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To: LoneClone who wrote (30891)	1/7/2009 12:28:39 PM
From: LoneClone	Respond to of 194001

Bright outlook for H1 gold price Lauren Cole Posted: Tue, 06 Jan 2009 miningmx.com [miningmx.com] -- Demand, and ultimately, the price of gold in 2009 will depend largely on the economic performance of the US and Europe in a global economic environment that is riddled with uncertainty. “Everyone is saying that it’s a good year for gold,” said VM Group analyst Matthew Turner. RBC Capital Markets analyst Leon Esterhuizen agrees the gold price should gain, but that it is not expected to go much higher as demand is currently depressed, particularly demand for gold jewellery. Esterhuizen, who reckoned gold prices have increased in the first quarter seven out of 10 years, expects them to move up from current levels around $870/oz to $900 by end-March. Click Here to subscribe to our daily newsletter This compares favourably with Fairfax’s estimate of $885/$890 for the end of the first quarter. Thereafter, gold is expected to be seasonally weak in the second quarter, in line with a fall in manufacturing demand. Manufacturing offtake comprises a relatively large component of overall gold demand, and tends to be softer mid-year as demand for festivals such as Christmas and the Lunar New Year fall away. Fairfax Securities analyst John Meyer doesn’t believe that gold prices will be "oversold in 2009", with the commodity expected to average $850 in the first six months of the year, and prices expected to touch $1,000 per ounce by year-end. Investment demand for gold is not expected to be that good in the first half of 2009, especially in the second quarter. Whilst the US dollar has been volatile, it has, nevertheless, proved resilient though the global economic crisis, as a result of which, investors have parked money in US bonds as one of the safer investment options. According to Meyer, there will be a balance between the latter and the need to weaken the dollar to stimulate growth. Demand for and, ultimately, the price of gold, will be dependent on external factors, notably the performance of the US and European economies. VM Group, which brings out its gold price forecast later this week, anticipates a recovery in the US in the second half of 2009 as this is what has traditionally happened in previous times of recession. This may lead to increased interest rates in the US, which will have a negative impact on the investment demand for gold. Nevertheless, an increase in economic activity towards the end of 2009, early 2010 should ultimately be good for gold demand, notably jewellery demand, which will, in turn, have a positive commodity price effect.

To: LoneClone who wrote (30891)	1/7/2009 12:35:02 PM
From: LoneClone	Read Replies (1) \| Respond to of 194001

