London Global Mining Investment Conference
Stationers Hall, London
Wednesday 30th September 2009
www.ObjectiveCapitalConferences.com
14.25 North America
Stephen McGibbon
VP & COO
Premier Gold Mines
www.premiergoldmines.com PG:TSX
Premier Gold Mines Limited
Premier Gold Mines Limited
A World of Opportunity- Proven Management – Proven Districts – Safe Jurisdictions -
September 2009 PresentationSymbol: PG Exchange: TSX
www.premiergoldmines.comwww.premiergoldmines.com
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This presentation may contain forward-looking statements that may involve a number of risks and uncertainties. This presentation may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations or projections.Actual events or results could differ materially from the Company’s expectations or projections.
Historical Resources have been estimated by previous operators and are not NI43-101 compliant. Historical Resources have been estimated by previous operators and are not NI43-101 compliant.
www.premiergoldmines.com PG:TSX
COMPANY QUICK FACTSCOMPANY QUICK FACTS
- SHARE STRUCTURE: Outstanding - 82,613,779
Fully Diluted – Approx. 88,000,000 (Post Financing)Major Shareholder – Inmet Mining (+10%)
- MAJOR EXPLORATION PROGRAMS IN 2009-10: - +100,000 Meters of drilling planned on 4 projects
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- CORE LAND PACKAGES: - Proven Gold Districts- Mining Friendly Jurisdictions
- FULLY FINANCED:- + $20,000,000 in working capital- Current financing at a 40% premium to market
PREMIER MANAGEMENT TEAM
Ewan S. Downie – President, CEO, DirectorFormerly CEO of Wolfden Resources which was acquired in 2007 by Zinifex for $361 Million (+1500% from IPO). In 2004, part of the exploration team for Wolfden that received the Prospector & Developers Association of Canada (PDAC) '2003 Bill Dennis Prospector of the Year Award'. Also Chairman of Mega Precious Metals and Director of Marksmen Capital.
Stephen McGibbon – Executive Vice-President, COO Professional Geologist with over 23 years of exploration, mine production and management experience. Mr. McGibbon held positions of increasing responsibility in Red Lake with Goldcorp Inc. and its predecessor companies Goldquest Exploration Inc. and Dickenson Mines Limited, becoming Chief Geologist in 1995. From 2001 until June of 2006, he served as Exploration Manager at its flagship Red Lake Mine operation and was a senior member of the team at Goldcorp that discovered the "High Grade Zone" at Red Lake.
Tim Twomey – Exploration ManagerA professional geologist with over 25 years of exploration, production and management experience. As former Senior Exploration Geologist with Goldcorp's Regional Exploration Team in the Red Lake Area, Tim brings to Premier a "golden" track record that includes playing a key role in Goldcorp's "High-Grade Zone" discovery.
John F. Cook – Chairman, DirectorBachelor of Engineering (Mining), C. Eng UK, and P. Eng Ontario. More than 40 years experience in operations and management of mining companies. Past positions include Senior Mining and Managing Consultant, RTZ Consultants Ltd. (1974-78), Associate and Principal, Golder Associates (1978-83), Senior Project Manager, General Manager, and Vice President Engineering, Lac Minerals Ltd. (1983-90), VP Operations, Goldcorp Inc. (1990-94), and Navan Resources, Operations Director (1994-96).
Henry Knowles – DirectorFormerly, Chairman of the Ontario Securities Commission. QC Lawyer with extensive experience with regulation and compliance issues associated with public companies. Formerly Chairman of Wolfden Resources Inc. From 1992 to 2008.
www.premiergoldmines.com PG:TSX3
- Management track record of creating shareholder value
www.premiergoldmines.com PG:TSX
Ontario
RED LAKE PROJECTS
HARDROCK PROJECT
PQ NORTHPROJECT- Political Stability – Security of
land ownership – Mining friendly
- 100’s of Millions of ounces of gold have been produced from Ontario greenstone belts (Birth place of
Majors).
- Premier holds strategic land packages in the heart of several of Ontario’s prolific gold districts.
