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Evaluating, Acquiring and Advancing Precious Metals Projects in North America
Premium Exploration, Inc. is a TSX-V listed precious metals explorer specializing in prospect generation in Mexico and the United States. Utilizing a joint venture strategy, Premium maintains interests and royalties in multiple projects, thus maximizing shareholder exposure to mineral discovery. Premium's portfolio currently holds projects in various stages of exploration, including grassroots projects in Mexico, and advanced-stage exploration project in Montana, USA, and a 43-101 resource in Idaho, USA which is undergoing permitting for production in 2009. Currently, Premium is advancing the Chrome Mountain platinum group metal project in Montana, USA, and the Buffalo Gulch gold deposit in Idaho, USA, while exploration and negotiation of joint ventures and acquisitions in Mexico and Idaho are in progress.
 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
- Quartz veins and stockwork zones - 4500 meters mapped to date
- 18,125 hectares with excellent infrastructure
- 10 high-grade silver-gold ore shoots with potential 150,000 ounces of gold equivalent each
- Continuation of 2000m drill program in progress. Exploration highlights:
10.2 g/t Au, 309.8 g/t Ag over 2.8m from 12.6m depth
8.79 g/t Au, 1309.7 g/t Ag over 1.52m from 18.9m depth
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 1990's - potential for additional high-grade mineralization & bulktonnage
- Low-cost open-pit, bulk tonnage and high grade vein targets
- 1,136 hectares with good infrastructure
- Phase I - mapping and sampling complete
- Joint venture talks underway
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 over 1000 meters by 300 meters
- 300 hectares with excellent infrastructure
- Phase I - mapping and sampling complete
- Joint venture talks underway
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.
- Exploration Targets: Gold, Silver
- Disseminated bulk-tonnage & high grade vein target
- Three major quartz veins with argillic alteration and stockwork
- 9644 hectares within geological & structural corridor hosting multi-million oz deposits
- Potential to host 50,000,000 tons of grades averaging 0.4 g/t Au to 0.8 g/t Au and 5.0 g/t Ag to 40 g/t Ag
La Lupe Property, State of Durango
The property is located in the Sierra Madre region of western Durango and consists of 900 hectares.
- Exploration Targets: Gold, Silver
- Preliminary sampling returned significant results, including 0.90 meters of 8.4 g/t gold, 5,337.5 g/t silver, 2.91% lead and 3.92% zinc, and 1.60 meters of 11.8 g/t gold and 35.6 g/t silver.
- located in the Sierra Madre of western Durango
Chrome Mountain Joint Venture 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
- Platinum, palladium and rhodium within the Stillwater Layered Intrusive Complex
- 2300m x 1000m wide soil anomaly with values up to 1.3 g/t PGM
- 970 hectares with excellent infrastructure
- One kilometer from the producing East Boulder PGM Mine
- Drill results pending - platinum & palladium results resubmitted for rhodium and ruthenium assaying
- $3,000,000 Joint Venture funded by Beartooth Platinum Corporation to earn a 50% interest in PGM target
- $5,000,000 to earn 80%
- Upon completion of earn-in, Premium will maintain 20% carried interest
- 1% Net Smelter Royalty to PEM
Chrome Mountain PGM Project, Montana, USA
Pine Claim Shear Zone
- Exploration Targets: Platinum Group Metals, Gold
- Within the Stillwater layered mafic intrusive complex
- Later-occurring gold mineralization superimposed on the PGM mineralization
- Historic 550m drill program and Phase I mapping and sampling complete
- PC-2 intersected 26.2 ft contained 16.9 g/t Au
- PC- 5 intersected 8.6 ft of 29.7 g/t Au
- PC-9 intersected 15.9 ft of 16.6 g/t Au
- Mapping and soil sampling scheduled for 2008
South Orogrande Shear Zone, Idaho, USA
Friday/Petsite - Letter of Intent
- Exploration Target: Gold
- 531,890 oz inferred resource (43 101) - open along strike and depth
- Disseminated bulk tonnage and high grade vein targets
- 26 mile strike length
- Historic 192 drill holes,100 ft center spacing
- High grade vein within envelop
- Phase I exploration - close spaced soils and geochemistry scheduled for 2008
South Orogrande Shear Zone, Idaho, USA
Dixie - Letter of Intent
- Exploration Target: Gold
- 17 claims
- Geochemical outlined area of anomalous gold values
- Phase I exploration - close spaced soils and geochemistry scheduled for 2008
North Orogrande Shear Zone, Idaho, USA
Buffalo Gulch - Letter of Intent
- Exploration Target: Gold
- Historic disseminated gold deposit; 100,000 oz through feasibility
- Historically permitted as an openpit gold mine by Bema Gold - viable at $450 oz gold
- LOI to Joint Venture exploration and development with Clearwater Mining Corp.
- Scoping study in progress - Plan of Operations submitted for repermitting to the Bureau of Land Management
Del Steiner, President, Chief Executive Officer & Director
- Took Premium Exploration public, March 2006
- Took Idaho Consolidated Metals Corporation public, 1981
- Past president and CEO of Idaho Consolidated Metals Corp 1981 - 2001
- Practiced natural resource and environmental law since 1974
- Specializes in contract negotiations and environmental law consulting to mid-tier producers
Nancy Reardon, Chief Operating Officer, VP Exploration & Director
- Exploration Manager & QP, Mexico: Radius Gold Inc., 2005 - 2006
- Contract Geologist & QP - Nicaragua: Radius Gold Inc., 2004 - 2005
- Geological Consultant for Miramar Mining Corp, Hope Bay Project, NWT, 2003
- Vice-President, Atna Resources Ltd., 1996
- 18 years mineral exploration experience in Canada, Mexico, Central & South America
Vanessa Bachman, Chief Financial Officer
- Corporate Secretary for Idaho Consolidated Metals & Beartooth Platinum Corp., 1997 - 2001
- 10 years of accounting, finance and audit experience in junior exploration
- B.A. Accounting, University of Idaho, 1993
Lisa Maxwell, Corporate Secretary / VP Corporate Development
- 15 years as an independent consultant working internationally with project management experience
- Director of Operations, Merit Learning Corp; VP Corporate Development, Sutton Javelin Communications
- Public Consultation & Marketing Coordinator, Rapid Transit 2000 Ltd, Millennium Line
Robert McLeod, Director
- VP Exploration and Director, Full Metal Minerals Ltd. (TSX:FMM)
- Exploration Geologist & Project manager, Miramar's Hope Bay project, part of Naartok discovery
- Previously Vice President of Exploration for Atna Resources Ltd.
- B.Sc., University Of British Columbia, Canada, M.Sc., Geology, Queens University, Canada
- Planning, budgeting, evaluation and supervision of exploration & mine development projects
Barney Green Lee Portillo, Director
- Licensed Surveyor and Mineral Staking Agent (Perito Minero) in Mexico
- Consulant to Grupo Mexico, Penoles, Barrick Gold and others in Mexico
- Practiced topography and surveying under the Mexican Federal Government (Federal Mining Bureau)
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
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