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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: PEN
News: Latest news
Web Site: Peninsula Minerals
Other Articles: 22-07-201019-07-201014-07-2010

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Thursday September 02, 08:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Friday September 03, 01:02TD Bank posts 29% increase in Q3 profits on strong retail earnings growth

"Our third quarter results really tell the growth story of our retail businesses on both sides of the border, with our total adjusted retail earnings hitting a new high of $1.3 billion, up 21% from last year," said president and CEO Ed Clark.

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Wednesday September 01, 10:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Peninsula Minerals

Peninsula Minerals

Peninsula Minerals Limited is an ASX listed (ASX Code: PEN) uranium developer / explorer with assets in the USA, South Africa and Australia. Its primary focus is on uranium development and exploration through its Lance projects, located in Wyoming, and its Karoo projects in South Africa. The Company’s strategy shifted towards uranium mining in late 2005 when it acquired the Karoo projects and then, in 2007, it acquired additional uranium permits in the USA and Australia. The Company is targeting first production of 1.5 million pounds of uranium per annum from Wyoming in 2012 with additional production of 3 million pounds of uranium per annum planned from South Africa in 2017.

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Friday, February 12, 2010

Peninsula Minerals has more high grade uranium intersections at Barber

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Peninsula Minerals (ASX:PEN) has been conducting intensive drilling at its Barber Project. Exploration commenced on 16 October 2009, with 109 holes completed to date. 80 holes have encountered significant mineralization.

Executive chairman Gus Simpson said, “the drilling program at Barber continues to expand the known mineralisation and is meeting expectations. It is also very pleasing that we now have all the Lance data in an electronic format that will allow us to commence JORC calculations.”

In January 2010 the company conducted a further 30 development drill holes, totalling 15760 feet through sandstone and shale formations.

The focus of the drilling was on upper zone roll front targets with numerous thick, high grade intercepts again encountered in shallow zones. 

The new drilling has been predominantly in section 15 of the site, with results indicating higher grade mineralization at average depth in the 350-500 feet range.

Data from drilling includes significant results:

- Hole RMR0160 intersected 8.5ft @ 590ppm U308
- Hole RMR0160 intersected 5.5ft @ 960ppm U308
- Hole RMR0164 intersected 11ft @ 410ppm U308
- Hole RMR0165 intersected 4ft @ 1200ppm U308
- Hole RMR0201 intersected 8ft @ 900ppm U308

The scale of drilling and repeated intersections with higher mineralization loads in previous drilling conducted last year has also included drilling in the Ross area, testing more sparsely drilled areas of section 18.

The majority of holes have intersected mineralization, confirming that roll fronts extend into these areas.

As of February 2010, the combined NuBeth and Peninsula database of 3,698 holes has been combined, with 2043 holes showing reportable grades of U3O8.

A resource modelling strategy, combining 3D polygonal with GT contour method has been designed to produce a JORC-compliant inferred resource.

 

 

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