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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

Penbar Capital Ltd
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Post by ontheDLon Aug 03, 2011 4:54pm
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Post# 18900762

Resource Investing News

Resource Investing NewsResource Investing News(8/2/11)
"At its wholly-owned Idaho Gold Project, Premium Exploration Inc. has two drill rigs testing its Deadwood zone exploration target and one drill is working on the Friday zone, conducting step-out drilling along strike to the south of the Friday-Petsite resource. Positive assay results from step-out drilling could potentially increase the current resource (343 Koz. Indicated at 0.9 g/t gold; 779 Koz. Inferred at 1.04g/t gold). Since the start of the Phase-Four drill program, the company has extended the strike length of the Friday mineralization by 45%.Exploration drilling along the balance of the 172km property is designed to make new discoveries as the company's goal is to demonstrate a gold camp with the potential for many deposits."
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