Re: New PEM Interview, March1st / 2010
in response to
by
posted on
Mar 02, 2010 09:24AM
Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho
Really great Interview, it seems to me that shares under 0.5 will be very soon past, today lot of interests in PEM, PEM should pas 0.5 very fast and then let's go to next trading level! This is great post from SH board, one part of Interview is included:
Joe,
That was exactly my point. Premium up to this point has only claimed that they extended the shear zone 75m to the north of the current resource and 425m to the south. Extending the strike length by 475m to the north and 475m to the south is something new.
Here is excerpt from the Korelin Report http://www.kereport.com/dailyshow/daily-mar0110-seg1.html
I tried to copy this part of the interview verbatum. (Please ignore the "ah"s. Most people include ahs or other non-words when they speak..)
Al:
Del, what are your plans for the rest of 2010?
Del:
Ah. We anticipate ah. a fairly large drilling program . Al. on ah. the shear zone that the property that has the 43-101 compliant resource, are Petsite-Friday project, ah is a located on.
There is a fairly large strike length and we're advancing that, ah. strike ah. both ah. north and south and at depth. The last program increased the depth by a triple and then we have ah. increased the length of the shear zone by historic drilling in this last program . Ah, a 475 metres to the north and 475 metres to the south with the idea in mind that we can extend that 531,000 ounces substantially, in the parameters of this strike, by drilling both ways from where we are currently drilling. So we will be doing a large program there.
If they actually extended the strike by 475m north and 475m south this could drive the share price up to a new level! Maps and sections would be great. Not just cartoons, but sections that include assays along the drill traces and a plan showing the trace of the extended zone and all of the historical holes used in interpretation.
In the next round of drilling there is a great target just north of the Petsite/Friday, the Frisco Mine. It shows up as a huge geochem anomaly that was intersects by several holes.
Premium's old presentation material included a geological map with an overlay of gold in soil geochem anomaly over the Petsite Stock. This was great because it demonstrated how on the Friday-Petsite, the Petsite stock appeared to influence mineralization.