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Ultimately Developing a District with Multiple Near-Surface Gold Resources along the +30 km Property in Idaho

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Message: Analyst's comments

For those unable to access Industrial Alliance's most recent report on PEM they included:

Expects 2m ounces of gold at the Friday with a new 43-101 to be done in early 2012. (Perhaps that will depend on sufficient in-fill drilling by then).

PEM is meeting Industrial Alliance's expectations faster than expected.

Industrial Alliance believes PEM will find additional million ounces deposits as it drills the Orogrande Shear Zone.

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