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    Premium Exploration Outlines 8,000m Drill Program for the Friday-Petsite Gold Resource

    Investing News Network
    Oct. 17, 2012 09:54AM PST
    Gold Investing

    Premium Exploration Inc. (TSXV:PEM,OTCQX:PMMEF) announced and outlined the 8,000 meter infill and definition drill program designed to expand the Friday-Petsite in-pit resources at the Idaho Gold Project.

    Premium Exploration Inc. (TSXV:PEM,OTCQX:PMMEF) announced and outlined the 8,000 meter infill and definition drill program designed to expand the Friday-Petsite in-pit resources at the Idaho Gold Project.

    As quoted in the press release:

    Friday-Petsite Infill Program Objectives:

    • Definition drilling for additional resources within the current 1.0 km pit-constrained Friday-Petsite resource.
    • Definition drilling within the Main Zone
    • Infill and definition drilling to connect Main & North Zone
    • Infill and definition drilling to expand the resource beyond the 1.0 km the pit-constraint.
    • Infill and definition drilling along the additional 0.7 km mineralized strike south
    • Drilling will begin within the pit-constrained resource and continue along strike to the south, following up on the additional 0.7 km mineralized footprint defined through step-out drilling in 2011 where significant upside remains to define additional resources.
    • Drilling with one reverse circulation rig is anticipated to begin early November. A total of up to 25 drill holes are planned ranging in depth from 100m to 350m.

    Click here to read the Premium Exploration (TSXV:PEM,OTCQX:PMMEF) press release

    See this press release on Marketwire
    Click here to see the Premium Exploration (TSXV:PEM,OTCQX:PMMEF) profile.

    premium explorationotcqx:pmmeftsxv:pem
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