Premium Exploration Makes Multiple New Gold Discoveries at Idaho Gold Project

- December 1st, 2011

Premium Exploration Inc. (TSXV:PEM,OTCQX:PMMEF) announced that the first six of nine holes drilled in the 35 km2 Deadwood Zone have resulted in four widely-spaced gold discoveries in host rocks identical to the Friday Zone.

Premium Exploration Inc. (TSXV:PEM,OTCQX:PMMEF) announced that the first six of nine holes drilled in the 35 km2 Deadwood Zone have resulted in four widely-spaced gold discoveries in host rocks identical to the Friday Zone.

As quoted in the press release:

These discoveries are located 12 km north of the Friday Zone, which hosts a current NI 43-101 compliant resource of 343,000 oz indicated (11.8 Mt @ 0.90 g/t Au) and 879,000 oz inferred (26.4 Mt @ 1.04 g/t Au) at a 0.5 g/t cut-off along 1,400m of a 5,000m coincident geophysical and gold-in-soil trend.

Premium Exploration VP for Exploration, Michael Ostenson, said:

“We are very pleased to have confirmed the existence of the regional gold bearing system in multiple locations at Deadwood. The discoveries confirm we are on track with our exploration strategy and provide us with an excellent starting point for follow-up drilling to unlock Deadwood’s potential.”

Click here to read the Premium Exploration Inc. (TSXV:PEM,OTCQX:PMMEF) press releaseSee this press release on Marketwire
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