Premium Exploration (PEM.H.V)

Have a number of properties that have not had much work on them in the last decade. It looked like there were a number of locations that should be drilled. Is convinced they have something but they have to find it.

Has a project in Idaho. High-grade chute that runs to depth along a structure and by itself is not a large deposit. So they now have to find more along a trend which could make it economic.

Gold in Idaho and chrome in Montana. He has yet to see that the gold is a significant deposit. Pulled some good holes recently but until he sees a long section that shows exactly where the drill intersects the vein, he is holding off on it.

Likes the Buffalo Gulch project in Idaho. Relatively small deposit of only about 100,000 ounces but fully permitted and can be put into production quickly. Another 100,000 ounces or so, also in Idaho. Management team is more for exploration than production so expect a spin-off company. Exploration focus is on properties in Mexico now. Farming out a platinum metals exploration project in Montana, which is very expensive. Speculative but a lot of upside potential.