Premium Exploration (PEM.V) has announced new drill results from its drill program at the Friday Gold Project in Idaho, USA. A step-out hole drilled almost 287 meters containing 0.73g/t gold including almost 12 meters of 2.67g/t gold. More assays are pending as the company tried to focus on the upper high grade zone in order to support a preliminary economic study of the Friday high-grade zones by developing an underground mine.
The Friday project currently has a resource estimate of 1.25M ounces of gold at an average grade of 0.95g/t but Premium Exploration seems to be focusing on the high-grade zones and we’re looking forward to see the results of an economic study.
> Click here to read the press release
Disclosure: The author holds no position in Premium Exploration. Please see our disclaimer for current positions.
