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Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho

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Message: Delightful conversation with Christine

Delightful conversation with Christine

posted on Sep 16, 2009 07:49PM

I just received an e-mail from Christine and also spoke with her in person at length about some questions which I had sent a day ago for clarification. Firstly, the Idaho property can be drilled year round. Premium feels that the interest in the PP will be filled, but the stabilization of the current share price is the current challenge facing the company. The company has received extremely positive feedback from qualified mining analysts and geologists concerning the Idaho project and majors are showing interest. The company is currently working on a release of the next drill program which will state the program goals similar to the previous which was to increase the resource and was accomplish to a 100% success rate. With the high-grade identified there will be a larger resource because of it, and also confirmed the soil geochem is connected to the resource and suggests there could be three times the strike length to the south. Drilling will supply the answer to exactly how big the resource will become. Something that was brought to my attention is that the Friday-Petsite location is mainly located on private land and that only a portion is government land which will make open pit mining an obtainable goal. As stated by Coffintrader the Cyanide bill that was passed in 2006 in Idaho states that a company must first meet the requirements of each phase of permitting and that a vote is not necessary before permitting is allowed. The permitting of the Buffalo Gulch project has been kept current, but with the change in requirements over the years means that the Premium team will have to make adjustments before the mine can become reality. Had a tough 12 hour day at work, so if I remember anything else I will post. Joe.

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