Premier - Sutter releases additional high grade gold at Santa Teresa including 16.68 gpt (0.49 opt) across 3.1 metres Wed Jan 7, 9:28 AM ca.news.finance.yahoo.com Shares Issued: 77,565,179 THUNDER BAY, ON, Jan. 7 /CNW/ - PREMIER GOLD MINES LTD (TSX: PG.TO) is pleased to release the remaining assay results from its initial 32-hole Phase One program drilled at the Santa Teresa Concession in Baja California, Mexico. These new results, with intercepts as high as 21.10 grams per tonne (gpt) or 0.62 ounces per ton (opt) gold across 1.35 metres (m), and 16.68g/t across 3.1m continue to demonstrate the potential of this underexplored district. Results to date confirm the following: - Drilling has discovered multiple high-grade veins up to 260 metres along strike from the historic Princessa Gold Mine, whose average production grade exceeded one ounce per ton. - Results include multiple intercepts in excess of 34.00 gpt (about 1.00 oz/ton) gold between one and three metres within the Princessa structure. - Twenty-three significant intercepts with length weighted average in excess of 35.00 gpt. - Structures remain open in all directions The Santa Teresa Project is located adjacent to and on strike from the past-producing Princessa Mine (the district's largest gold producer), which was mined to a maximum depth of only 110 metres, and whose ore body was known to extend close to the northern boundary of the Santa Teresa Property. Gold production at El Alamo, a 16-kilometre long district, was halted at its peak owing to technological and political circumstances early in the 20th century. Since then, only minimal exploration has taken place, presenting a unique opportunity for Premier and its joint venture partner Sutter Gold Mines Inc. (TSX-V: SGM.V). Premier has secured the right to earn up to a 65% interest in the Santa Teresa Project from Sutter. "In all, our Phase One program had 23 intercepts drilled that were greater than 5.00 grams per tonne across no less than one metre, and the length weighted average of those exceeded 35.00 grams per tonne," commented Stephen McGibbon, Executive Vice-President & COO of Premier. "Recent drilling with more tightly patterned holes helped us better understand the nature and distribution of gold within this system." Premier and joint venture partner Sutter Gold Mines Inc. (TSX-V: SGM.V) continue to regard expansion of their interests at El Alamo as a priority for 2009. Table 1 includes all assay results greater than 2.00 gpt gold for holes ST024 to ST032, with assay results greater than 10.00 gpt highlighted in astericks. Several of these contained visible gold upon visual inspection of the core. Drill holes ST024-029 were drilled to test the South structure, while holes ST030-032 tested the main Princessa structure. Table 1 Significant Results ST024 To ST032 ------------------------------------------------------------------------- GRADE GRADE HOLE-ID ZONE SECTION FROM TO LENGTH (GPT) (OPT) COMMENTS ------------------------------------------------------------------------- ST024 190 SE 205.3 206.3 1.00 4.50 0.13 ------------------------------------------------------------------------- ST024 212.3 213.4 1.10 5.43 0.16 ------------------------------------------------------------------------- ST025 490 SE ALL ASSAYS less than 2.00 GPT ------------------------------------------------------------------------- ST026 440 SE 142.0 143 1.00 8.90 0.26 ------------------------------------------------------------------------- ST027 490 SE 50.0 51 1.00 4.38 0.13 VG ------------------------------------------------------------------------- ST028 540 SE 45.0 46 1.00 3.46 0.10 ------------------------------------------------------------------------- ST028 101.0 102 1.00 2.40 0.07 ------------------------------------------------------------------------- ST029 540 SE ALL ASSAYS less than 2.00 GPT ------------------------------------------------------------------------- ST030 50 SE 81.2 82.2 1.00 2.60 0.08 ------------------------------------------------------------------------- ST030 PRINCESSA 101.4 104.5 3.10 16.68 0.49 VG ------------------------------------------------------------------------- ST031 50 SE ALL ASSAYS less than 2.00 GPT ------------------------------------------------------------------------- ST032 75 SE 127.2 128.2 1.00 3.08 0.09 ------------------------------------------------------------------------- ST032 132.0 133 1.00 3.97 0.12 ------------------------------------------------------------------------- ST032 PRINCESSA 152.65 154.0 1.35 21.10 0.62 VG ------------------------------------------------------------------------- ALL SIGNIFICANT ASSAYS GREATER THAN 2.00 GPT *INTERCEPTS GREATER THAN 10.00 GPT True widths estimated between 50-75% of intersection width The Santa Teresa Project is accessible by road, and is located approximately 100 kilometres southeast of Ensenada and about 250 kilometres south of San Diego, California, USA. A total of some 7,000 metres (22,800 feet) in 32 holes were drilled on Santa Teresa in 2008. Premier is attracted to the El Alamo District because of a unique history of high mined grades, but little modern exploration. The properties being explored by Premier and Sutter are: - Located within a proven (some 220,000 ounces of past production) gold district. - Historical data indicates that mined grades within the district are between 1.00 and 2.00 ounces per ton (opt). - The majority of district production occurred within 120 metres of surface, but remains open at depth. - Geologically similar to the historic Mother Lode District of California. Stephen McGibbon, P.Geo., Executive Vice-President and Chief Operating Officer of Premier, is the qualified person for the information contained in this press release and is a Qualified Person within the meaning of National Instrument 43-101. A stringent QAQC program utilizing blanks, standards and replicates has been developed by Mark Payne, Consulting Geologist, for the STC joint venture. All sample prep and analysis is being conducted by American Assay Laboratories Inc. of Sparks, Nevada utilizing conventional 1 assay-ton fire assay and 500-gram screen metallic methods. The statements made in this Press Release 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 and projections. Contacts Ewan Downie President & CEO Phone: (807) 346-1390 Fax: (807) 346-0100 E-mail: info@premiergoldmines.com Web Site: premiergoldmines.com