three
plants, with a capacity of 6 million cells per annum, should be able to supply the
lithium-ion batteries for 68,000 e-cars. Although now joined at the hip, Renault
(controlled by Nissan) and Daimler see the future in electrification but have
competing visions when comes to battery technology. Daimler will spend US$2.7
billion over the next two years in that space while Renault-Nissan has budgeted over
US$5.5 billion by 2011. Daimler is working in partnership with Evonik of Germany
and BYD of China, while Renault-Nissan is partnered with NEC of Japan, but both are
focused on lithium-ion battery chemistries.
Lithium equities in brief: On the lithium exploration front, Nemaska Exploration
(NMX : TSX-V : C$0.42 Not rated) continues to expand and demonstrate the
continuity of the wholly owned Whabouchi project in northern Québec. Highlight
intersections of recently released results from the current exploration program
include 92.1m grading 1.39% Li2O and 133 ppm Be and 77.8m grading 1.49% Li2O
and 170 ppm Be. Four new spodumene-bearing pegmatites have been discovered
within 10 to 50m south of the main zone. Consolidated Abaddon (ABN : TSX-V :
C$0.08 Not rated) is also part of the “lithium mine race” with its Raleigh Lake
lithium and rare earth element property in northwestern Ontario. The company has
just completed a seven-hole 1,464 metre drill program with a highlight hit of 9.0m
grading 1.30% Li2O and 0.18% rubidium. TNR Gold (TNR : TSX-V : C$0.27 Not
rated) is spinning out its lithium and rare earth projects into International Lithium Corp. (ILC). TNR shareholders will vote on the idea at a meeting set for 8 June 2010.
If approved, TNR shareholders will receive 0.25 of an ILC share and 0.25 warrants
of ILC for each TNR share held. Drilling has commenced on the Mariana lithium
brine project in Argentina, which TNR is not immediately putting into the ILC spinout, with a three-hole program. In Nevada, ILC has increased its land position to
5,285 ha and commenced geophysical surveying. Also in Nevada, Black Hawk
Exploration (BHWX : OTCBB : US$0.53 Not rated) returned weak results of up to
23.4 mg/L lithium in drill hole BMP-1 on the company’s Clayton Valley lithium
project. The hole returned an average of 20.2 mg/L over 128 metres."