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To: james flannigan who wrote (695)5/14/2012 1:05:52 PM
From: kaliho   of 792
 
it's a nice wish, but the facts tell us a different story.

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To: kaliho who wrote (696)5/16/2012 2:33:35 PM
From: kaliho   of 792
 
back at 6 cents, after a new 5.5 cent low

I understand we should hear about the new NI next week, whenever it comes is not soon enough.

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From: kaliho5/18/2012 1:10:35 PM
   of 792
 
Rick Ackerman will be interviewed on Bloomberg today in NYC at 4:15pm ET


bloomberg.com 

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To: kaliho who wrote (698)5/18/2012 4:55:56 PM
From: kaliho   of 792
 
Rick Ackerman will be interviewed on Bloomberg today in NYC at 4:15pm ET


bloomberg.com 


I was very surprised, PEM was one of 3 gold stocks he likes. Rick had only good things to say.
I have now decided to wait and see what happens and be more positive.

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To: kaliho who wrote (699)5/18/2012 5:50:08 PM
From: maxi13   of 792
 
Do you have a link to the interview?

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To: kaliho who wrote (699)5/20/2012 7:22:29 AM
From: james flannigan   of 792
 
We must look at the facts. I have NEVER NEVER EVER seen a market crash such as the one the JRs are in now.Many stocks have lost between 60 and 90% of their high values. During the Bre-X collapse the same was true in terms of capital wiped out.But this crash is far greater than the Bre-X induced collapes.During the Bre-x fiasco the spot price of gold was around $350.Now gold trades for $1600 making the current value destruction much greater in capital loss.I do not think there was ever a time in the history of the TSXV were gold was trading at record highs and gold JRs at record lows with this kind of value destruction.

I have also to conclude that PEM along with the other 6000 jrs is not alone or the fault of the management of PEM.In the market crash of 08 one could buy a share of PEM for 6 cents but there was no gold discovered.Now one can buy a million oz deposit with a step out foot print suggesting 2 million oz.

So we can see that using the 6 cent benchmark with no gold and now what is going to shape up soon to a 2 million oz target for only 6 cents its not hard for most to understand the kind of gains that are in store for PEM buyers who can look through the valley.I suspect when the turn comes we will see another history making event on the TSXV. rapid steller gains the kind that has made gold JRs investors rich.

All we have to do is find JRs with the goods. PEM fits the bill.

James

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From: james flannigan5/25/2012 1:37:14 PM
   of 792
 
Most go ashore in rough seas.But I like to go sail in them.When you arm yourself with facts and see an outstanding pospect were others only see danger, great rewards come to the brave.

I arm my self with facts
and they are:

PEM has a million oz deposit,and that will grow to 2 million when we get funds to
drill. ( fact)

PEM has water rights and the phase 3 power to its projects.
(fact)
It has roads to it projects.(fact)

Mike O knows were to find the gold.
(fact)
The company thinks the Friday deposit is linked at depth to the Deadwood Zone and
further south of friday for another
3.5km.(speculation but could one day be a fact)

The new stepout drilling at Friday is now pointing to 100 million tons.(fact)

A spill over effect of the growing Midas discovery will happen and shine the light on
PEM.
(speculation but could one day become fact)
Midas can not afford to let PEM slip away from them.If they buy PEM then they will
have a near state monopoly of the
future Idaho gold production.( speculation but could one day become fact)

This story is far from over and our group knows the facts.

I added 10,000 more today and all of our group would be wise to do the same.

James

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From: james flannigan5/27/2012 7:21:18 AM
   of 792
 



Friday, April 22, 2011


Gold Occurrences in Idaho



According to the latest news about gold mining in Idaho, Premium Exploration Inc. (CVE:PEM) have focused their efforts on emerging gold district in Idaho in an area known as the Idaho Gold Project this is a district sized property that is seen over 13,000 m of recent drilling. This area is found in the Orogrande shear zone is a significant regional structure and also the conduit for multiple zones of gold mineralization. In many respects it is similar to the gold deposits found in the Carlin trend of Nevada. At present the Idaho Gold Project is 100% owned by Premium. At the present time Premium is working on an updated resource estimate along with a comprehensive 25,000 m drilling program.


A Yankee Fork Stamp Mill used to process gold and silver ore at the Custer Mine in Idaho.
Photo by Tinosa





The so-called Idaho Gold Project is located in Central Idaho as an epithermal deposit in the Cretaceous Idaho batholith and Precambrian basement rock where it is the conduit for alteration and extensive mineralization. It is also gone through several intrusions of rhyolite, dacite and trachyte during the Eocene.


There was a considerable amount of placer and lode gold in the area from the 1860s until the 1930s. During that time it produced over 8,000,000 ounces of gold, and had over 20 historic mines. It wasn't until the 1970s however before modern mining and exploration techniques occurred within the area.


