Penbar Capital Ltd V.PEM

RE: RE: Joeys Info Post Again

[megabid]

BELOW is an excerpt from the NOV 30 ,2009 Managament discussion posted on SEDAR by PEM

A,B Chromitites have not even been intersected.


MINERAL EXPLORATION
Chrome Mountain, Montana, USA
The Chrome Mountain Project is a platinum, palladium, rhodium and gold target consisting of 970
hectares and is located approximately 1,500m from the East Boulder Mine within the Stillwater Complex.
Premium is reviewing exploration results to date on this property. Exploration programs from 2006 to
2008 included the drilling of 19 holes and over 2 km of soil geochemistry which identified an extensive
zone of platinum, palladium and rhodium mineralization. Exploration and drilling in 2007 and 2008
focused on a large PGM soil anomaly measuring 2,500 metres x 800 metres, which hosts up to 1.2 g/t Pt
plus Pd Rd over 116.7 metres at surface and encountered mineralization similar to a combination of
Platreef and UG2 styles of mineralization.
Premium believes that the “A” and “B” chromitites have not yet been intersected by drilling to date.
Although the mineralized intercepts contained chromites, they appear to be above the zone that hosts the
“A” and “B” chromitite horizons. Dr. Reid Keys, Ph.D., of Monash University concluded that the broad and
laterally extensive PGM soil anomalies were formed by the same type of processes that formed the giant
Platreef disseminated PGM-Cu-Ni deposits in South Africa. An exploration program scheduled for Q4 of
2009 is currently being designed to follow up on the discovery of the new Platreef exploration model.
Platreef is one of the most profitable styles of mineralization as it is located near surface, which lends
itself to simple surface mining procedures and typically has large tonnages. Consequently, the mining
methods benefit from the economics of scale.
The Pine Claim fault on the property is a conduit for gold mineralization. The fault remobilized PGM’s
associated with the “A” and “B” chromitite horizons. Premium will conduct a surface mapping and
sampling to further define the limits of the gold bearing system of the Pine Claim Shear Zone.