The Conversation (0)
Premium Exploration Inc. (CVE:PEM) reports initial results of its potential mineralized structures at the Idaho gold project in north-central Idaho, USA.
The press release is quoted as saying:
Results of the IP surveys in the Buffalo Gulch and Deadwood Zones reveal potential mineralized feeders at depth and indicate similar structural geometry to the Friday Fault located 15 km to the south, along which the Friday-Petsite inferred gold resource of 549,000 oz is located (15 Mt @ 1.1 g/t Au with 0.5 g/t Au cut-off).
Premium Exploration’s VP Exploration, Mike Ostenson says:
“The IP anomalies display potentially mineralized structures at depth in the Buffalo Gulch and Deadwood Zones which will be drill tested in the 2011 Phase-4 drill program.” “This is very significant as the anomalies share similarities with the Friday-Petsite deposit where high-grade structurally controlled mineralization was discovered at depth. We have only scratched the surface of this project’s growth potential; it’s going to be an exciting and prospective year for our shareholders.”
Click here to access the entire news release.