In 1940 report was good to go on their Idaho, C.A. Bottlfsen that was titled, “Mining Activity on the North Fork of the Clearwater River Area.” This report generated a considerable amount of interest in the area of the Clearwater River as well as Clearwater and adjoining counties in Idaho. This area is drained by the gold bearing Clearwater River and its tributaries.


The Argo Gold Mine and Mill in Idaho Springs.




The gold prospecting in Idaho usually lasts from roughly April 1 to November 1, clever if there's an open winter the prospecting season can be extended. The availability of water to carry on prospecting activities often dwindles after mid-June unless the prospector carries water to the prospecting site.


It isn't for nothing that Idaho was called the Gem State because it is the producer of many gemstones as well as gold and silver. Up to this point most of the gold that has been produced in Idaho comes from the upper part of the panhandle where it is found that placer deposits containing many gold nuggets. The town of Murray is one of the best places to prospect, and because nuggets are so common you should come with a metal detector.


There was a time of Murray on a hotel owner wanted to go prospecting, but decided it was too cold outside. His solution was to cut a hole in one of the bedroom floors where he then go down 30 feet to bedrock to get at The gold. Another mine in the area of Murray was named the Jackass Mine that was literally found by a miner’s donkey. This is the kind of mining lore you can expect to hear in Idaho.


Two of the areas where you’re most likely to find gold are at the forks of the Pend Oreille River However, the hottest spot in the state is Boise County that has produced over 3 million troy ounces of gold from the 300 square miles of gravel that is found in the county. It would be a good idea to check out all watercourses and gravel arroyos to the northeast of Boise and close to Idaho City.


It is interesting to find the area around Boise is in a geothermal area that supplies the city with a large quantity of geothermal heat. The same area is also a place where gold is being actively deposited in areas where the geothermal liquids dropped below 200°C. It is common to find nodules of silica when you are digging within the area that in many places appears to be waterlogged. There are also known to be diamond bearing kimberlites in the same area, so you have your choice between gold and diamonds.


Boise County is not the only place where you can find gold in Idaho. The following counties are also listed for placer gold mining: Ada, Adams, Bingham, Blaine, Bonneville, Camas, Clearwater, Custer, Elmore, Idaho, Kootenai, Letah, Lemhi, Nez Perce, Owyhee, Power, Shoshone and Valley. It would be a good idea to check the watercourses and gravel arroyos found in these counties.
Aside from the gold that is found along the Clearwater River and its tributaries this river also produces star garnets that produce a star effect when cut en cabochon. The only other place where garnets like this are found is some locality in India. Jasper is found here also with at least one of the mines open to the public is the jasper mine at Willow Creek.


Idaho produces large quantities of precious opal of both faceting and cabochon grade. that displays a considerable play of color. One largest opal mines in the United States is located in northeastern Idaho called the Spencer Opal mine it is largest in the state.


Information about these mineral deposits in Idaho is available from different state and federal agencies. Sometimes you can find local history books to discover what kind of minerals were mined in a particular town.


The type of mining that went on in Idaho makes the use of a metal detector practically a necessity. Different manufacturers actually produce metal detecting instruments that are capable of detecting gold. Many of the gold nuggets that have been found are actually the result of metal detectors. A particularly good area to investigate is old mine tailings from dredge operations like the one in Boise County.


We recently became a dealer for the Garrett line of metal detectors and other gold mining equipment including gold pans and gold panning kits. Please watch for future announcements about the Garrett line of products.



Posted by Geotek at 5:14 PM
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To: james flannigan who wrote (702)5/29/2012 12:18:23 PM
From: bluesailmesa   of 792
 
James or anyone else - do we have further information re: submittal of documents for BCSC 43-101 compliance requirements? PEM has been saying by the end of May/early June ... Does anyone have updated info/timeline? thx...

BSM

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To: bluesailmesa who wrote (704)5/29/2012 2:43:18 PM
From: james flannigan   of 792
 
My understanding was it would be filed by the end of May. So we might get some kind of an update.As for drilling at Friday I think they wanted to start in early June, so maybe thats coming soon as well.

Taking a look at GQC in this business you are only 1 hole away from 1000% gains. Friday drill intercepts should never be trading as low as 7 cents.Not for those kind of stunning holes like Friday has produced in the rich section.
To put it into context Terraco Gold with its Almaden Project in Idaho has drill over 600 holes to identify 700,000 oz.In contrast PEM has only drilled a few dozen and outlined 1.1 million oz at Friday with the new step out holes suggesting the 5000m RC drilling to start pointing to a 2 million oz discovery.

Mike O has told me that the RC program will only take a month to drill.Its much faster than core drilling.
As I have stated we maybe only 1 hole to turn the share price sharply higher.Investors who look at the current Friday drill data and see those holes should blindly buy PEM shares.THE GOLD IS THERE AND ITS A HELL OF A LOT MORE THAN 2 million oz as per my conversation with Mike O.

I have been taking advantage of the fear of the unknown with the 43-101 and buying PEM almost every day as I do not see any big changes in the gold inventory.If so the stock could mount a smart rebound.I bought more today.

James

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