Phase 2 Drill Program Commences at Golden Loon Project, Southern British Columbia

Phase 2 of the diamond drilling program at the Planet Exploration Inc. (TSXV:PXI) Golden Loon project near Kamloops, southern British Columbia, has commenced and is expected to continue throughout 2012.

As quoted in the press release:

The Company will continue to test bedrock mineralization underlying the eight square kilometre gold-in-soil and bedrock target that was discovered in 2011. Drill testing of this target has returned 39.4 metres of 1.05 g/t gold, including 3.4 metres of 5.39 g/t gold in drill hole GL-11-12. Recent results suggest the Golden Loon property hosts an extensive from-surface gold-mineralized system with multiple zones and multi-kilometre strike potential.

Click here to read thePlanet Exploration Inc. (TSXV:PXI) press release