Large-Scale Drill Program At The Getchelln Project

RENO, NV - Premier Gold Mines Limited reported that a large-scale drill program, with more than 20,000 meters of surface and underground drilling planned, has commenced at the Company's Getchell Project in Nevada. The Getchell Project hosts both open pit and underground resources and is strategically located proximal to Nevada Gold Mines' Twin Creeks and Turquoise Ridge mines at the north end of the Battle Mountain-Eureka Trend at its intersection with the Getchell gold belt in Nevada. The resources at Getchell include 1.464 Million ounces of gold in the Measured and Indicated category and 0.646 Million ounces in the Inferred category.

The primary goal of the 2021 drill program is to advance the Pinson underground and open pit opportunities to production. Two underground drill rigs will be mobilized, once underground platforms are upgraded, focused on delineating sufficient resources for near-term development. Initial surface drilling will test near-surface mineralization for metallurgical purposes and open pit definition. The program will also include step-out drilling in an effort to grow mineral reserves and resources.

Matt Gili, President and Chief Operating Officer of i-80, said, "Advancing the Getchell Property will be the Company's primary focus for 2021, with a substantial drill program planned to support mine studies and expand our mineral resources on the property. The goal for our team this year will be to complete a PEA on the property as quickly as possible, which will drive our decision making and planning for an upgraded economic study once this year's drill program is completed."

The Getchell Project represents one of i-80's three core land holdings in Nevada and is host to both open pit and underground resources. The Pinson project is host to a high-grade underground resource that includes 190,000 ounces of gold, Measured & Indicated (563,000 tonnes at 10.49 g/t Au) and 581,000 ounces Inferred (1,520,000 tonnes at 11.90 g/t), making it one of the highest-grade, and fully permitted gold deposits in North America. Permitting activities will be initiated in addition to drilling and metallurgical work on the open pit deposit area that hosts a Measured & Indicated resource of 1.275 M ounces of gold (20,460,000 tonnes at 1.95 g/t Au).