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Penbar Capital Ltd V.PEM


Primary Symbol: V.PEM.P

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

Bullboard Posts
Post by oldtimer14on Jan 13, 2010 11:12pm
364 Views
Post# 16676633

3.81 g/t Au over 121 m

3.81 g/t Au over 121 mThanks for your insight. Pem is about to rock and roll tomorrow.
================================================

With these kind of results, the stock could support $100 million+market cap which is at least a double or higher from current levels. Nopoint in getting scared out early as the Big boys will accumulate itall anyways and take it higher.

This is a WORLD CLASS DISCOVERY and PEM's got it with a 28km strike zone waiting to be drilled out

I have taken a closer look at EAS and their drill results arent as good as ours but its trading $4 bucks.

Connectthe dots to a MAJOR WINNER!!!  The Gold market hasnt heated up quiteyet.. hold it tight and wait for mania stage $1500+ Gold. Companieslike PEM could get swallowed up by Majors in a heart beat!!

Premium Exploration drills 3.81 g/t Au over 121 m

2010-01-13 16:39 ET - News Release

Mr. Wilf Struck reports

PREMIUM EXPLORATION DRILLS 3.81 G/T GOLD OVER 121 METERS AT FRIDAY-PETSITE PROJECT

PremiumExploration,Inc.hasreceived assay results from the first three holesof the phase2drillprogram. These holes confirmed the continuity ofthehigh-gradegold zonebelow the current bulk-tonnage531,890-ounceinferred goldresourcecurrently hosted in 350 metres ofstrike lengthdown to a depthof 150metres.

Highlights

PFR2009-10:

  • 2.66 grams per tonne gold over 198.4 metres (650.9 feet);
  • Including 3.81 g/t gold over 121.1 metres (397.2 feet);
  • Including 9.16 g/t gold over 25.3 metres (83.0 feet);
  • Including 30.60 g/t gold over 1.8 metres (6.0 feet).

PFR2009-11:

  • 2.94 g/t gold over 73.5 metres (241.1 feet);
  • Including 10.57 g/t gold over 17.2 metres (56.4 feet);
  • Including 160.63 g/t gold over 0.9 metre (3.0 feet).

PFR2009-12:

  • 1.00 g/t gold over 83.4 metres (273.6 feet);
  • Including 3.47 g/t gold over 2.2 metres (7.2 feet).
Bullboard Posts