richrichrich
11 years ago
Question or two, for you guys that frequent the board, now and then. I don't have L2, but from what I can see on pinksheets website "free L2", this thing just will not trade even one share lately, like it's some sort of a standoff situation, with ask holding at .03, and bid holding at .014/5/7, for the last few weeks. Like no one wants to budge. Makes it look like trading has been halted......I'd like to buy some more, in an effort to average down{dangerously, as usual). Currently have a standing limit buy set, at .015 for a while now. I would like to find more current chat about the company. I found some, several months ago, but can't remember where. I don't think it was Yahoo. Tried Instantbull, but can't seem to get that one going. Either of you have any URLs, for current chit-chat? Maybe some Canadian blog site, for mining companies?
richrichrich
11 years ago
Question or two, for you guys that frequent the board, now and then. I don't have L2, but from what I can see on pinksheets website "free L2", this thing just will not trade even one share lately, like it's some sort of a standoff situation, with ask holding at .03, and bid holding at .014/5/7, for the last few weeks. Like no one wants to budge. Makes it look like trading has been halted......I'd like to buy some more, in an effort to average down{dangerously, as usual). Currently have a standing limit buy set, at .015 for a while now. I would like to find more current chat about the company. I found some, several months ago, but can't remember where. I don't think it was Yahoo. Tried Instantbull, but can't seem to get that one going. Either of you have any URLs, for current chit-chat? Maybe some Canadian blog site, for mining companies?
Penny Roger$
12 years ago
~ $PMMEF ~ Multi chart fix and On the house shots of DD!! Version 3.2.3
Barchart: http://barchart.com/quotes/stocks/PMMEF?
Pinksheets: http://www.otcmarkets.com/stock/PMMEF/company-info
Google Finance: http://www.google.com/finance?q=PMMEF
Google Fin Options: hhttp://www.google.com/finance/option_chain?q=PMMEF#
Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=PMMEF+Key+Statistics
Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=PMMEF
Finviz: http://finviz.com/quote.ashx?t=PMMEF
BusyStock: http://busystock.com/i.php?s=PMMEF&v=2
CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=PMMEF&exchange=US
Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=PMMEF
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=PMMEF
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=PMMEF
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=PMMEF
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=PMMEF
MarketWatch: http://www.marketwatch.com/investing/stock/PMMEF/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=PMMEF
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PMMEF
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PMMEF&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PMMEF&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PMMEF&size=l&frequency=60&color=g
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=PMMEF
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=PMMEF
Check those searches for recent PMMEF mentions. If PMMEF is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a cPMMEFnt list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=25&y=5
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=14
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=8&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=28&y=15
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=17
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=12
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=6&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=19
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=38&y=6
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=30&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=&symb=PMMEF&time=18&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=8&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=35&y=14
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=39&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=20&y=16
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=3&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=6
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=42&y=20
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=36&y=11
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=6&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=46&y=11
Volume, MACD, ADX 3 EMA Par sar - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=16&lf=1&lf2=4&lf3=1024&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=31&y=14
RSI, Money Flow, Volume Accumulation, 3sma, Bollinger bands - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=9&uf=8&lf=2&lf2=512&lf3=4096&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=23&y=15
Price Channel, Momentum, Volatility Slow, P/E Ratio - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=PMMEF&time=1&startdate=1%2F4%2F1999&enddate=11%2F21%2F2011&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=6&maval=9&uf=128&lf=65536&lf2=16384&lf3=16777216&type=4&style=380&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=22&y=15
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Twitter: @MACDgyver ---> PMMEF <---
pitbul13
13 years ago
Premium Exploration Samples High Grade Gold and Encounters Friday Zone-Style Mineralisation at the Deadwood Zone
October 12, 2011
October 12, 2011, Vancouver, British Columbia: Premium Exploration Inc. (TSX-V:PEM, OTCQX:PMMEF) (”Premium” or the “Company”) is pleased to announce a drill program update and surface grab sample results from the recently acquired patented claims within the Deadwood Zone at the Idaho Gold Project.
