news is out. New assay. . . .
posted on
Feb 20, 2014 11:16AM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Here is some of the NR. There is more than what is below:
_________________________________________________
Premium Exploration Inc. is pleased to announce further assay results from drilling the deep zone at the Friday Gold Deposit in Idaho County, Idaho. The drill hole was a vertical step-out hole aimed at drilling both the upper and lower gold zones at the Friday deposit. The drill hole encountered a long interval of gold mineralization – 286.67 meters (940.51 feet) with a weighted average of 0.73 g/t Gold. Within this zone were numerous intervals of higher grade gold mineralization, the highest being 1.37 meter (4.5 feet) of 14.35 g/t Au at 229.67 meters (753.5 feet).
The current drilling is now focused on the upper high grade zone and there are numerous upper zone drill holes with assay’s pending. All of the current drilling is being done to support a preliminary economic study of the high grade portions within the Friday deposit and is designed to extend the high grade mineralization found in drill holes detailed in previous press releases.
Highlights Include:
PFR20014_1:
14.35 g/t over 1.37 meters (4.49 ft)
13.6 g/t gold over 1.22 meters (3.28 ft)
2.67 g/t gold over 11.67 meters (38.29 ft) See Attached Spread Sheet for Intervals
The ongoing drill program consists of a total of fourteen HQ core holes and complete assay results have now been received for the first three drill holes PFR2013_1&2 & PFR2014_1. Drill hole PFR2014_11 is now being drilled.
Drill hole PFR2014_1 was drilled 15 meters north of PFR2009_10 and intercepted the strongest mineralization at approximately 17 meters due to drill hole deflection. A zone of 36 meters (785 to 904 feet) encountered strongly silicified, clast-supported breccia rimmed with pyrite. A suite of metallic screens will be completed on the high-grade intercepts as well as a selected grade range to better understand gold distribution. Approximately 50 samples will have metallurgical testing work performed in the near future to further our understanding of the high-grade zone.