- Major Gold Mining Camp
THE PREMIER DIFFERENCETHE PREMIER DIFFERENCE
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FOCUSED ON PROVEN GOLD
DISTRICTS
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STRATEGIC PROPERTY PORTFOLIO
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HARDROCK PROJECTMulti-million ounce potential
RED LAKE PROJECTSHuge discovery potential
PQ-NORTH PROJECT2 New Gold Discoveries
PREMIER GOLD MINES
- 3 “GOLDEN” - 3 “GOLDEN” OPPORTUNITIES -OPPORTUNITIES -
THE PREMIER DIFFERENCETHE PREMIER DIFFERENCE
- PROVEN GOLD DISTRICTS -- PROVEN GOLD DISTRICTS -
www.premiergoldmines.com PG:TSX
THE RED LAKE DIFFERENCETHE RED LAKE DIFFERENCE
RLGM
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CochenourCochenour
WilmarWilmar
MAP FROM EARLIER GOLDCORP PRESENTATIONS(Pre-Placer takeover)
Red Lake Gold MinesWorld’s highest-grade gold mine
+27 Million ounces of gold
WilmarWilmar
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THE RED LAKE DIFFERENCETHE RED LAKE DIFFERENCE
- Premier projects strategically located on the main “Mine Trend”
RLGM
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Lennie (100%)Lennie (100%)
CochenourCochenour
WilmarWilmar
F2F2
MAP FROM EARLIER GOLDCORP PRESENTATIONS(Pre-Placer takeover)
BonanzaBonanza
WilmarWilmar
BonanzaBonanzaTakeover$1.2 Billion
Market CapMarket Cap$900 Million$900 Million
Bruce ChannelBruce Channel
Red Lake Gold MinesWorld’s highest-grade gold mine
+27 Million ounces of gold
- Gold Mine
RLGM
RED LAKE GOLD RED LAKE GOLD PROJECTS:PROJECTS: Similar Geological setting as the Red Lake Gold Mine: - Folded ultramafic rock unit(s) within Balmer Assemblage - ‘D2’ Shear structures – conjugate faulting - Little modern exploration in this part of the camp
RED LAKE GOLD RED LAKE GOLD PROJECTS:PROJECTS: Similar Geological setting as the Red Lake Gold Mine: - Folded ultramafic rock unit(s) within Balmer Assemblage - ‘D2’ Shear structures – conjugate faulting - Little modern exploration in this part of the camp
PK
BK
N
Unconformity
Lennie100%
Rubicon F2Rubicon F2
Rahill-Bonanza JV
East Bay JV
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RAHILL-BONANZA JVRAHILL-BONANZA JV
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WIDE OPEN FOR EXPANSION- Potential for large bulk-tonnage deposit - + 500,000 oz historic resource
- Potential to be the part of the early mine planning in the area
WGD
13L
20L
PG09068A12.5g/t Au – 4.5m
PG07005 – WGD4.12g/t Au – 4.1m2.93g/t Au – 4.3m
10 & 23g/t Au intersectionsUp-dip from the Bruce
Channel Deposit?
100mLongitudinal Section
PG09070NEXT
Hig
h-G
rad
e Z
on
e?
