Premium Exploration Drills 1.14 g/t and 127.4 g/t Ag at Nueva Galicia Project, Nayarit, Mexico
Premium Exploration, Inc. (TSX-V:PEM) (”Premium” or the Company”) (www.premiumexploration.com) is pleased to announce drill results for the silver-gold Nueva Galicia Project in Nayarit, Mexico.
Highlights Include:
- NG-08-023: 1.14 g/t Au and 127.4 g/t Ag over 3.65 m
- NG-08-021: 4.21 g/t Au and 433.5 g/t Ag over 0.70 m
- Including 7.51 g/t Au and 1024 g/t Ag over 0.50 m
- NG-08-025: 2.44 g/t Au and 305 g/t Ag over 1.0 m
Previous Drilling at Nueva Galicia Returned the Following High-Grade Results:
- NG-07-001: 7.84 g/t Au and 814 g/t Ag over 2.6 m
Including 14.79 g/t Au and 1280 g/t Ag over 0.73 m - NG-07-013: 8.79 g/t Au and 1309 g/t Ag over 0.76 m
Including 18.1 g/t Au and 3327 g/t Ag over 0.28 m
This press release provides the details for core holes NG08-015 to NG08-026. Drilling totaled 927m bringing the total meters completed at Nueva Galicia to 1,550 m of the initial 2000 m program. Click here to for the Nueva Galicia 2008 Completed Drill Program Map.
For previously released results, click here: September 17, 2007 NG Drill Results and March 25, 2008 NG Drill Results.
Drill results from NG08-015 to NG08-26 are encouraging. However, Premium Geologists believe that the brecciated, sheared and broken nature of the mineralized zones, resulted in poor core recovery (0% to 75%) which may have impacted the assays due to the loss of fine particular gold and silver sulphides by washing and does not accurately represent the true grade of the mineralization.
To verify if core loss and sulphide washing were factors affecting Nueva Galicia drill results, Premium implemented a process to recover drill mud for lab analysis. The analysis revealed elevated levels of gold and silver. This indicates that fine-grained mineralization was flushed from the mineralized zones during the drilling process and actual grades are unknown at this time.
As a result, Premium Exploration has since implemented a policy of using a drilling technique utilizing a “triple-tube” to significantly reduce the risk of poor core recovery in the future.
Nueva Galicia Diamond Drilling Significant Assay Summary
|
Drillhole |
From (m) |
To (m) |
Interval (m) |
Estimated True Width (m) |
Au (g/t) |
Ag (g/t) |
|
|
NG08-015 |
90.50 |
100.64 |
10.14 |
5.07 |
0.30 |
49.2 |
|
|
Including |
97.50 |
100.64 |
3.14 |
1.57 |
0.48 |
97.7 |
|
|
Including |
93.78 |
100.64 |
6.86 |
3.43 |
0.41 |
62.7 |
|
|
NG08-016 |
27.05 |
29.40 |
2.35 |
1.60 |
0.07 |
7.82 |
|
|
Including |
27.05 |
27.5 |
0.45 |
0.31 |
0.30 |
36.9 |
|
|
NG08-017 |
Core Loss Poor Recovery |
||||||
|
NG08-018 |
67.06 |
71.20 |
4.14 |
2.82 |
0.40 |
87.1 |
|
|
NG08-019 |
52.90 |
55.55 |
2.65 |
1.70 |
0.23 |
32.6 |
|
|
NG08-020 |
Core Loss Poor Recovery |
||||||
|
NG08-021 |
76.3 |
77.7 |
1.40 |
0.70 |
4.21 |
433.5 |
|
|
74.25 |
77.7 |
3.45 |
1.73 |
2.85 |
356.1 |
||
|
NG08-022 |
Core Loss Poor Recovery |
||||||
|
NG08-023 |
76.3 |
77.7 |
1.40 |
0.70 |
0.19 |
80.5 |
|
|
74.25 |
77.7 |
3.45 |
1.73 |
1.14 |
127.4 |
||
|
NG08-024 |
Core Loss Poor Recovery |
||||||
|
NG08-025 |
21.60 |
23.16 |
1.56 |
1.00 |
2.44 |
305.0 |
|
|
18.50 |
26.16 |
7.66 |
4.92 |
0.58 |
121.4 |
||
|
NG08-026 |
20.00 |
23.16 |
3.16 |
2.03 |
0.46 |
116.4 |
|
QA/QC
A program of Quality Assurance and Quality Control comprised of duplicate sampling and the insertion of blank samples. A total of 343 core samples collected from Holes 15-26 (NG-08-015 to NG-08-026) comprised of 14 blanks and 12 duplicates. Quality assurance samples are inserted prior to shipping to the lab. Results suggest lab assays are within acceptable accuracy limits.
Inspectorate Laboratories analyzed drill core and rock samples. Samples were prepared in Durango, Mexico and pulps sent to Reno, Nevada, USA for assaying. Inspectorate is registered with ISO 9001: 2000 accreditation. The laboratory conducts internal quality checks, including standards and replicate analyses.
All drill