Premium Exploration To Drill Further In Already-Established Resource

Premium Exploration, Inc. is setting out to drill on the the Friday-Petside project, located in Idaho, in an area where high-grade drill results have already been found by different companies. Based upon previous drill results, which are spelled out in the news release, the High Grade Zone has an inferred resource of 531,890 oz. of gold in a deposit of 15.17 million tonnes; with a cutoff of 0.514 g/t, average grade is 1.1 g/t. 51,510 oz of gold, with average grade of 4.1 g/t, are in the resource if a cutoff of 3.11 g/t is used. Premium's joint-venture partner for the property, SNS Silver Corp., has their own news announcment here with some background geology included. A preliminary scoping study has already been undertaken by an earlier company.

Premium last traded at 9 cents as of the time of this post. Its current bid-ask is 9 - 10 cents. SNS's last trade was at 23 cents, for a loss of 1.5 cents.

Premium's Google Finance web site is here; SNS' is here.

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