Cholokkaindy Licence Expansion

RNS Number : 5063E

Premier Gold Resources PLC

13 May 2013

 



Embargoed: 0700hrs, 13 May 2013

Premier Gold Resources plc

("Premier Gold" or the "Company")

Cholokkaindy Licence Expansion

Premier Gold (AIM: PGR), the Central Asia-focused gold exploration and development company operating in the Kyrgyz Republic, is pleased to announce that the State Agency for Geology and Mineral Resources, the controlling mining authority in the Kyrgyz Republic, has granted an 8 square kilometre extension to the south-east of the Company's Cholokkaindy licence.

Premier Gold made the application for expansion on the basis of strong evidence that the mineralised trends identified at Cholokkaindy are likely to continue beyond the south-eastern boundary of the pre-existing licence into the newly expanded area of the licence. The application for the additional licence area was approved by the Kyrgyz mining authority on the basis that Premier Gold had provided justification for increasing its area of operation. The expanded area now forms part of the Cholokkaindy licence which was recently extended through to 31 December 2017.

Commenting on the licence expansion, Richard Nolan, Chief Executive, said:

"Premier Gold has increased its licence area by one-third to 32 square kilometres. This has obvious beneficial implications upon the size of the potential gold resource at Cholokkaindy."

Contacts:

Premier Gold Resources Plc
Richard Nolan, CEO	020 7953 4028
Sanlam Securities UK Limited (Nominated Adviser and Broker)
Lindsay Mair / Richard Goldsmith / Catherine Miles	020 7628 2200
M: Communications
Ben Simons / Matthew Neal	020 7920 2340/68

For further information please visit: www.premiergoldresources.com 

 

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