PEM's Pet Project

The Northern Miner (11/02/2010)
"Premium Exploration is finding more gold at its Friday-Petsite gold project in Idaho. The latest round of results come out of its 10,000-meter phase-three program on the Main Zone where one hole returned 1.1 grams gold over 41.5 meters and 1.2 grams gold over 81.1 meters. The drilling is being done with an eye toward developing what Premium calls "the Lower Block" of mineralization which is adjacent to and beneath the initially modeled deposit. Two other holes were drilled to the west of the Lower Block hole, and returned 2.9 grams gold over 73.5 meters including 10.6 grams gold over 17.2 meters and 1 gram gold over 83.4 meters including 3.5 grams gold over 2.2 meters. The Vancouver-based company is drilling to see if the three zones at the site—the Main Zone, the North Zone, and the South Zone—are connected. If they are, the company says it will be able to double the pre-drilling model size long strike and at depth."

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