Key Points:
•Surface grab samples have returned encouraging grades from two different mineralised systems. Premium’s primary focus is a lower grade, bulk-tonnage target; however a higher grade cross-cutting quartz vein system has been recognised, which represents an attractive secondary target.
Quartz Vein
Altered Country Rock
#972811 - 1.48 g/t Au
#972816 - 19.37 g/t Au
#972806 - 1.80 g/t Au
#972812 - 0.61 g/t Au
#972817 - 42.46 g/t Au
#972807 - 0.05 g/t Au
#972813 - 0.17 g/t Au
#972818 - 54.05 g/t Au
#972808 - 0.50 g/t Au
#972814 - 0.81 g/t Au
#972819 - 33.88 g/t Au
#972809 - 0.09 g/t Au
#972815 - 0.21 g/t Au
#972810 - 0.10 g/t Au
#972820 - 0.97 g/t Au
•Drilling on the patented claims within the northern part of the Deadwood Zone has encountered similar alteration assemblages and sulphide mineralisation to those seen in grab samples.
•Deadwood drill-holes exhibit similar geological, structural, alteration, and sulphide mineralisation characteristics of the Friday Zone located 12 km to the south, which hosts the current NI 43-101 compliant resource.
•Deadwood is one of several mineralised zones along the 30 km Orogrande Shear Zone (OSZ) regional system; all mineralised zones are linked by the 30 km geophysical anomaly with co-incident 16 km gold-in-soil trends.
“Encountering Friday Zone material 12 km away within the Deadwood Zone, along with excellent outcrop results, and gold-in-soils, further suggests the potential for multiple gold deposits along the regional trend,” stated Michael Ostenson, P.Geo., VP Exploration.
Grab samples (972816-972819) are taken from a quartz vein system along 50 meters of strike length and all returned +10 g/t Au results from the fire assay analyses. The balance of the grab samples are taken from sheared and altered country rock with up to 5% pyrite occurring as disseminated and in veinlets.
Widely spaced drill-holes are drilled along a 400 metre portion of the 12 km gold-in-soil anomaly that trends through the Deadwood and Buffalo Gulch Zones and correlates with the 30 km OSZ structure.
First pass drilling is designed to discover bulk tonnage style mineralisation associated with the OSZ structure. Alteration assemblages and sulphide mineralisation encountered in teh first three drill-holes on the Deadwood patented claims (SD2011-1, 2, & 3), are similar to those seen in the surface grab samples reported in this release.
Large structures have been defined in the first three drill-holes and will be used as a guide to outline the size and geometry of the potential mineralised system. The structures are similar to those controlling mineralisation at the Friday-Petsite resource 12 km to the south. The structures at Friday-Petsite have been successfully used as the primary guiding feature for resource expansion.
High-Grade Vein Prospects – Secondary Target
The northern part of the Deadwood Zone is interpreted to comprise two types of gold bearing systems; an east-west high-grade quartz vein system, and a north-south disseminated lower-grade bulk tonnage system. Premium’s primary focus is to define a bulk tonnage deposit.
The presence of the high-grade vein system has become a secondary drill target for Premium and the intersection of these two systems has the potential to host high-grade vein clusters within a large lower grade bulk tonnage deposit, thereby enhancing the overall grade.
There are at least 8 high-grade east-west vein systems along a 7 km segment of the +30 km OSZ within the Deadwood Zone with historically reported grades of over 1 oz/ton. A large portion of the Deadwood Zone is therefore potentially open to new discoveries.
Veins can be up to a few metres in width and laterally extensive. A number of these high-grade quartz veins have been historically mined. Historical mining exploited the shallow oxide portions of the veins, leaving the sulphide portion of the vein open to depth.
Patented Claims Drilling Map
For a location map of the grab sample results, please click: http://bit.ly/DW_PatentedClaimsDrilling_Map.
The Deadwood Zone has Several Correlating Features:
•12 km gold-in-soil trend with soil sample results over 1.0 g/t Au and a high of 4.0 g/t Au
•Surface outcrop sampling in excess of >10 g/t Au
•Alteration and sulphide mineralization in drilling consistent with Friday Zone 12 km to the south
•All mineralization and alteration coincides with the main regional structure (OSZ) that links all the known mineralised zones at the Idaho Gold Project, including the current NI 43-101 compliant Friday-Petsite resource of 343,000 indicated oz in 11.8 Mt @ 0.90 g/t Au and 879,000 inferred oz in 26.4 Mt @ 1.04 g/t Au (0.5 g/t Au cut-off) at the Friday Zone.
