Premium Exploration Inc TSXV:PEM announced assays from its Friday-Petsite Gold Project in Central Idaho. Results include 0.8 g/t gold 370.9 metres (including 1.5 g/t over 134.3 metres and 2.5 g/t over 47.3 metres), and 1 g/t over 36.5 metres.
VP Exploration Michael Ostenson commented, “The focus of the Phase Three program was to double the down-dip extent of the current Upper Block inferred resource to a vertical depth of approximately 300 metres and march along strike, essentially doubling the Main Zone footprint. With that achieved we are looking forward to the updated resource estimate and continued strike length development beyond the known zones of mineralization at Friday-Petsite resource. Phase Three developed a proven exploration strategy at the Friday Project with the discovery of the Monday Fault mineralization. We look forward to applying the strategy to the balance of the OSZ to make new discoveries.”
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by Ted Niles