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A Unique Precious Metals Explorer Focused on North America
Premium Exploration, Inc. is a unique precious metals explorer listed on the TSX Venture Exchange (TSX-V:PEM), and focused on discovery and development exploration in Mexico and the United States. The Company is founded on an innovative and successful management team committed to maximizing shareholder exposure to mineral discovery, the most profitable stage of exploration.
Premium's portfolio holds gold, silver, platinum, palladium and rhodium projects which vary from grassroots exploration to near term production projects. The Company advances projects through joint ventures allowing Premium to focus on strategically chosen projects with significant exploration potential and near-term cash flow in under-explored precious metal belts that host multi-million ounce deposits.
 Nueva Galicia Project, State of Nayarit
The Nueva Galicia Project consists of approximately 18,125 hectares. The project has excellent infrastructure, situated three kilometers (two miles) from Compostela (pop. 15,000), 130 kilometers (80 miles) northeast of the port of Puerto Vallarta and 190 kilometers west of Guadalajara.
- Exploration Targets: Silver, Gold
- 10 high grade silver gold ore shoots, one historically produced 150,000 oz of gold equivalent (60:1)
- Quartz veins and stockwork zones
- Intercepted unexpected zone at depth - results pending
- 2007 Initial drill results:
a) 7.84 g/t gold and 814 g/t silver over 2.60m, including 14.79 g/t gold and 1280 g/t silver over 0.73m
b) 8.79 g/t gold and 1309.7 g/t silver over 1.52m
San Pedro Analco Project, State of Jalisco
The San Pedro Analco property consists of 1,136 hectares covering an extensive low sulfidation silver/gold epithermal system located within the Cinco Minas - San Pedro Analco mining district, 70 kilometers northwest of Guadalajara.
- Exploration Targets: Silver, Gold
- Past producing silver mine until 1988
- Once optioned by Fresnillo
- Potential to host historic reserves and bulk tonnage with high grade vein targets for mineralization expansion
- Joint venture negotiations underway
- Preliminary sampling returned:
1,390 g/t silver and 0.85 g/t gold over 3.15m
534.5 g/t silver and 0.78 g/t gold over 3.50m
Rosamorada Project, State of Nayarit
The Rosamorada project consists of 300 hectares at approximately 100m elevation, within two kilometers of the Pan American highway and less than one kilometer from an active rail line. A high-tension powerline crosses the property.
- Exploration Targets: Gold, Silver
- Low cost open-pit, bulk tonnage target
- Quartz veining and stockwork
- Trenching results pending
- Located within Nayarit Gold's claims
- Joint venture negotiations underway
- Surface sampling returned:
Up to 6.1 g/t Au & up to 437 g/t Ag
Bonanza Project, State of Guanajuato
Bonanza Gold Property is located six kilometers from the town of Victoria and 70 km from the city of Queretaro. Under this option Premium will acquire the right to purchase 599 hectares from the property vendor.
- Potential to host 2.0 M oz of Au-Equivalent 50 M tons of 0.8 g/t gold and 40 g/t silver
- Disseminated bulk-tonnage and high grade vein
- Three major quartz veins and stockwork
- 49 km from Starcore Int'l Ltd San Martin Mine
La Lupe Property, State of Durango
The property is located in the Sierra Madre region of western Durango and consists of 900 hectares.
- Bonanza grade gold and silver veins and high-grade poly metallic veins
- Quartz veins and stockwork zones
- Surrounded by world class deposits:
Great Panther, Topia - 30 km
Penoles, La Cienga - 43 km
Goldcorp, San Dimas - 125 km
- Initial sampling of adit ceiling returned:
5,337 g/t silver and 8.0 g/t gold over 0.90 m
Chrome Mountain PGM Project, Montana, USA
The Chrome Mountain project is a platinum, pallaldium, rhodium and gold target located approximately 1.5 km from the East Boulder Mine's underground drift within the ultra-mafic layered intrusion of the Stillwater Complex.
