Premium Exploration Inc. (TSXV:PEM) announced further assay results from a vertical step-out hole completed in the deep zone of its Idaho-based Friday gold deposit. The hole was aimed at drilling the deposit’s upper and lower gold zones.
As quoted in the press release:
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.
- 14.35 g/t gold 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)