Gold

Premium Exploration Inc. (CVE:PEM) reports results and highlights from the 25,000 m drill program.

Premium Exploration Inc. (TSXV:PEM) reports results and highlights from the 25,000 m drill program.

The press release is quoted as saying:

The Company is pleased to announce results and highlights from the 25,000 m drill program currently underway:

  • Increased the mineralized strike length of the Main Zone/Lower Block Zone 85 m north and 265 m south, for a total mineralized strike length of 1,150 m, a 44% increase since the start of Phase-Four
  • Drill highlights include PFR2011-8: 1.0 g/t gold over 117.7 m including 2.9 g/t gold over 9.1 m
  • Three drills are active on the property; one at the Friday Zone and two in the highly prospective Deadwood Zone
  • 3,209.3 m (13%) of the 25,000 m program is now reported, with 6,220.6 m (25%) drilled to date

Premium’s VP of Exploration, Michael Ostenson says:

“The 44% increase in the strike length of the Main Zone to the north and south demonstrates the additional size potential of the Friday Deposit along strike.” “This provides the Company with a framework to return with tighter spaced infill drill-holes, where we can drill to the west across mineralization in an effort to delineate the width of the mineralization.”

Click here to access the entire news release. 

Click here to access Premium’s company profile.(TSXV:PEM)

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