Premium Exploration Inc. (TSXV:PEM,OTCQX:PMMEF) announced that it has received all assays from the test drilling at the Friday-Petsite Resource on the Idaho Gold Project. The Company also announced that it has embarked on two Environmental Assessments: one on lands administered by the Bureau of Land Management, and the other on the portion administered by the United States Forest Service.
As quoted in the press release:
Premium is pleased to report it has received all assays for the test RC drill hole for the planned 8,000 m infill program at the Friday-Petsite Resource. Upon examination of the results, Premium will determine whether to proceed with the RC drill method or return to diamond drill coring to ensure the highest and best QA/QC for the infill program, and will release the results to the public.
Premium has embarked on two Environmental Assessments (“EA”) to streamline its exploration at its Idaho Gold Project.
“This approach will allow us to consolidate what are currently eight smaller exploration permit applications into two, under which we will be able to conduct a district-wide evaluation of targets,” said Premium’s President and CEO Del Steiner. “After thoroughly evaluating the options for moving forward and after discussions with the permitting agencies as well as environmental organizations, it’s clear the two-EA method is the best regime for proceeding.”