Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
In the same category
Premium Exploration: Drilling Commences at Idaho Gold Project
Published : November 28, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Gold | Idaho | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2012) - Premium Exploration Inc. (News - Market indicators)(OTCQX:PMMEF) ("Premium" or the "Company") is pleased to announce the 8,000 metre infill and definition drill program has commenced at the Friday Zone along the Idaho Gold Project, a 30 km long gold district in Idaho. Drilling is designed to increase and expand the Friday-Petsite constrained resource.

The objective of the infill program is to define one homogenous deposit along the 1.7 km mineralized footprint by achieving the following objectives:

  • Define additional ounces within the 1 km pit-constrained resource, targeting areas with insufficient drill density, while simultaneously connecting the North and Main zones into one deposit.
  • Increase overall resources by expanding the pit constrained resource zone from 1.0 km to 1.7 km of strike length, targeting the successful 2011 step-out drilling along the additional 0.7 km strike to the south.

Approximately 150 meters have been drilled by one reverse circulation rig. A total of up to 25 drill holes are planned, ranging in depth from 100m to 350m.

The current resource begins at surface, is comprised of 629,000 oz Au Indicated (21.5 Mt @ 0.91 g/t Au at 0.4 g/t cut-off) and 146,000 oz Au Inferred (5.9 Mt @ 0.77 g/t Au at 0.4 g/t cut-off), and remains open along strike to the north, south and at depth.

Click here for the drill plan map:

Qualified Person

The 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 is focused on the exploration and development of its district-sized Orogrande Shear Zone "OSZ" to fulfill its vision of developing a new mining district in North America. The OSZ is a 30 km-plus regionally-significant trending structure that correlates with multiple known zones of mineralization and has structural control to its gold mineralization, characteristics similar to many large gold belts, such as the Carlin Trend of Nevada. Development is ongoing at the bulk-tonnage Friday-Petsite deposit, the most advanced of several known mineralized zones located along the OSZ and represents 4% of the OSZ under Premium's control. For additional information, please visit us at

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.

Premium Exploration Inc.
Mr. Del Steiner
President & Chief Executive Officer
(604) 682-0243
(604) 682-2499 (FAX),
Opes Capital Inc
Ms. Christine Kopr
Corporate Communications
(604) 682-0243
(604) 682-2499 (FAX)

Premium Exploration Inc.

ISIN : CA74060R4098
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy

Premium Expl. is an exploration gold and palladium company based in Canada.

Premium Expl. holds various exploration projects in Mexico.


Premium Expl. is listed in Canada. Its market capitalisation is CA$ 844 000 as of today (US$ 642 622, € 586 264).

Its stock quote reached its highest recent level on April 01, 2011 at CA$ 8.30, and its lowest recent point on April 24, 2015 at CA$ 0.01.