NI 43-101
Premium’s current NI 43-101 on the Friday-Petsite Zone along the Company’s Idaho Gold Project, was prepared for Premium by Mark I. Pfau, MSc. of Tellurian Exploration, Inc. Mr. Pfau is an Independent Qualified Person as defined under NI 43-101. The technical report has an effective date of March 28, 2011 and a revised date of September 30, 2011.
Quality Assurance
The Company has implemented a rigorous QA/QC program using best industry practices at the Friday-Petsite Property. The program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags, blind duplicates, blank samples and certified standards are inserted in the sample stream. The samples are then boxed and couriered to Acme Analytical Laboratories of Vancouver, B.C. a lab certified for the provision of assays and geochemical analyses (ISO 9001:2008). Samples with gold values greater than 10 g/t are re-analyzed via the metallic screen procedure. Samples with visible gold are also analyzed using the metallic screen analysis, as are samples immediately preceding and following the sample with visible gold. ALS Chemex is the check laboratory for the program.
Qualified Person
The 2011 Phase-Four exploration program is being directed by Michael Ostenson, P.Geo., VP Exploration of Premium Exploration Inc. Mr. Ostenson is a Qualified Person as defined by NI 43-101. Mr. Ostenson prepared, and approves of the content in this release.
About Premium Exploration Inc.
Premium Exploration Inc. (TSX-V:PEM, OTCQX:PMMEF) is focused on gold exploration at its district-sized Idaho Gold Project along the Orogrande Shear Zone in North-Central Idaho, USA. The “OSZ” is a +30 km regionally-significant trending structure with multiple known zones of gold mineralization, similar to many large gold belts, like the Carlin Trend in Nevada. Armed with a proven exploration strategy, advancing gold resources, and 30 Km of drill-ready targets, Premium is well positioned to create shareholder value through exploration and the development of this emerging gold district. For additional information, please visit us at www.premiumexploration.com.
For More information Please Contact:
Mr. Del Steiner
President & Chief Executive Officer
Premium Exploration Inc.
P: (604) 682-0243
F: (604) 682-2499
E: dsteiner@premiumexploration.com
info@premiumexploration.com
Ms. Christine Kopr
Corporate Communications
Opes Capital Inc
P: (604) 682-0243
F: (604) 682-2499
E: ckopr@opescapitalinc.com
www.opescapitalinc.com
This press release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
kiwisteve
13 years ago
Share Structure
Symbol: TSX-V:PEM
As of 15 April 2011
Shares Outstanding: 117,954,519
Stock Options Exercise Price Expiry
6,282,500 $0.15 – $0.66 March 1, 2011-June 30, 2015
Warrants Exercise Price Expiry
33,499,000 $0.25 – $0.50 April 23, 2011-Dec 17, 2011
235,000 $0.50 May 28, 2011
5,800,000 $0.30 April 23, 2011
6,125,000 $0.30 May 12, 2011
19,819,000 $0.35 December 17, 2011
1,520,000 $0.25 December 17, 2011
Fully Diluted: 157,736,019
http://www.premiumexploration.com/investors/share-struction
kiwisteve
13 years ago
Premium Exploration: Exploration Update along 30 Km Emerging Gold District
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 25, 2011) - Premium Exploration Inc. (TSX VENTURE:PEM) ("Premium" or "the Company") is making gold discoveries; the Company's goal is to discover multiple gold deposits along its 30 km property, an emerging gold district in Idaho, USA.
The Company is pleased to announce the start of the 2011 exploration field season; gold-in-soil sampling underway, claims staking, and drilling in progress.
