Premium Exploration Inc. (TSX-V: PEM) ("Premium"
or the �Company�) is pleased to announce that Mike Starogiannis of Fraser MacKenzie,
Killian Charles of Industrial Alliance, and Vishal
Gupta of Dundee Resources have initiated
research coverage on the Company.
�Dundee continues
to see potential for a large scale, bulk mining operation with one deposit
estimated to contain a total of 1.223 million gold ounces.�
�Fraser Mackenzie anticipates a likely case of 2.7
million ounces of Gold in 12 months to 18 months.�
Company Highlights Include:
- 30 km potentially
mineralized gold trend
- +25,000 m
district-wide exploration program focused on making new discoveries
underway
- Existing
resources open for expansion:
- 343,000 oz Au Indicated
� (11.8 Mt @ 0.90 g/t Au with 0.5 g/t Au cut-off)
- 879,000 oz Au Inferred
� (26.4 Mt @ 1.04 g/t Au with 0.5
g/t Au cut-off)
Premium Exploration
Inc. is focused on gold exploration
at its district-sized Idaho Gold Project along the +30 Km Orogrande
Shear Zone (�OSZ�) in North-Central Idaho, USA.
The
Idaho Gold Project hosts five zones of mineralization within 30 km of
potentially mineralized structure identified by geophysics and is similar to
many large gold belts such as the Carlin Trend in Nevada.
The
Company�s goal is to ultimately develop a district with multiple near-surface
gold resources along its +30 km property. Its strategy of drilling structures
identified by geophysics and gold-in soil trends has led to 3 gold discoveries
and significant resource development.
We
look forward to hearing from you and answering any question you may have. Thank
you for your interest in Premium Exploration Inc.
Yours
Sincerely,
Del
Steiner, President and CEO
Tel:
604.682.0243
info@premiumexploration.com
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
Ms. Christine Kopr
Corporate Communications
Opes Capital Inc.
(604) 992-1831
e: ckopr@opescapitalinc.com
www.opescapitalinc.com
�Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the 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
Company�s expectations are disclosed in the Company�s documents filed from time
to time with the TSX Venture Exchange and the British Columbia Securities
Commission. All statements, other than of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove
to be accurate, and actual results and future events could differ materially
from those anticipated in such statements. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Copyright
� 2010 Premium Exploration, Inc. � All rights reserved.
.