Premium Exploration Inc PEM:CA announced drill results from the Main Zone of its Friday-Petsite Gold Project in central Idaho. Assays include 1.5 g/t gold over 330.4 metres (including 7 g/t over 34.4 metres) and 0.6 g/t over 345.7 metres (including 1 g/t over 38.4 metres and 1 g/t over 39.3 metres).
VP Exploration Michael Ostenson said, “Both drill holes will add significant ounce potential to the updated resource estimate and Premium is optimistic that it can reach its corporate objectives of increasing its current resource base with the completion of the Phase-Three drill program. Phase-Four exploration will be designed to make new discoveries and to continue the development of the Friday-Petsite bulk tonnage deposit while following up on the high-grade mineralized zone encountered in Phase-Two and Three drilling.”
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by Ted Niles