Penbar Capital Ltd V.PEM

Primary Symbol: V.PEM.P

Industrials Conglomerates

Penbar Capital Ltd. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation by completing a qualifying transaction. The activities of the Company are initially limited to the efforts to identify and evaluate the acquisition of assets and business, which would represent a qualifying transaction for regulatory purposes. The Company has not commenced commercial operations and has no significant assets.

TSXV:PEM.P - Post by User

Penbar Capital Ltd

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Post by deadderon Aug 18, 2009 8:14pm

261 Views

Post# 16229380

News - Nothing new

August 18 2009

Listen to David Morgan of The Silver-Investor and Al Korelin of The Korelin Economics Report (August 18th, 2009) discuss Premium Exploration's diverse precious metals projects including it's unique PGM project in the Stillwater Complex in Montana and it's current success exploring and developing it's Idaho gold projects, click here.

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Del Steiner (President) stated in the August 6th, 2009 news release:
â€œAlthough all assays have not yet been received, I am very excited that the new high-grade gold model for the OSZ developed by Premiumâ€™s geologists has been confirmed by this first stage of drilling. Not only have the current results extended the strike length of the existing 531,890 ounce gold resource for to the north and the south, but they are excellent near-surface values and the geologic information they provide confirm there is room for further resource growth.

The current 531,890 oz resource lies within a 1,000 foot (304 meter) gold in soil anomaly, while the contiguous gold in soil anomaly continues for an additional 4,000 feet (1220 meters) to the south greatly that is relatively unexplored, increasing the potential resource target.â€