Premium Exploration Initiates Phase-Three Drill Program

- April 15th, 2010

Premium Exploration Inc. (TSX VENTURE:PEM) reported that the Phase-Three drill program has been initiated for the exploration and development of the Friday-Petsite resource located on the Orogrande Shear Zone in central Idaho, USA.

Premium Exploration Inc. (TSX VENTURE:PEM) reported that the Phase-Three drill program has been initiated for the exploration and development of the Friday-Petsite resource located on the Orogrande Shear Zone in central Idaho, USA.

The press release is quoted as saying:

The program is designed to delineate the target mineralization adjacent to the existing 549,000 oz gold resource with the goal of increasing the size of the resource and upgrading the resource categories. Currently, the Friday-Petsite project represents approximately 4% of the strike length of the Orogrande Shear Zone.

Click here to access the entire press release

2 responses to “Premium Exploration Initiates Phase-Three Drill Program

  1. Hmmm, when it comes to some likely future winners that have the desired heavies, Great Western and Ucore are the top two players on my radar and trading at deeps discounts to peers. Once people realize that some of the better known names are heavy with the LREE’s, and light with the HREE’s and we could see these two run nicely. Particularly as GW nears complete vertical integration, as well as Ucore possibly attracting suitors. Both of these companies have been listed as strategic resources, whether civilian or governmental future uses. So, imo, they look to be solid plays on not what is, but likely, what will be, we’ll see.

  2. Hmmm, when it comes to some likely future winners that have the desired heavies, Great Western and Ucore are the top two players on my radar and trading at deeps discounts to peers. Once people realize that some of the better known names are heavy with the LREE’s, and light with the HREE’s and we could see these two run nicely. Particularly as GW nears complete vertical integration, as well as Ucore possibly attracting suitors. Both of these companies have been listed as strategic resources, whether civilian or governmental future uses. So, imo, they look to be solid plays on not what is, but likely, what will be, we’ll see.

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