Premium Exploration Inc.: Shareholder Update

Premium Exploration Inc. (TSXV: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.

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