Premium Exploration Announces Increase in Mineral Resource for Friday Deposit
Premium Exploration Inc. (TSXV:PEM,OTCQX:PMMEF) announced an increase in both the grade and the ounces of gold estimated in the Indicated and Inferred categories for the Friday Deposit in the Idaho Gold Property, as announced by joint venture partner Logan Resources Ltd.
As quoted in the press release:
The updated resource estimate at a 0.45 g/t Au cut-off increases the Friday Deposit to:
Indicated: 647,000 oz (20.1 Mt @ 1.0 g/t Au) from 629,000 oz (21.5 MT @ 0.91 g/t Au & 0.4 g/t cut-off)
Inferred: 590,000 oz (20.9 Mt @ 0.88 g/t Au) from 146,000 oz (5.9 MT @ 0.77 g/t Au & 0.4 g/t cut-off)