Premium Exploration Completes 35% of 10,000 Soil Campaign at Unglaciated Idaho Gold Project

Premium Exploration Inc. (TSXV:PEM) reports that its aggressive 2011 soil sampling program is well underway at its Idaho gold project.

The press release is quoted as saying:

Gold mineralization at the Idaho Gold Project is associated with regional scale structures. To date:

• Approximately 20% of prospective structural targets have been systematically soil sampled, identifying 16 km of correlating gold-in-soil trends.

• Less than 1.5 km of the 16 km multiple gold-in-soil trends have been drill tested.

• 1.4 km of the sampled structural target hosts an NI 43-101 Indicated gold resource of 343,000 oz in 11.8 Mt averaging 0.90 g/t Au (0.5 g/t Au cut-off) and 879,000 Inferred oz Au in 26.4 Mt averaging 1.04 g/t Au (0.5 g/t Au cut-off).

The first area of focus for the 2011 soil sampling program is the “Lucky Strike Trend”; a consistent 1.0 km x 300 m zone of elevated gold-in-soil peaking at 265 ppb Au located approximately 5.0 km north of the known drill discoveries at the Idaho Gold Project.

Click here to access the entire news release. 

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