Premium Expl. has 42 200 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
Financings of Premium Exploration Inc.
9/10/2012Closes $340,000 Non-Brokered Private Placement
11/30/2011Enters Into Financing Arrangement for up to $7.5 Million
Option Grants of Premium Exploration Inc.
4/12/2011Grant of 100,000 stock options to certain consultants
Nominations of Premium Exploration Inc.
1/18/2012Appoints Mike Vint, P.Eng to its Board of Directors
11/30/2011Appoints Ken Booth to its Board of Directors
2/24/2011Enhances Engineering and Geological Team for Preliminary Ass...
Project news of Premium Exploration Inc.
5/9/2012Renew your subscription to receive the latest updates from P...
4/24/2012Completes District-Wide Structural Study and Reports Final 2...
12/1/2011Makes Multiple New Gold Discoveries at Idaho Gold Project
10/12/2011Samples High Grade Gold and Encounters Friday Zone-Style Min...
7/28/2011Completes 35% of 10,000 Soil Campaign at Unglaciated Idaho G...
6/1/2011(Idaho (friday / Petsite / Dixie))Discovers More Gold 20 km from 1st Discovery
5/26/2011(Idaho (friday / Petsite / Dixie))Exploration Update along 30 Km Emerging Gold District
5/17/2011(Idaho (friday / Petsite / Dixie))Reports Silver at Monday Zone Discovery at 30 km Emerging Go...
5/11/2011(Idaho (friday / Petsite / Dixie))Receives $1,912,500 for Exploration of 30 km Idaho Gold Proj...
4/26/2011(Idaho (friday / Petsite / Dixie))Funded for District-Wide Exploration of Emerging Gold Distri...
4/1/2011(Idaho (friday / Petsite / Dixie))Premium Exploration Announces Indicated & Inferred Resources...
3/29/2011(Idaho (friday / Petsite / Dixie))Announces New 15 km Geophysical Anomaly & Start of +25,000 m...
3/29/2011(Idaho (friday / Petsite / Dixie))Announces Indicated & Inferred Resources at 30 km Idaho Gold...
3/22/2011(Buffalo Gulch)Identifies Potential Mineralized Structures at Depth in Buff...
3/4/2011(Idaho (friday / Petsite / Dixie))Defines 8 Km Gold-In-Soil Trend at Idaho Gold Project
Corporate news of Premium Exploration Inc.
5/11/2015IIROC Trading Halt - PHC; PEM; XE; ZNR
2/9/2015TSX-V: PEM
2/6/2015TSX-V: PEM
2/5/2015TSX-V: PEM
2/2/2015TSX-V: PEM
1/30/2015TSX-V: PEM
1/29/2015TSX-V: PEM
1/28/2015TSX-V: PEM
1/23/2015TSX-V: PEM
1/22/2015TSX-V: PEM
1/21/2015TSX-V: PEM
1/20/2015TSX-V: PEM
1/19/2015TSX-V: PEM
1/16/2015TSX-V: PEM
1/14/2015TSX-V: PEM
1/13/2015TSX-V: PEM
1/12/2015TSX-V: PEM
10/7/2014Premium Exploration Reports 5.23 G/T over 112.8 Metres at th...
4/30/2013Files Technical Report on the Idaho Gold Property
4/11/2013Announces Increased Mineral Resource Estimate at Idaho Gold ...
3/28/2013Signs an Option Agreement for Logan Resources to Acquire up ...
2/19/2013Intersects 1.11 g/t Au Over 111.25 m at Idaho Gold Project
2/8/2013Exploration Update
12/4/2012Identifies an Additional Strong IP Target Along the Idaho Go...
11/28/2012Drilling Commences at Idaho Gold Project
11/28/2012Drilling Commences at Idaho Gold Project
10/17/2012Announces 8,000 m Drill Program to Expand Friday-Petsite Gol...
10/3/20121.88 g/t Au Over 32 Meters in Historic Drilling 1.0 km From ...
9/18/2012Reports up to 93% Gold Recoveries at Friday-Petsite Resource...
4/20/2012Announces Completion of Private Placement
3/14/2012Clarification of Technical Disclosure and Withdrawal of Pros...
11/18/2011Doubles Friday Zone Strike Length; Resource Development Plan...
10/3/2011Drilling Significantly Extends Strike Length of Gold Mineral...
9/27/2011(Chrome Mountain)Reviews Chrome Mountain PGM+Cu+Ni Property, Montana, USA
9/6/2011Acquires Highly Prospective Patented Gold Mining Claims with...
8/10/2011Finds More Gold at Friday Zone: 1.0 g/t Gold over 117.4 Met...
8/2/2011Northern Miner: Former Idaho Governor Encourages Mining in t...
7/25/2011Begins Trading on the OTCQX
7/19/2011Drills 1.0 g/t Gold Over 118 Meters and Increases Strike Len...
7/6/2011Correction from Source and Step-Out Drilling Extends Gold Re...
6/16/2011Roger Weigand: Gold Rally Only Beginning, Industy Watch inte...
6/9/2011Proxy Vote Reminder - Due Monday, June 13, 2011
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.020
08/07 15:49 -
Prev close Open
0.020 0.030
Low High
0.020 0.030
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.020 -%
Volume 1 month var.
505,500 -%
24hGold TrendPower© : -25
Explores for Gold - Palladium - Rhodium
Interactive chart Add to compare
Print Compare Export
Last updated on : 11/26/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Mining Company News
Portia Gold Sales Exceed 20000 oz
AU$ 0.64-1.54%Trend Power :
Oceana Gold(Au)OGC.AX
AU$ 3.90-1.27%Trend Power :
Uranium Res.(Ur)URRE
Announces Closing of $9.7 Million Public Offering
US$ 1.83+0.55%Trend Power :
2016 Fourth Quarter Activities Report
AU$ 3.71+1.37%Trend Power :
Pioneer Resources(Au-Ni)PIO.AX
intersects further High Grade Caesium and Lithium mineralisation at Pioneer Dome LCT Pegmatite Proje
AU$ 0.02-4.55%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
Announces 2016 Production Results
CA$ 7.60-1.55%Trend Power :
Uranium Res.(Ur)URRE
Announces Proposed Public Offering of Common Stock
US$ 1.83+0.55%Trend Power :
Corazon Mining.CZN.AX
to Commence Drilling at Lynn Lake Nickel-Copper-Cobalt Project in Canada - Targeting Priority Geophy
AU$ 0.03+0.00%Trend Power :
Marathon Oil(Ngas-Oil)MRO
New SEC Document(s) for Marathon Oil Corporation
US$ 14.68-2.26%Trend Power :
Announces Proposed Amendments to Convertible Debentures
CA$ 5.25+0.19%Trend Power :
Candelaria settles contingent payment to Goldgroup
CA$ 0.13-3.70%Trend Power :
Musgrave Minerals LTDMGV.AX
Patersons Securities Limited – MGV Research Note November 16, 2016 - 8:26 am
AU$ 0.08-4.60%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Increases Common Stock Dividend 4.4 to $0.96 per Share
US$ 67.15-0.49%Trend Power :
Sims Metal Management LTDSGM.AX
Appendix 3B
AU$ 12.45-0.08%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding (Marathon)
AU$ 0.03+0.00%Trend Power :
Atlas Iron(Fe)AGO.AX
Change in substantial holding for Centaurus
AU$ 0.03+0.00%Trend Power :
Horizon Oil LTDHZN.AX
Amendment to Explanatory Memorandum Appendix 3B
AU$ 0.06+0.00%Trend Power :
Phosphate Australia LTDPOZ.AX
Change of Director's Interest Notice
AU$ 0.02-4.76%Trend Power :
Consolidated Zinc LTDCZL.AX
Further high grades intersected at Plomosas
AU$ 0.02+0.00%Trend Power :
Tala Hamza Zinc Project ProgressesTowards Development
AU$ 0.15+0.00%Trend Power :