Thursday, June 16, 2011

Industry Watch: Premium Exploration takes positive steps towards proving up Gold District in Idaho

Al talks with Mike Ostensen, VP Exploration for Premium Exploration, about their recent press release on their updated gold resource in Idaho.

From the press release:

May 31st, 2011, Vancouver, British Columbia: Premium Exploration Inc. (TSX-V:PEM) ("Premium" or "the Company") is making gold discoveries. The Company's goal is to discover multiple deposits along its 30 km property, an emerging gold district in Idaho, USA.

The Company is pleased to announce drill results and the 4th gold discovery. The discovery is 20 km along strike to the north from the initial discoveries on the Idaho Gold Project.

Highlights * Gold mineralization encountered in two zones 20 km apart along a 30 km regional gold trend utilizing the same geological model & exploration strategy * Both mineralized zones are interpreted to be associated with the 30 km regional gold trend * Buffalo Gulch Zone comprises 4 km of a 12 km gold-in-soil trend that correlates with the 30 km regional gold trend

To read the full release and learn more visit:

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