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Premium Exploration Funded for District-Wide Exploration of Emerging Gold District in Idaho
Apr. 26, 2011 08:52AM PST
Gold InvestingPremium Exploration Inc. (CVE:PEM) reports that it has received gross proceeds of $2,143,500 from the exercise of 7,145,000 warrants.
The press release is quoted as saying:
The proceeds from the warrant exercise will supplement the Company’s current working capital position and will be used to fund exploration work on Premium’s flagship property, the Idaho Gold Project.
Premium’s President and CEO, Del Steiner says:
“The warrant exercise completes the funding for the $7,000,000, Phase-Four Exploration Program, which includes the first district-wide +25,000 meter drill program along the Idaho Gold Project.”
“Two drills are active, utilizing Premium’s “Proven Exploration Strategy” to discover multiple near-surface gold resources along the +30 km trend, and ultimately developing this emerging gold district in Idaho.”
Click here to access the entire news release.
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