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

Penbar Capital Ltd

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Post by InarRockson Nov 08, 2010 8:55am

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Post# 17672235

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Premium Exploration Inc. (CVE:PEM) continues gold mineralization inthe 10,000 meter Phase-Three program at the Friday-Petsite Gold Project.

The press release is quoted as saying:

Premium has currently drill-validated 1 km of strikelength at the Friday-Petsite. Mineralization is associated with theFriday Fault, the east bounding fault of the Orogrande Shear Zone.Drilling is focused on the eastern boundary of a 3.0 km gold-in-soilanomaly and a 3.0 km ground magnetic geophysical anomaly interpreted tobe 3.0 km’s of the Friday Fault.

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