Premium Exploration Inc. (TSX-V:PEM)
(�Premium� or the "Company�) is pleased to announce the addition of Robert
H. �Chip� Todd, P.Eng., Mark Pfau,
L.P.Geo., and Doug Parker P.Geo.,
to its engineering and geological team.
The
exploration success at the Idaho Gold Project has advanced many of the key
zones along its 30 Km strike length and in particular the Friday Zone. The
Friday Zone hosts the current 549,000 oz inferred gold resource hosted in 15 Mt
averaging 1.13 g/t gold at a 0.5 g/t cut-off (NI 43-101), which is currently
undergoing a resource estimate revision. The deposit remains open along
strike and depth, with 3.5 km of additional potential continuity that will be
drill tested in the upcoming Phase-Four Exploration Program..
Robert
H. �Chip� Todd, P..E., is a professional mine engineer
registered in Nevada, Idaho and Montana and is responsible for the Preliminary
Assessment of the Friday-Petsite Deposit. Mr. Todd
brings over 30 years of engineering; mine design, underground, open pit,
environmental permitting, operational compliance, precious metals recovery, and
refining experience. He has worked for companies such as Newmont Mining
Corp., where he supervised the engineering and design of the 1,500 tpd Deep Post underground mine constructed in the bottom of
Barrick�s Goldstrike open
pit in Carlin, Nevada. He was Project Engineer responsible for mine planning,
engineering, permitting, construction and field management for the New World
Project for Crown Butte Mine Inc (Hemlo Gold - Battle
Mountain Gold). He was also responsible for the engineering of a 20,000 tpd underground project for Noranda
Minerals Corp. (Hemlo Gold-Crown Butte Mines) and was
Chief Engineer at Borealis Mine for Echo Bay Minerals, in Hawthorne, Nevada.
Mr. Todd owns DBQ Management, LLC.
Mr.
Mark I. Pfau has been brought on board as the
Independent Qualified Person for the updated resource estimate for the Friday-Petsite Deposit. Mr. Pfau is a
career international economic geologist with 26 years experience in base
metals, precious metals, and coal. Mr. Pfau was
also involved in the original resource estimate of the Friday-Petsite Deposit for Kinross Gold Corp in 1999. He focuses
on advanced project management, resource and reserve expansion, NI-43-101
issues, and bridging the gap between exploration and production. Currently he
is engaged in copper and gold projects in the western U.S. He holds an MSc. in Geology from the
University of Idaho and a B.A. in Geography and Geology from the University of
Montana. His experience includes work throughout Latin America, central and
south-east Asia, and South Africa. He is a member of the Society of Economic
Geologists and a Registered Professional Geologist in the states of Idaho and
California; and a recognized QP under CSA NI-43-101.
Doug
Parker brings over 30 years of experience as a Hydrologist and Geologist to
Premium and will be assisting with the Preliminary Assessment specializing in
the areas of water quality, environmental engineering and permitting. He has
been the Project Manager for baseline environmental studies and facilities siting for a proposed gold mine in Idaho and is currently
the Senior Principle and Scientist of Hydrometrics, Inc., which specializes in
environmental and engineering services for a variety of mining projects in
Montana and throughout the western U.S. Projects have included permit
preparation and involvement in the environmental analysis (EIS or EA) for
Montana Tunnels, Stillwater Mining Co., Troy, Rock Creek, Montanore,
Golden Sunlight and others. Mr. Parker has extensive experience with key
mine related issues including both underground and open pit mining, water
quality, wetlands, threatened-endangered species, and expertise coordinating
with regulatory agencies. Mr.. Paker holds a M.Sc. Earth Science (Honors) from the
University of Waikato (New Zealand) and a B.A. in Geology from the University
of Montana. He is a Registered Professional Geologist in Washington, a Board
Member of Western Environmental Trade Association, and a member of the American
Society for Surface Mining and Reclamation and Montana Mining Association.
Qualified Person
The
2011 Phase-Four exploration program is being directed by Michael Ostenson, P.Geo., VP Exploration of Premium Exploration Inc. Mr. Ostenson is a Qualified Person as defined by NI 43-101. Mr.
Ostenson prepared, and approves of the content in
this release.
About Premium
Exploration, Inc.
Premium Exploration Inc. (TSX-V:PEM) is focused on gold exploration at its
district-sized land package along the Orogrande Shear
Zone (�OSZ�) in North-Central Idaho, USA; the 4th largest gold producing
country in the world. The �OSZ� is a +30 km regionally-significant trending
structure with multiple known zones of gold mineralization and is similar to
many large gold belts, like the Carlin Trend in Nevada. Armed with a proven
exploration strategy, advancing gold resources, and 30 Km of drill-ready
targets, Premium is well positioned to create shareholder value through
exploration, discovery, and the development of this emerging gold district. For
additional information, please visit us at www.premiumexploration.com.
For more information, please contact:
Mr. Del Steiner, JD.
President
Premium Exploration Inc.
(604) 682-0243
(604) 682-2499
e: dsteiner@premiumexploration.com
w: www.premiumexploration.com
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adequacy or accuracy of this release."
This press release contains certain �Forward-Looking
Statements� within the meaning of Section 21E of the United States Security
Exchange Act of 1934, and involves a number of risks and uncertainties.
Important factors that could cause actual results to differ materially from the
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of this release.
.