Premium Exploration Inc. announced that assay results from drilling the deep zone at the Friday Gold Deposit in Idaho County, ID. The drill hole has confirmed continuity of a high-grade gold zone below the current bulk-tonnage gold resource. Two additional holes have been completed in the deep zone, and drilling is now focused on the shallow high-grade zone at the Friday.

The drilling is being done to support a preliminary economic study of the high grade at the Friday deposit and is designed to extend the high grade mineralization found in drill holes. Highlights Include: PFR20013-1: 15.19 g/t gold over 9.14 meters (30 feet), 5.62 g/t gold over 54.1 meters (177.5 feet); 2.69 g/t gold over 151 meters (496 feet). The ongoing drill program consists of twelve HQ core holes and complete assay results have now been received for the first drill hole PFR2013_1.

Drill hole PFR2013_1 was drilled 27 meters south of PFR2009_10 and intercepted the strongest mineralization at approximately 17 meters due to drill hole deflection. A zone of 54.1 meters (237.7-291.8 meters) encountered strongly silicified, clast-supported breccia rimmed with pyrite. This zone was also encountered in the next hole to be reported, PFR2013_2.

A suite of metallic screens will be completed on the high-grade intercepts as well as a selected grade range to better understand gold distribution. Approximately 50 samples will have metallurgical testing work performed in the near future to further understanding of the high-grade zone.