- Exploration Targets: Platinum Group Metals
- 1.5 km from East Boulder Mine underground drift (SWC)
- 2300m x 1000m wide soil anomaly averaging 1.0 g/t PGM
- Potentially a "Feeder-Zone"
- High-grade targets of anomaly scheduled for drill testing Q3/08
- Initial drilling of the peripheral area of the anomaly returned UG2-style results:
116.7m of 1.0 g/t PGM+Gold including:
6.3 g/t PGM + Au over 1.2m
4.8 g/t PGM + Au over 1.2m
11.9 g/t PGM + Au over 0.3m
Chrome Mountain PGM Project, Montana, USA
Pine Claim Shear Zone
- High-grade epithermal gold and PGM mineralization
- Within Chrome Mountain claims, S-SE of PGM soil anomaly
- Mapping and soil sampling scheduled for 2008
- Historic drilling includes:
26.2 ft contained 16.9 g/t gold
8.6 ft of 29.7 g/t gold
- Historic sampling returned:
3.29 g/t Pt, 8.3 g/t Pd and 1.06 g/t Rh
South Orogrande Shear Zone, Idaho, USA
Friday/Petsite - Letter of Intent
- 531 890 oz inferred resource (NI-43-101)
- Drill permitting in progress for unexplored for high grade intercepts:
9.9 g/t gold over 21m, Including 74.85 g/t gold over 1.5m
- Open along strike and depth
- Close spaced soils and geochemistry complete - results pending
- Preliminary drill plan slated Q3 2008
South Orogrande Shear Zone, Idaho, USA
Dixie - Letter of Intent
- Exploration Target: Gold
- 17 claims, two miles south Friday-Petsite
- Geochemical outlined area of anomalous gold values
- Close spaced soils and geochemistry scheduled for 2008
North Orogrande Shear Zone, Idaho, USA
Buffalo Gulch - Letter of Intent
- Exploration Target: Gold
- Historically permitted and began construction as an open pit gold mine by Bema Gold Corp
- LOI to Joint Venture with Clearwater Mining Corp.
- Scoping study in progress and permitting is being fast tracked by BLM
- Construction projected for Q4 2009
Del Steiner, President, Chief Executive Officer & Director
- Brought Premium Exploration public, March 2006
- Brought Idaho Consolidated Metals Corporation public, President and CEO 1981 - 2001
- Instrumental to the development of Buffalo Gulch, Friday-Petsite, Chrome Mnt.
- Specializes in contract negotiations and environmental law
- Practiced natural resource and environmental law since 1974
Grant T. Smith, Chief Financial Officer
- Two years as CFO and/or Controller for Canadian publicly traded companies
- Controller of Primary Metals Inc, a Canadian public mining company
- Five years public accounting experience with PricewaterhouseCoopers
- B.F.A from York University in Toronto, designated Chartered Accountant
Barney Green Lee Portillo, VP Mining Development - Mexico & Director
- 25 years experience in Mexico mining industry
- Licensed Surveyor and Mineral Staking Agent under the Mexican Federal Government (Federal Mining Bureau)
- Expertise in mining, labour employment and property law in Mexico
- Project management experience with Barrick Gold, Glamis Gold and Kimber Resources
Lisa Maxwell, Corporate Secretary / VP Corporate Development
- 15 years as an independent consultant working internationally in project management
- Director of Operations, Merit Learning Corp; VP Business Development, Sutton Javelin Communications
- Public Consultation & Marketing Coordinator, Rapid Transit 2000 Ltd, Millennium Line
Investor Relations:
Brett Delaney/Christine Kopr
Telephone: (604) 682-0243
Corporate Office:
Premium Exploration Inc.
Suite 1010, 750 West Pender Street, Vancouver, B.C., Canada V6C 2T8
Telephone: (604) 682-0243
Fax: (604) 682-2499
Email: ir@premiumexploration.com
Web site: www.premiumexploration.com
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Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of the Premium Exploration Inc. regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Premium Exploration Inc. expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities.
The forward-looking statements contained in this company profile are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Investcom, its
employees, officers or directors guarantees the accuracy or completeness thereof, nor shall any of them be liable to the user or to any other person, firm or corporation whatsoever for any inaccuracies, errors or omissions contained herein nor for any damages arising therefrom or occasioned thereby. Investcom is not an investment advisor, readers are highly recommended to consult his Financial Advisors before making any investments related to any specific companies mentioned in Investcom's web site. The use of this profile is limited to the recipient. Review of this profile by any other party is expressly not authorized. The user is expressly not authorized to duplicate this profile or make all or a portion of this profile available to third parties in any manner or form without the prior written consent of Investcom. Investcom may have been paid a fee by the featured company and the featured company may have contributed to printing and other related expenses. In addition, Investcom, its directors, officers
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