Premium Exploration Defines Extensive New Gold-in-Soil Trends Along Idaho Gold Project

Premium Exploration Inc. (TSX VENTURE:PEM)(OTCQX:PMMEF) ("Premium" or the
"Company") is pleased to announce the definition of several new gold-in-soil
anomalies along the Idaho Gold Project ("IGP"). During the 2011 field season,
nearly 10,000 soil samples were collected with systematic grid sampling in the
Deadwood, Lucky Strike, Monday, Friday, and X Zones. Results doubled the strike
length of the Lucky Strike anomaly and two significant gold-in-soil trends have
also been discovered in the Monday and X Zones.


Key Points:



--  New 4 km by 2 km gold in soil trend discovered in the X Zone 
    
--  New 3.5 km by 1 km trend discovered in the Monday Zone 
    
--  Lucky Strike Zone extended from 1 km to 2 km by 500 meters. 



"These results are exciting and continue to illustrate the excellent exploration
potential of the Idaho Gold Project. The scale and intensity of the new soil
trends are strikingly similar to the original soil results that led to the
definition of the Buffalo Gulch, Deadwood, and Friday deposits. Gold-in-soil
sampling also led to Premium's drill success in 2011 throughout the Deadwood
Zone," stated Michael Ostenson, VP of Exploration.


Idaho Gold Project Soil Sampling 

Gold mineralization along the IGP is structurally controlled and the results
continue to confirm the strong correlation between structural corridors
identified by geophysics and elevated gold-in-soil trends. Soil sampling is a
reliable exploration tool at the Idaho Gold Project due to the lack of glacial
influence and near surface nature of gold mineralization: drilling beneath
coincident geophysical and unglaciated in situ gold-in-soil trends has led to
several new zones of gold mineralization and has defined three deposits to date.


Lucky Strike Zone 

The previously reported gold in soil trend of 1 km by 500 m has been extended an
additional 1 km for a total strike length of 2 km and a width of 500 m with gold
values up to 360 ppb. The Lucky Strike gold-in-soil anomaly coincides with a
potentially mineralized major regional fault structure. The geophysical
interpretation indicates the structure has a potential strike length of up to 15
km and has been geologically mapped and confirmed on the ground. 


Monday Zone 

An irregular trend of elevated gold-in-soil has been discovered covering an area
of approximately 3.5 km in length by 1 km in width. The gold-in-soil values are
up to 1,924 ppb and the trend is coincident with interpreted fault structures
and geological contacts.


Elevated gold-in-soil values of up to 503 ppb have also been encountered
directly above the Monday Zone mineralization discovered in two drill holes
during the 2010 Phase-Three drill program, which demonstrate a potential strike
length of 900 meters; 1.4 g/t Au over 38.4 m including 9.4 g/t Au over 4.6 m and
2.1 g/t Au over 20.1 m including 5.5 g/t Au over 6.4 m, respectively in holes
PFR2010-19 and PFR2010-22.


X Zone 

A large consistent gold-in-soil trend has been discovered in the X Zone with a
strike length of 4 km and up to 2 km in width. The orientation of the
gold-in-soil trend correlates strongly with interpreted fault structures and
geological contacts and has values of up to 1,363 ppb.


Premium is in the permitting stages for exploration drilling along these zones. 

Maps of the 2011 Soil Plan and Results can be found here:
http://bit.ly/2011SoilPlan and http://bit.ly/2012SoilResults.


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
www.premiumexploration.com.


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.
Imperial Ginseng Products (TSXV:IGP)
過去株価チャート
から 5 2024 まで 6 2024