The Monday Zone was discovered at the end of the Phase-Three drill program in December 2010. The discovery is the result of Premium utilizing its new geological model and exploration strategy outside of the Friday Zone.
Premium’s geologists believe that the Monday Fault has the potential to host another gold zone 300 m west of, and parallel to, the existing gold resources of the Friday-Petsite deposit (Friday Zone).
Two holes (PFR2010-19 & PFR2010-22) were drilled 900 m apart along a structural target identified by geophysics demonstrating potential continuity.
PFR2010-19: 1.4 g/t Au over 38.4 m including 9.4 g/t Au over 4.6 m
PFR2010-22: 2.1 g/t Au over 20.1 m including 5.5 g/t Au over 6.4 m
Gold-in-soil sampling will be used to locate the Monday Zone at surface with future drilling being targeted along strike to the north and south during the Phase-Four Exploration Program.
Structurally controlled mineralization along the Monday structural target correlates with the airborne geophysical trend, potentially linking with the Deadwood and Buffalo Gulch Zones to the north.