Wilmar Gold Mine203,256 t mined @ 10.3g/t Au (Open)
PG07015W49.1g/t Au – 6.0m
Incl. 49.0g/t Au – 1.0 m
PG07018W65.2g/t Au – 2.8m
PG07018W114.2g/t Au – 5.0 m
Incl. 59.09g/t Au – 1.0m
East Breccia ZoneMined grade 14g/t Au
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RAHILL-BONANZA JVRAHILL-BONANZA JV
GRADE COMPARISON – WGZ vs Bruce Channel GRADE COMPARISON – WGZ vs Bruce Channel DepositDeposit (Taken from final two Gold Eagle Releases)(Taken from final two Gold Eagle Releases)
WGZ (from one hole drilled)WGZ (from one hole drilled) * *Bruce Channel (from 8 holes Bruce Channel (from 8 holes drilled)drilled) 12.5 g/t Au over 4.5 m 12.5 g/t Au over 4.5 m 13.13 g/t Au over 4.5 13.13 g/t Au over 4.5 m m
17.07 g/t Au over 2.4 m17.07 g/t Au over 2.4 m
((HIGH GRADE PORTION)HIGH GRADE PORTION)
21.1 g/t Au (0.62 oz/t) over 0.5 m 47.7 g/t Au (1.39 oz/t) over 0.8 21.1 g/t Au (0.62 oz/t) over 0.5 m 47.7 g/t Au (1.39 oz/t) over 0.8 mm107.2 g/t Au (3.13 oz/t) over 0.5 m 225.0 g/t Au (6.56 oz/t) over 0.3 107.2 g/t Au (3.13 oz/t) over 0.5 m 225.0 g/t Au (6.56 oz/t) over 0.3 mm
(DEPTH OF INTERCEPTS)(DEPTH OF INTERCEPTS)
900 meters 900 meters 1,375 - +2,200 1,375 - +2,200 metersmeters
((* Gold Eagle - July 16 & Aug. 12, 2008* Gold Eagle - July 16 & Aug. 12, 2008))
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Approximately 5km of the “MINE TREND” on Rahill-Bonanza
Rahill – Bonanza JVGoldcorp 51%Premier 49%
20.79M tons11.75M oz0.565 opt
CampbellComplex
10.68M tons7.40M oz0.693 opt
Red LakeComplex
Formerly
WDZ
Surface Drilling Limit
High Speed Tram
Wilmar Marcus CraibieFletcher
BonanzaDeposit
WG
Z D
epo
sit
Bruce Channel Discovery
PG09068A12.5g/t Au – 4.5m
RAHILL-BONANZA JVRAHILL-BONANZA JV
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EXCEPTIONAL INVESTMENT VALUE VERSUS PEERS:- Least shares outstanding - Best-value market capitalization
0100200300400500
600700800900
1000
Share o/s
Mkt CapMIL
LIO
NS
San Gold Rubicon Lake Shore* Premier
THE PREMIER DIFFERENCETHE PREMIER DIFFERENCE
*Post-acquisition of West Timmins*Post-acquisition of West Timmins
HARDROCK PROJECTHARDROCK PROJECT
NN ew Gold Discoveryew Gold Discovery33.33 oz/ton over 6.6 feet33.33 oz/ton over 6.6 feet13
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2000 feet
4000 feet
6000 feet
8000 feet
Surface
Hardrock
HARDROCK PROJECTHARDROCK PROJECT
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PROJECT HIGHLIGHTS:HIGH-GRADE DISTRICT - Historical production: +4 million ounces of gold - average grade +12g/t Au
RELATIVELY SHALLOW - Mining depths of 2000 feet – zones remain open below mine workings
- MULTI-MILLION OUNCE POTENTIAL - HUGE EXPLORATION/EXPANSION POTENTIAL
MINING OPTIONS - Potential for both open pit and underground operations.
- 3 drills operating with the goal of a NI43-101 resource in 2009.
