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Premium Exploration Drills 76.05 meters of 1.2 g/t Au, Including 10.52 meters of 3.76 g/t Au at the Friday-Petsite Project
Premium Exploration Drills 76.05 meters of 1.2 g/t Au, Including 10.52 meters of 3.76 g/t Au at t...
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nPremium Exploration Drills 76.05 meters of 1.2 g/t Au, Including 10.52 meters of 3.76 g/t Au at the Friday-Petsite Project\n\n\n Aug. 27, 2009 (TheNewswire.ca) -- August 27th, 2009, Vancouver, British Columbia: Premium Exploration (OOTC:PMMEF) Inc. (TSX-V:PEM)(the \"Company\") is pleased to announce that results have been received from an additional two holes from the Phase-One drill program with PFR2009-05 confirming the continuity of a high-grade gold zone within the current bulk-tonnage resource, which is expected to increase the current 531,890 oz inferred gold resource (OTCBB:GORO) at Friday-Petsite.Highlights include:PFR2009-05: 1.20 g/t gold over 76.05 meters (249.5 ft) including 3.76 g/t gold over 10.52 meters (34.5 ft) including 8.81 g/t gold over 2.90 meters (9.5 ft)As well as*: 1.13 g/t gold over 42.67 meters (140 ft) including 7.73 g/t gold over 4.57 meters (15 ft)*Interval is divided by a post-mineralization DikeThe drill program consisted of seven HQ core holes and assay results have now been received for the first five drill holes from Phase-One of the 2009 exploration program. Please see news release dated August 6th 2009 for the complete release of the first three holes; PFR2009-01, PFR2009-02 (the 0.40 meter over-limit has been received and assayed 10.39 g/t) and PFR2009-03. Click here for a cross section of PFR2009-01 http://www.premiumexploration.com/wp-content/uploads/2008/05/pfr2009-1-cross-section.pdf.Del Steiner (President) states, \"This program continues to produce very encouraging results; it is confirming the continuity of gold mineralization along strike, down dip, and will expand the current bulk-tonnage resource. Excellent near-surface values continue to be intercepted in these shallow holes and they (PFR2009-01, PFR2009-02, PFR2009-05) terminated in mineralization, continuing to leave the deposit open at depth.The broad zone of gold mineralization encountered in PFR2009-05 originally totaled 118.72 meters, but has been split into two discrete zones by the intrusion of a more recent unmineralized dike. This zone of mineralization is consistent with, and confirms, the grades of the existing resource originally calculated by Kinross Gold Corp. (TSX:K''C) (TSX:K''B) (OOTC:KNRSF) (NYSE:KGC) (TSX:K'U) (TSX:K) The decrease in hole spacing has confirmed continuity of the low-grade bulk-tonnage mineraliz...