Re: Not pushing a stock here but, an interesting view of Copper Mining..

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Phidias

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Re: Not pushing a stock here but, an interesting view of Copper Mining..

in response to

Not pushing a stock here but, an interesting view of Copper Mining..

abstacey

posted on Feb 10, 2011 06:06PM

I'll add an update on PEM

RBC and Dundee put buys out on it yesterday, going to start with 4 drills and 75 to 100 holes in march/april, news all year. 25 holes in 2010 with all hitting, 100% drill success, mineralisation starting at surface in soil. 5 gold bearing zones so far inside 30 k structure along strike. Money to make it through 2011 drill program. 43-101 out by pdac should show minimum 100% growth. Rangebound since last august and when it breaks it should have some power behind it.

The Gold Report Interview with Taylor MacDonald (02/09/11)

"I think we'll see a lot of other companies come to the forefront [in Idaho] in 2011. . .[with] recent success from companies like Premium Exploration, Idaho could really come into the limelight in the mining space."
View Entire Article: Taylor MacDonald: The Perfect Storm for Gold

Vishal Gupta, Dundee Capital Markets (02/07/11)

"We are adding Premium Exploration to our Mineral Exploration Watch List with a Buy recommendation, Venture Risk rating and no price target. PEM is a micro-cap exploration company focused exclusively on its 100%-owned land holdings covering a 30 km. stretch of the Orogrande Shear Zone (OSZ), located in north-central Idaho. The ground covers the past-producing Friday/Petsite property, Buffalo-Gulch and Deadwood prospects all centered along the OSZ.

The OSZ is believed to be the primary controlling feature for gold mineralization in the district. The shear cuts both the basement Proterozoic-aged metasediments and the Cretaceous-aged, quartz-monzonite batholith. Gold mineralization is found over much of the 30 km. length of the shear. . .In March 2010, PEM released an NI 43-101-compliant resource estimate on the Friday/Petsite project that totaled 549 Koz. gold (15.13 Mt. at 13 g/t above a 0.5 g/t cutoff). Based on the results of the 2010 campaign, it is our opinion that Premium should have little trouble in achieving its targeted 1.0–1.5 Moz. resource upgrade when a new update is released later this quarter. This should set the stage for the company to initiate a PEA on this deposit."

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