PLAN VIEW of Geologyand DDH collarsHardrock Project
Premier Gold Mines Limited
200 m
Oreo Zone
SP Zone SP Zone
N
New North Zone
HWY 11
HWY 11
EASTEAST PITPIT
TENACITY ZONETENACITY ZONE
PORPHYRY HILL PORPHYRY HILL PITPIT
EP-ZONEEP-ZONE
Original Conceptual Pit Design
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Geology map from Horwood and Pye, 1951
Plan View
N
HARDROCK PROJECTHARDROCK PROJECT
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HIGH GRADE IN EP10533.3 OZ/TON OVER 6.6 FEET
50 m
NEW Pit Concept
Historical – Porphyry Hill Pit Zone
Strike length: 700mDepth: +150m
EP0795.2 g/t Au – 37.0m
EP08019.0g/t Au – 11.3mEP074
NL Zone6.7g/t Au – 14.0m
EP0981.1g/t Au – 40.0m
EP-ZONE – Defining a high-grade open pit deposit
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HARDROCK PROJECTHARDROCK PROJECT
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EP-ZONE – Excellent Expansion Potential
Longitudinal Section Looking North
EP0447.6 g/t Au – 20.5m
EP0795.2 g/t Au – 37.0m
Section 4800ESouth Limb
EP04510.7 g/t Au – 5.1m
EP08019.0 g/t Au – 11.3m
EP0463.7 g/t Au – 15.6m
EP0813.6 g/t – 11.0m
EP0746.7 g/t Au – 14.0m
Strike length: 700mDepth: +150m
50 m
EP0981.1g/t Au – 40.0m
OPEN
EP1051,141.5 g/t Au – 2.0 mFrom 382.1 to 384.1 m
EP105
HARDROCK PROJECTHARDROCK PROJECTEP-ZONE – Following up new high-grade
EP1051,141.5 g/t Au – 2.0 mFrom 382.1 to 384.1 m
N
Plan View
6th LEVEL
At 300 m below surface
50 m
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South Porphyry Zone (SP)291,428 tons @ 0.24 opt recovered (8.23 g/t Au)
for ~70,000 ounces of Gold
500 m
MM066.74 g/t - 7.0 m
MM056.63 g/t - 28.1 m
Incl.17.14 g/t – 6.0m
1990’s ddh7.76 g/t - 21.6 m
MM046.36 g/t - 4.4 m
MM06 - HGV36.22 g/t – 2.2m
Hardrock 3D Model in Long Section View
Underground Resource Delineation
7th Level - HGV112.5 g/t – 1.2m
10th Level - HGV39.1 g/t – 1.2m
EP-ZONE
13th Level - HGV88.5 g/t – 1.5m
2.146 Million Ounces of historic production
MM10, 11, 13, 16, 18, 19, 22
New Intercepts
West Zone532,254 tons @ 0.23 opt recovered (7.85 g/t Au)
for ~122,000 ounces of Gold
HARDROCK PROJECTHARDROCK PROJECT
MM146.60 g/t – 32.6 m
NN ZoneNew Intercepts incl.:
8.20g/t Au – 6.2m8.25g/t Au – 7.3m
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HARDROCK PROJECTHARDROCK PROJECT
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- Located within the full-service community of Geraldton.
- Access to natural gas, power, & the Trans-Canada highway.
- Made in Canada!!
INFRASTRUCTURE
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PQ-NORTH PROJECTPQ-NORTH PROJECT
PQ NORTH PROJECTPQ NORTH PROJECT(100% Owned)(100% Owned)
Located along the main iron formation that hosts the multi-million Located along the main iron formation that hosts the multi-million ounce Musselwhite Gold Mine (Goldcorp) in NW Ontario – annual ounce Musselwhite Gold Mine (Goldcorp) in NW Ontario – annual
production +200,000 oz.production +200,000 oz.
TWO NEW DISCOVERIES IN INITIAL DRILL PROGRAM!!TWO NEW DISCOVERIES IN INITIAL DRILL PROGRAM!!
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GRADE COMPARISON: T-Antiform (initial deposit) – 5.1 g/t Au (Musselwhite Mine) Esker Deposit – 5.5 g/t Au
PQ Deeps Deposit – 8.7 g/t Au
PREMIER DISCOVERY HOLES: PQ Limb – 10.2 g/t Au Upper I.F. – 10.2 g/t Au
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PQ-NORTH PROJECTPQ-NORTH PROJECT
PQ Limb Discovery
PQ09006 – “Upper” IF10.24 g/t Au / 5.1m
PREMIERGOLDCORP
MUSSELWHITEGOLD MINE
Goldcorp Inc.
