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Premium Exploration Reports New 15 km Geophysical Anomaly

Investing News Network
Mar. 29, 2011 02:00PM PST
Gold Investing

Premium Exploration Inc. (CVE:PEM) reports two drills are turning at its Idaho gold project , Central Idaho, USA.

Premium Exploration Inc. (TSXV:PEM) reports two drills are turning atĀ itsĀ 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.Ā 

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 ā€œXā€ Zones and the newly identified 15 km structure demonstrate the potential for additional deposits.

Click here to access the entire news release.

Click here to access Premium’s company profile.

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