District-Wide Phase-Four Exploration Program Highlights:
-- 3,091 Meters of the +25,000 Meter Drill Program
-- 9 drill holes have encountered alteration & sulphide mineralization
-- 550 Gold-in-Soil samples of the +10,000 sample campaign
-- 30% increase in land position to 172.6 km(2)
"We are pleased with the progress of Phase-Four Exploration; drilling has intersected favourable zones, gold-in-soil sampling is underway, and additional claims have been staked making our property package one of the largest in Idaho," Stated Michael Ostenson, P.Geo., VP Exploration of Premium Exploration. "Drills will be mobilized shortly to the promising Deadwood Zone to begin another year of making new discoveries."
Premium's strategy of drilling structures identified by geophysics and gold-in soil trends has led to 3 gold discoveries and significant resource development; 343,000 indicated and 779,000 inferred gold ounces are hosted in just 0.8 km of structure at the Idaho Gold Project to date. This represents less than 1% of the +60 km of parallel and cross-cutting structures identified on the property.
Drilling Update:
Buffalo Gulch Zone
-- 2 drill-holes in 332.5 meters
-- Both holes encountered alteration & sulphide mineralization consistent
with the "OSZ"
-- Drill to return once weather conditions improve
The target zone at Buffalo Gulch is 4 km of the 12 km correlating Gold-in-Soil and Airborne Geophysical anomalies along the main 30 km trend.
Drilling at Buffalo Gulch is designed to test the same geological model tested at the Friday Zone, 20 km south along the 30 km trend, which resulted in 100% success in drilling and increased the Friday-Petsite deposit from 549,000 oz inferred to 880,000 inferred and 343,000 oz indicated gold in Phase-Three.
A historic indicated resource of 110,000 oz gold in 4.8 Mt at 0.8 g/t with 0.4 g/t Au cut-off is hosted along 0.5 km of the 4 km trend and remains open. The last operator in the 1990's focused on defining near-surface oxide mineralization. Targeting gold-in-soil anomalies, they defined the near-surface oxide deposit via shallow, vertical RC drilling and did not investigate potential high-grade structural mineralization at depth; Premium's new geological model.
For the Buffalo Gulch Zone Drill Plan Map, please click: http://bit.ly/Drilling_BuffaloGulch2011.
Friday Zone
-- 7 drill-holes in 2,758.3 meters
-- All drill-holes encountered alteration & sulphide mineralization
consistent with the "OSZ"
-- 2 drill-holes in progress:
-- 1 located along the Friday Fault to the south of the Friday-Petsite
resource zone
-- 1 located along the Friday Fault to the north of the Friday-Petsite
resource zone
Drilling is designed to locate and intersect the Friday Fault at depth, along strike to the north and south to test 5km of potential strike length identified by gold-in-soils and geophysics.
The first 7 holes are located within the current Friday-Petsite resource footprint. Upon successfully locating the Friday Fault at depth (Lower Block), Premium intends to continue stepping out along strike, out of the resource footprint.
343,000 oz gold Indicated (11.8 Mt @ 0.90 g/t Au with 0.5 g/t Au cut-off) and 879,000 oz gold Inferred (26.4 Mt @ 1.04 g/t Au with 0.5 g/t Au cut-off) are hosted along 1.4 km of structure to date; 343,000 oz gold Indicated and 779,000 oz inferred in just 0.8 km.
For the Friday Zone Drill Plan Map, please click: http://bitly.com/Phase4_FridayZoneDrilling.
Field Season Update:
Gold-In-Soil Sampling:
A total of 550 gold-in-soil samples in the +10,000 sampling program have been taken along the western portion of the Deadwood Zone to further refine drill targets planned for the Phase-Four drill program.
This first stage of sampling is focused on the new "Lucky Strike Structure" previously announced March 29th 2011. The second stage of the gold-in-soil sampling program will be focused to the west and south of the Friday-Petsite resource following the OSZ south to the X Zone.
In-situ gold-in-soil sampling along the Idaho Gold Project has been shown to be a key exploration tool and an excellent representation of the underlying bedrock as the region is un-glaciated.
Claim Staking:
A total of 623 new claims have been staked bringing the Idaho Gold Project land position to 2,127 un-patented lode claims and 5 patented claims for a total of 2,132 claims. The total area has been increased by 30% to 172.6 square km.
For the New Land Position Map, please click: http://bit.ly/GIS_NewClaims.