Mine extension discovery15.5g/t Au / 4.1m
- Major, untested “break”- D2 Shears and Qtz Veining
PREMIER 100%
Strategically located on the main Musselwhite structure
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2 NEW DISCOVERIES MADE IN INITIAL DRILLING
100% Premier Gold
Goldcorp’s Musselwhite Mine and Deposit
Goldcorp’s Winter Drill Program Proximal to Premier’s PQ North Property
Aerial View of the PQ North Property looking south
Approximate 300 m distance
PQ-Limb10.24 g/t Auover 1.8 m
Upper I.F.10.25 g/t Auover 5.1 m
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PQ-NORTH PROJECTPQ-NORTH PROJECT
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EXPLORATION TARGET - Extension of Musselwhite Mine horizon - Mineralization along untested PQ Limb
NOTE INCREASE IN OUNCES AS EXPLORATION MOVES NORTH ON THE
PQ LIMB
Thickeningof host IF
Northern extent ofsurface drilling (2008)
- The PQ Limb is completely untested on Premier’s ground
PQ-NORTH
15.5g/t Au – 4.1m
PQ
T-AntiformAvg. grade 5.1g/t Au
EskerAvg. grade 5.5g/t Au
PQ-DeepsAvg. grade 8.7g/t Au
MusselwhiteGold Mine
1 Million ounces per kilometer 2 Million ounces per kilometer
2009 Surface Drilling
Esker NorthJets
MooseThunderwolves
Goldcorp Premier
Upper I.F.10.2g/t Au
5.1m
500mN
PQ NORTH PROJECT - 2 Discoveries in initial drill program!! - Drilling to continue throughout 2009
LONGITUDINAL SECTION
Untested
PQL Zone10.5g/t Au – 3.7m
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PQ-NORTH PROJECTPQ-NORTH PROJECT
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Applying Regional Magnetics to EXPLORATION MODEL Applying Regional Magnetics to EXPLORATION MODEL
Boundary
100 m
‘D2’ Shears
PQ0900910.25 g/t over 1.8m
100 m
N PQ North PropertyPQ North PropertyPLAN VIEWPLAN VIEW
PQ090124.31 g/t
over 3.2m
PQ090167.40 g/t
over 2.0m
PQ090226.74 g/t
over 3.0m
PQ0902310.52 g/t over 3.7m
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PQ-NORTH PROJECTPQ-NORTH PROJECT
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PQ0902310.52 g/t over 3.7m
100 m
PQ090226.74 g/t
over 3.0mPlunging Corridor
‘D2’ Shears
CROSS SECTIONCROSS SECTIONLooking NWLooking NW
Perpendicular to D2Perpendicular to D2
‘D2’ Shears
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MULTIPLE CATALYSTS FOR REALIZING FUTURE GROWTH:
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- Continued Exploration and expansion Success at Hardrock.
- NI43-101 compliant resource for Hardrock by year end.
- Continued success in Red Lake – including resource development proximal to new mine infrastructure.
- CURRENT drill testing of the potential Bruce Channel extension.
- Discovery potential at Lennie Red Lake.
- Expanding recent high grade gold discoveries at PQ North.
- Drill testing the 3 main structural targets at PQ North.
- Strong share structure positions Premier to pursue growth opportunities.
THE PREMIER DIFFERENCETHE PREMIER DIFFERENCE
Premier Gold Mines Limited
Premier Gold Mines Limited
A World of Opportunity- Proven Management – Proven Districts – Safe Jurisdictions -
September 2009 PresentationSymbol: PG Exchange: TSX28
London Global Mining Investment Conference
Stationers Hall, London
Wednesday 30th September 2009
www.ObjectiveCapitalConferences.com
Stephen McGibbon
VP & COO
Premier Gold Mines
Stephen McGibbon is a Professional Geologist with over 23 years of exploration, mine production and management experience. He graduated from Queen’s University at Kingston, in 1983 with a Bachelor of Science degree in Geological Sciences. Upon graduation in 1983, and prior to his tenure as Exploration Manager, Mr McGibbon held positions of increasing responsibility in Red Lake with Goldcorp Inc and its predecessor companies Goldquest Exploration Inc. and Dickenson Mines Limited, leading to Chief Geologist in 1995. Since 2001, and until June of 2006, he has served as Exploration Manager for Goldcorp Inc., at its flagship Red Lake Mine operation. His focus in Archean terranes and experience with shear-hosted, lode gold deposits dovetail very well with Premier’s current assets.