Re: Two points. . .Clarity?
in response to
by
posted on
Sep 07, 2011 01:18PM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Thanks Boot. I do see some things worth celebrating. Small, they may be, but ones which help to see the possible big picture. Not that PEM wants to become it's own mining operation, but that they are assembling certain requisites that makes PEM's OSZ more ready and able to accomodate and enable such an operation, should the opportunity present itself in whatever form. To that end, yesterday's NR had a few nuggets in it.
-The new industrial land additions were "strategic acquisitions" and are well fitted for expanding PEM's operations, and some other's possible future needs as well. It is also on the highway, has an office building and much more.
-It is located very near Buffalo Gulch. It is privately owned now by PEM.
-"Substantial ability to simplify and expedite key permitting (process)"
-"Excellent . . . for infrastructure siting."
"new high quality exploration targets" have been acquired.
"A drill was immediately mobilized to the (new) property."
"provides option for processing to occur" on the new privately owned industrial property.
"The untapped potential of the (new) Red Elk Group claim is HUGE" said Mike O.
"Signs of mineralization is everywhere in trenches, road cuts and prospect pits."
All of the above ". . . provides Premium (with what it needs) to advance the Idaho Gold Project to a district scale (size) mining camp," said Del Steiner.
_________ PEM has positioned itself for something more than drilling 25,000 meters a year. As something to ponder, I believe PEM had the BG zone being permitted for a mine a couple of years ago. Now they have rushed a drill rig to the new property. All of the above sets the stage for progress. Some road blocks have been removed; some preparations are being accomplished; some steps taken which lend themselves to enabling future growth. I can see "end game" options materializing. Some of the steps mentioned above are signs, to me at least, of intermediate steps being taken in preparation for PEM's future. In fact Del has said so in the NR. . . to allow PEM to advance the OSZ to a "district scale mining camp." In the intermediate term, PEM is preparing for increasing it's drilling program by as much as 400% in Phase 5. That is next year and beyond. It would be a huge increase in growth, expansion, workload, drilling, geo work, processing, assaying, etc. PEM can't continue growing at this pace without the necessary infrastructure. PEM is positioning itself for it's future needs, bit-by-bit. PEM is taking steps, not too soon, for making giant leaps forward as an explorer extrordinaire. The package they are assembling, in total, will also add appeal and desirability for juniors and majors, while enabling PEM to continue to grow exponentially in the times ahead.
As an aside, regarding Acme's disappointing timliness, Del said that he would continue to do all that he could to try to speed up the tardy Acme process, and that he will try to ensure that the assay results are released as soon as possible, as they are received and processed.
Hope some of the above is of interest.