Disclaimer: All estimates of historic gold resources are historical in nature, predate and are noncompliant with NI 43-101. Premium is not treating the historical estimate as current mineral resources or reserves. Premium has not undertaken any independent investigation of the resource estimates nor has it independently analyzed the results of the previous exploration work in order to verify the resources, and therefore the historical estimates should not be relied upon. The historical classes used by Idaho Gold Corporation, a subsidiary of Bema Gold, are different from current CIM classes, however, they might be comparable to the CIM inferred or indicated resource classes.
Quality Assurance
The Company has implemented a rigorous QA/QC program using best industry practices at the Friday-Petsite Property. As described in the Company's News Releases of July 9th, 2009 and December 29th, 2009 the program includes chain of custody of samples, drill core sawn in half and shipped in sealed bags, blind duplicates, blank samples and certified standards are inserted in the sample stream. The samples are then boxed and couriered to Acme Analytical Laboratories of Vancouver, B.C. a lab certified for the provision of assays and geochemical analyses (ISO 9001:2008). In Phase-Three, as with Phase-Two and Phase-One, samples with gold values greater than 10 g/t are re-analyzed via the metallic screen procedure. Samples with visible gold were also analyzed initially using the metallic screen analysis, as were the samples immediately preceding and following the sample with visible gold. ALS Chemex is the check laboratory for the program.
Qualified Person
The 2010 Phase-Four exploration program is being directed by Michael Ostenson, P.Geo., VP Exploration of Premium Exploration Inc. Mr. Ostenson is a Qualified Person as defined by NI 43-101. Mr. Ostenson prepared, and approves of the content in this release.
About Premium Exploration Inc.
Premium Exploration Inc. (TSX VENTURE:PEM) is focused on gold exploration at its district-sized Idaho Gold Project along the Orogrande Shear Zone in North-Central Idaho, USA. The "OSZ" is a +30 km regionally-significant trending structure with multiple known zones of gold mineralization, similar to many large gold belts, like the Carlin Trend in Nevada. Armed with a proven exploration strategy, advancing gold resources, and 30 Km of drill-ready targets, Premium is well positioned to create shareholder value through exploration and the development of this emerging gold district. For additional information, please visit us at www.premiumexploration.com.
This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
http://www.premiumexploration.com/news/premium-exploration-exploration-update-along-30-km-emerging-gold-district
http://www.marketwire.com/AdvancedSearch/AdvancedSearchResults.aspx?sid=6036ebdc-787f-4340-8f8a-6e0320e8fbed&page=1
marwal
13 years ago
On 11/24 at 9:45 EST on the TSX exchange PEM (and PMMEF) had an astounding 29 buy orders pending for about 275,500 shares which were bid lower than the ask price. The orders to sell were a paultry 6 with 34,000 shares up for sale at a ask price higher than the bidders. Although this changes through out a day and from day to day, it says that the stock is being sought by far more than those willing to sell. Yet, almost all sellers do not know this. If they did, they'd raise their asking price. As of the moment, the demand for PEM (PMMEF) shares is far greater than supply. Institutional buyers have been steadilly accumulating shares quietly a few thousand at a time, hour after hour, day after day, week after week, month after month. Several have over 1 million to 8 million shares with famous Eric Sprott now having close to 7 million shares.
kiwisteve
13 years ago
Premium Exploration and Velocity Minerals Clarify Claim Staking in Idaho, USA
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) - Premium Exploration Inc. (TSX VENTURE:PEM) and Velocity Minerals Ltd. are pleased to jointly issue this release regarding the current state of mineral claims staked by the Companies in the Orogrande mining district in central Idaho USA.
Both Companies are engaged in the exploration of what is believed to be a very large gold trend known to be the Orogrande Shear Zone "OSZ". Premium is focused on systematically exploring and developing targets identified along its district-sized land package covering 30-Km of strike length along the interpreted OSZ. The land package extends from Project "X" at the southern end of the OSZ to Buffalo Gulch on the north, while Velocity Minerals is focused on the potential southern extension or splay of the OSZ.
