Premium Exploration Signs Geologist & Road Access Contracts for High-Grade Gold Drill Program in Idaho
Summary
It is anticipated that the drilling will provide sufficient geological data for Premium to investigate the possibility of accessing the high-grade portion of the resource through the development of a small underground mine.Metallurgical test work will be conducted on representative drill core to establish parameters for extraction of the gold and future pilot plant development.The properties on the Orogrande Shear Zone in Idaho hold considerable potential in both near-term gold production and immediate resource growth with a small, well-placed drill program.Mineralization strikes North-South and is steeply dipping with exposure at the surface in an historic open cut.It is anticipated that the drilling will provide sufficient geological data for Premium to investigate the possibility of accessing the high-grade portion of the resource through the development of a small underground mine.Metallurgical test work will be conducted on representative drill core to establish parameters for extraction of the gold and future pilot plant development.Due to late and heavy snowfall, drilling is anticipated to commence in June 2009.Permitting of the open-pit heap leach mine on the Buffalo Gulch project is continuing, with a planned increase in permitting activity this summer.“I am thrilled to be coming on board with the Premium Exploration team.