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Message: Excellent NEWS Is Out .
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Really Excellent NEWS, it seems that they can find lot of Gold out there. I will put here very good comments from SH Board:

Well, well well...
Some on this board have hyped up there expectations a little too high.
Here is what I see....

Hole PFR2009-13 does look like it hit the same mineralized structure as seen at the top of PFR2009-04. As I expected the grades were not going to be moon shot grades, but it does demonstrate continuity of the mineralized structure. We will have to see what the next resource calculation provides to see whether the resource extends this for south. I think it might be on the low side to add to the resource .(a drill section would be nice)



Hole PFR2009-8 and 9 have done what was expected they proved the existance of the mineralized structure too the south. The managed to intersect the mineralization seen in hole PC06. More dilling will be necessary to determine whether they can build another resource around this. (again a drill section including surrounding historic holes would be nice)

In the near future we should see a new 43-101 estimate giving for theFriday-Petsite. I have been setting my eyes on 1 million oz gold with alower cut off of 0.5g/t, maybe more if economics demonstrates a lowercut-off is warranted. Remember the Kinross resource was completed in 1999 and the price of gold is a little higher, and I expect this will offset inflation in capital and operating costs.

The PEM site is down tonight. Maybe we will see some new sections shortly.

If you take a closer look at the numbers, you will see that Hole 8 starts at 23m deep.. very very shallow and economical. PEM has quite an assortment of drill holes to date all in all above impressive..Most 43-101 reports are cut off at 0.5 grams per ton and this hole is slightly over and 425 metres south of known mineralization which is beyond expected .

This hole will add to the 43-101 resource report along with the other 25 holes or so
Its a big stepout of almost half a km
Nice length of 124m and shallow with economical Gold grade .

Remember when this gets mined, gold could be sitting over $2000 an oz which would be huge profits !

PEM has hit Gold grade in all holes .... that in itself is impressive!!

I look forward to the tallied upcoming resource report soon.

  From          To      Length      Length          Au

Hole ID               (m)         (m)         (m)        (ft)       (g/t)



PFR2009_8           23.2
       147.2       124.1      407.15        0.55

59.7        93.3        33.5      109.91        0.68

107       121.6        14.6       47.90        0.84
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