GOLD: Agreement with Long Lake #58 First Nation for Greenstone project

[caption id="attachment_1003723682" align="aligncenter" width="531"] Planned building layout at the Hardrock property. (Image: Greenstone Gold Mines)[/caption] ONTARIO – Premier Gold Mines of Thunder Bay, Ont., and 50% partner Centerra Gold of Toronto have signed an agreement with the Long Lake #58 First Nation covering the development and operation of the Greenstone gold mine 275 km northeast of Thunder Bay. The agreement was made with Greenstone Gold Mines, the operating company. "We want to acknowledge the positive working relationship that we have had with GGM and we have an agreement that will provide our community with long term benefits, enhanced and meaningful environmental participation, business opportunities, employment and training, and financial benefits", said Veronica Waboose, Chief of Long Lake #58 First Nation. This is the first of several agreements to be negotiated between Greenstone and the local communities. The Greenstone project includes the Hardrock, Brookbank and Viper properties. Hardrock was mined from the 1930s to the 1970s. This time around, it is envisioned as an open pit and 27,000-t/d mill that will operate for 14.5 years. Premier gives the proven and probable reserves as 70.9 million tonnes averaging  g/t gold and containing 2.3 million oz. The capex requirement is $1.2 billion. Further information is posted at www.GreenstoneGoldMines.com.