- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Premium Exploration Inc. (TSX:PEM,OTCQX:PMMEF) will not proceed with the contemplated short form prospectus offering of up to $7.5 million as the technical report is not compliant under National Instrument 43-101.
As quoted in the press release:
To address the concerns raised by the BCSC about the Report and the resource estimates contained therein for the Friday-Petsite Zone, the Company has engaged an additional independent qualified person to assist in the update of the Report to bring it into compliance as soon as practicably possible. Accordingly, the new qualified person will review the input database, the assumptions, parameters and methods used to estimate current mineral resources and will revise the estimates as necessary. In addition, other steps will also be taken to make the Report compliant, such as:
• including complete information about other additional contiguous parts of the Idaho Gold Property,
• removing the zero cut-off grade estimates from the mineral resource tables,
• additional descriptions regarding cross-sectional widths of the Friday-Petsite deposit, representative drill sections through the Friday-Petsite deposit showing spatial relationships of the mineralized drill intersections and composite assay results, and additional explanations regarding geological modelling and classification of indicated resources,
• removing references to a previous report (noted as “Tellurian, 2011”),
• providing further discussion as to the form and condition of legacy drill data, and the steps the author took to verify suitability for inclusion in the resource estimates,
• amending references to historical estimates for the Buffalo Gulch and Deadwood zones for compliance with NI 43-101 for referencing of historical resource estimates, including the appropriate cautionary language, and
• removal of disclaimers of responsibility and restrictions on use and reliance which are not compliant with NI 43-101 requirements.
Click here to read the Premium Exploration Inc. (TSX:PEM) press release
Click here to see the Premium Exploration Inc. (TSX:PEM) profile.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.