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Message: Re: Time to keep an eye on PEM

Feb 28, 2011 12:25PM

Feb 28, 2011 02:54PM

Feb 28, 2011 06:43PM

Feb 28, 2011 10:44PM

Actually no it's not, you might have missed the dip and direction of the drilling.

20 and 22 were drilled at a -55 dip and hole 25 at a -45 dip

You are dealing with down hole depth, not vertical depth. These were step out exploratory holes 900 meters along strike and they hit becoming a new discovery, likely connected. Vertical depth no deeper than 317 meters but the significance is the hit the lower block of gold 900 meters away.

"The Monday Zone represents our third major gold discovery on the Idaho Gold Project and confirms that our exploration strategy of drilling structure identified with geophysics is successful," stated Michael Ostenson, VP Ex of Premium Exploration. "The Idaho Gold Project is host to multiple structures with coinciding gold-in-soils and our plan for the 2011 Phase-Four exploration program is to methodically drill test as many of these targets as possible as well as expand the Friday-Petsite resource along strike and at depth."

Monday Fault Zone Drill Results

PFR2010_22: 2.1 g/t Au over 20.1 meters including 5.5 g/t Au over 6.4 meters and the second drill-hole to intersect the new "Monday Zone".

This is the widest step-out drill-hole to the south and was drilled west at a -55 dip successfully intercepting the new "Monday Fault Zone" along the same geophysical-structural anomaly as previously released PFR2010-19 which returned 1.4 g/t Au over 38.6 meters. PFR2010-22 is located 900 meters south of PFR2010-19 and collectively, the two holes exhibit similar alteration, mineralization, and geochemistry. Additionally, compared to the Friday Zone, the Monday Zone has elevated levels of lead, antimony, and silver (results for two over-limit greater than 100 g/t Ag samples are pending). For the cross section, please click http://bit.ly/PEMSection20_22.

The hole was completed at 818.5 meters down-hole depth terminating in anomalous gold mineralization.

Friday Fault Zone Drill Results

PFR2010-20 is a wide step-out hole at the southern end of the South Zone in the Friday-Petsite deposit and drilled west at a -55 dip. This hole encountered anomalous gold mineralization throughout its entire length and appears to have been collared too far west of Friday Fault target. Gold-in-soil and geophysical data demonstrates mineralization trending to the south-east and geologists now interpret the "Quartz Creek Fault" to have offset the Friday Fault mineralization further to the east. For the cross section, please click http://bit.ly/PEMSection20_22.

This hole was completed to a down-hole depth of 698.3 meters and encountered 0.2 g/t Au over 19.8 meters as well as 4.0 g/t Au over 0.9 meters.

PFR2010-25: 1.0 g/t Au over 17.7 meters within a broader interval of 0.5 g/t Au over 125.6 meters.

This is the widest step-out drill-hole to the north and was drilled in the North Zone of the Friday-Petsite deposit. The North Zone is now interpreted to be a splay of the Friday Fault; now interpreted to run straight north of the Main Zone of the Friday-Petsite deposit as identified by drilling and geophysics. This hole was drilled west at a -45 dip successfully intercepting down-dip mineralization beneath historic core-holes PC-20 and PC-21 which returned 1.6 g/t gold over 108.5 meters and 1.0 g/t gold over 79.6 meters respectively. Mineralization in PC-20/PC-21 starts at surface going to a vertical depth of 80 meters and PFR2010-25 confirms mineralization to be continuous to a vertical depth of 170 meters in the North Zone and remains open. For the cross section, please click http://bit.ly/PEMSection25.

The hole was completed at 330.9 meters down-hole depth and demonstrates the potential continuity of mineralization along strike and at depth.

Enough from me, people can check it now if they wish.


Feb 28, 2011 11:15PM

Feb 28, 2011 11:20PM
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Mar 03, 2011 11:18AM
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