The Conversation (0)
Premium Exploration Inc. (CVE:PEM) reports acquiring highly prospective patented gold mining claims along the Idaho gold project; a re-emerging gold district in Idaho, USA.
The press release is quoted as saying:
The Company is pleased to announce the strategic acquisition of two parcels of private property that provide:
- Additional high-quality exploration targets within our overall footprint
- Substantial ability to simplify and expedite key permitting
- Excellent ground for infrastructure siting
The parcels are located 4 km apart and include 13 highly prospective patented mining claims in the Deadwood Zone and a 640 acre block of private property in the Buffalo Gulch Zone.
With the addition of these two parcels 11 km and 15 km north, respectively, of the 5 patented claims in the Friday Zone (100 Acres), Premium now owns three parcels of strategically located private property throughout the Idaho Gold Project. For the map, click here: https://bit.ly/PropertyAquisitionMapTopo.
Premium’s VP of Exploration, Michael Ostenson says:
“The untapped potential of the Red Elk Group claims is huge. The signs of mineralization are everywhere, in trenches, road cuts, and prospect pits. In fact, a drill has already been mobilized.”
Premium’s President & CEO, Del Steiner says:
“The strategic location of the industrial site, water right, and Section 16, provide Premium with strong infrastructure to expand exploration and the land position to advance the Idaho Gold Project to a district scale gold camp.”
Click here to access the entire news release.
