Trader Tracks Stock Trade of the Week: PEM

Trader Tracks (03/25/2011)
"Premium Exploration announced initial results of the induced polarization (IP) geophysical surveys conducted along the Buffalo Gulch and Deadwood Zones at its 100%-owned Idaho Gold Project. . .IP Dipole-Dipole Highlights: High chargeability/resistivity indicates a potentially mineralized structure from surface to 300m depth; Buffalo Gulch and Deadwood exhibit similar geologic model and westerly dipping structural orientation to Friday Zone mineralization; and IP results correlate with airborne geophysics and gold-in-soil anomalies.

Technically, shares have hit the CAD$0.60 price twice. Normally, it takes three tries for the breakout and this is what we see coming next on good news, and gold rally technicals. We wrote this earlier and today (Friday), the price broke out and higher on the third try."

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