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Premium Exploration Inc. (CVE:PEM) reports an update to its sharesholders on its ongoing phase-four 25,000 meter drill program.
The press release is quoted as saying:
Phase-Four 25,000 m Exploration Program is moving forward with success:
- The Main Zone/Lower Block of the Friday-Petsite Deposit has been extended to the south by 115m, a 15% increase since the start of Phase-Four, demonstrating the growth potential of the deposit along strike.
- Successful location of the Friday Fault trending north-northwest of the Main Zone/Lower Block, guiding step-outs along strike.
- All step-out drilling along the Friday-Petsite deposit has encountered the target to date.
- Drill highlights to date include PFR2011_5: 1.0 g/t gold over 40.5 m within 0.4 g/t gold over 267.0 m starting at surface (0.0 meters).
- Three drills are active on the property; two drills in the highly prospective Deadwood Zone.
- Only 2,348.8 m (9%) of the 25,000 m drill program have been reported while 5,445.9 m (22%) have been drilled to date.
Click here to access the entire press release.
