Re: Gold Explorer to Soar after Super High-Grade Drill Results
in response to
by
posted on
Jan 14, 2010 10:37AM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
I compared these PEM results with EAS results that is right now at round 4 CAD with similar number of shares:
East Asia Minerals Corporation (TSX VENTURE:EAS) reports that assays have been received from an additional two diamond drill holes at the Main Miwah Gold Zone in Aceh Province, Northern Sumatra, Indonesia. The gold mineralized intersections are located west and south of drill hole EMD008, which encountered 2.11 g/t gold over 100 metres, including 4.81 g/t gold over 30 metres. EMD009 encountered 1.16 g/t gold over 88.0 metres, including 2.06 g/t gold over 21.2 metres. EMD010 ended in mineralization and encountered 1.42 g/t gold over 116.9 metres, including 3.14 g/t gold over 28 metres. The results continue to support the interpretation of shallow, laterally extensive gold mineralization along the 1.2 kilometre Main Miwah Gold Zone. More than 600 metres of strike length have been drill validated by East Asia Minerals to date.
So please, look at these Super High-Grade Drill Results, if everything will go right with PEM then see you at 4 CAD!!! This I found also from another forum:
With these kind of results, the stock could support $100 million+market cap which is at least a double or higher from current levels. Nopoint in getting scared out early as the Big boys will accumulate itall anyways and take it higher.
This is a WORLD CLASS DISCOVERY and PEM's got it with a 28km strike zone waiting to be drilled out
I have taken a closer look at EAS and their drill results arent as good as ours but its trading $4 bucks.
Connectthe dots to a MAJOR WINNER!!! The Gold market hasnt heated up quiteyet.. hold it tight and wait for mania stage $1500+ Gold. Companieslike PEM could get swallowed up by Majors in a heart beat!!!
This is old but telling what can we expect for this great Deposit:
Premium Exploration just completed a drill program on the Friday-Petsite property and is expected to announce results this week. In total, they are looking at an estimated deposit of 4-10 million ounces of gold and are looking to move into production as soon as possible . They also have a silver project in Mexico with an estimated 10-12 million ounces of silver.
Imagine that, just wait for Big Boys to come in, this stock can go very fast up like EAS, great time ahead for PEM!!!