Drill hole 10 is 85 metres away from hole 8 and it basically hit the exact same grade and length.. Very impressive and now this shows true size potential to keep expanding this zone at Friday.
"Nine of the ten step-out holes drilled to date have encountered nearsurface bulk-tonnage gold mineralization, extended the mineralized zonefrom 800 to 1,220 metres, and demonstrates the multi-million ozpotential of the Friday-Petsite deposit," stated Michael Ostenson,P.GEO., VP Exploration. "Upon defining the extent of the mineralizedzone along strike, Premium can then begin development to potentiallyincrease the resource. Until then, our plan is to continue stepping outto determine how large the zone really is."
Drill-hole PFR2011-10 is an 85metre step-out from previously reported PFR2011-8 which returned 1.0 g/tgold over 117.7 metres including 2.9 g/t gold over 9.1 metres, alongthe 5 km gold-in-soil anomaly that correlates with the +5 km structuraltarget identified by geophysics. The drilling extends the strike lengthof the Friday Main Zone 155 metres north, and mineralization between theNorth Zone and the Main Zone is now interpreted to be continuous.
----------------------------------------------------------------------------Drill-Hole Zone From (m) To (m) Interval (m) Au g/t----------------------------------------------------------------------------PFR2011-10 Friday 64.0 181.4 117.4 1.0----------------------------------------------------------------------------146.9 151.8 4.9 3.3----------------------------------------------------------------------------