The Conversation (0)
Mar. 29, 2011 02:00PM PST
Premium Exploration Inc. (CVE:PEM) reports two drills are turning at its Idaho gold project , Central Idaho, USA.
The press release is quoted as saying:
Five zones of mineralization are known within the 30 km of potentially mineralized structure identified by geophysics, with less than 1% of the anomaly drill tested to date.
The primary focus of the Phase-Four drill program is to demonstrate the district size potential of the Idaho Gold Project by discovering and delineating new zones of mineralization: the Friday Zone currently hosts a resource of 343,000 Indicated and 879,000 oz Inferred ounces*. In addition, the Buffalo Gulch, Deadwood, Monday, and “X” Zones and the newly identified 15 km structure demonstrate the potential for additional deposits.
Click here to access the entire news release.