Premium Exploration Inc. (CVE:PEM) reported that it has initiated a property review of the Chrome Mountain Platinum Group Metals project, Montana, USA.
The press release is quoted as saying:
The Company has retained 100% ownership of Chrome Mountain after the expiry of a joint venture with its previous partner Beartooth Platinum Corp.
In light of a strong long-term outlook for platinum, palladium, rhodium, and base metals, Premium is re-evaluating the Chrome Mountain Property and reviewing strategic alternatives for optimizing shareholder value while focusing on the successful exploration and development of its district-sized Idaho Gold Project.
The review and positioning of the property includes work highlighted below:
- Claim status
- Plan of Operations for drilling
- Limited program of geological mapping, prospecting, and soil sampling program