Premium began announcing the increases to its original district-sized land package of 394 claims (32 sq-km), September 8th of 2010. The Company increased its land position to 582 claims (43 sq-km) by adding 134 claims (11 sq-km) due to the identification of multiple high-priority targets with geophysical signatures similar to that of the Friday-Petsite Project in the Deadwood and Aurum Project Areas.
On Oct 12th 2010, Premium announced a total 200% increase to its land package with the addition of 774 new claims, totalling 1,168 claims (95 sq km) over the OSZ upon the release of the Airborne Geophysics. The additional claims expanded the main project areas of Buffalo Gulch, Deadwood, Aurum, Friday-Petsite, and added Project X to the south.
The order of claim staking is attributed to the way the geophysical survey was conducted from north to south. As raw data was received, high priority targets were first interpreted and staked in the Deadwood and Aurum Project Areas. Further on, claims were staked south of the original Friday-Petsite claim boundary, culminating in the staking of the Project X anomaly.
On September 27th, Velocity announced the staking of 60 claims south of Premium's original Friday-Petsite Project, the southern-most boundary prior to Premium's second announcement of its final land position increase. Since then, Velocity has staked an additional 96 claims on the potential extension of the OSZ, south of Premium's Project X.
In order to expedite the overall development of the gold trend and to gain a better understanding of its district potential, the two Companies have engaged in dialogue on how to most efficiently undertake exploration of the considerable land area believed to contain the trend, under the pretence of a strategic alliance.
Premium's present corporate strategy is to systematically develop the OSZ; continuing the development of the Friday-Petsite Project while making new discoveries at the high-priorities in the central and northern portions of its land package. This leaves the early stage exploration and development in the southern portions of the OSZ to be advanced by Velocity, expediting the development of the largest amount of land along the gold trend in the most efficient manner possible.
The recent staking activities of both companies have led to confusion regarding the size and location of various claims blocks located by Velocity and Premium.
In order to remove any confusion, the companies have compared their respective claim locations and where there appeared to be an overlap one or the other of the companies have agreed to relinquish any claim to the area and Velocity will work south, outside of the existing Premium claims south of the UTM NAD83 Zone11m Northing of 5059090. This release contains a map showing the approximate location of the mineral claims now held by Premium Exploration and Velocity Minerals.
Click http://bit.ly/PEMClaimClarification for the map.
Qualified Person
The 2010 Phase-Three exploration program is being directed by Michael Ostenson, P.Geo., VP Exploration of Premium Exploration Inc. Mr. Ostenson is a Qualified Person as defined by NI 43-101. Mr. Ostenson prepared, and approves of the content in this release.
About Velocity Minerals Ltd.
Velocity Minerals Ltd. is a public company dedicated to the acquisition, exploration and development of molybdenum, gold and other mineral resources. In addition to the Company's two Cassiar, B.C. area properties, its Southeastern B.C. gold prospect and its Idaho claims, several other opportunities in the mining industry in North America and elsewhere are actively being pursued.
About Premium Exploration Inc.
Premium is focused on the exploration and development of its district-sized land package along Orogrande Shear Zone "OSZ" to fulfill its vision of developing a new mining district in North America. The OSZ is a 30 km-plus regionally-significant trending structure that correlates with multiple known zones of mineralization and has structural control to its gold mineralization, characteristics similar to many large gold belts such as the Carlin Trend of Nevada. Development is ongoing at the bulk-tonnage Friday-Petsite Project, the most advanced of several known mineralized zones located along the OSZ and represents 4% of the OSZ under Premium's control. For additional information, please visit us at www.premiumexploration.com.
This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact
Premium Exploration Inc.
Mr. Del Steiner
President & Chief Executive Officer
(604) 682-0243
(604) 682-2499 (FAX)
dsteiner@premiumexploration.com
info@premiumexploration.com
or
Opes Capital Inc
Ms. Christine Kopr
Corporate Communications
(604) 682-0243
(604) 682-2499 (FAX)
ckopr@opescapitalinc.com
www.opescapitalinc.com
http://www.marketwire.com/press-release/Premium-Exploration-and-Velocity-Minerals-Clarify-Claim-Staking-in-Idaho-USA-TSX-VENTURE-PEM-1355149.htm
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