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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, March 05, 2010

High grade uranium intersections for Peninsula Minerals in Wyoming

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Drilling at Peninsula Mineral's (ASX: PEN) Ross, Wyoming uranium project has identified two new distinct mineralised systems.

A total of 59 development holes were drilled during February 2010 for a total of 32,355 feet at the Ross (Lance) Project.

The two highly mineralised trends are in close proximity to each other. These trends are open to both the north and south and have the potential to substantially increase the JORC estimates at the project area.

Peninsula is focusing on these and currently has four drill rigs operating at Ross, with three rigs chasing extensions of the mineralised trends while a fourth rig continues to test more sparsely drilled targets.

Executive Chairman Gus Simpson said “The discovery of these two new systems has the potential to add significantly to the Ross Project.”

Drilling in February revealed two new roll front systems. Best results were as follows:

- Hole RMR0257 intersected 8.5ft @ 960ppm U3O8 from 451.75’ to 460.25’ GT 0.82
- Hole RMR0285 intersected 20ft @ 310ppm U3O8 from 526.25’ to 546.25’ GT 0.62
- Hole RMR0261 intersected 17ft @ 330ppm U3O8 from 457.75’ to 474.75’ GT 0.56
- Hole RMR0237 intersected 6.5ft @ 590ppm U3O8 from 452.75’ to 459.25’ GT 0.38

Drilling commenced at Ross on 22 January 2010, of which 47 holes encountered significant mineralisation. A total of 38 holes recorded multiple stacked intersections of uranium mineralisation.

During the early October drilling program Peninsula encountered mineralisation in two holes within the ore zone of a roll front.

The Trend 1 holes were located approximately 200 feet from each other and demonstrated a Northeast-Southwest trend (RMR0084 – 8.5’@ 460ppm and RMR0086 – 5’ @ 540ppm). Subsequent 2010 drilling has extended the mineralised trend approximately 600 feet to the southwest of RMR0084.

During the early October drilling program Peninsula encountered mineralisation in one hole (RMR0085 – 16.5’ @ 220ppm) within the ore zone of a roll front. The North-South orientation of this trend is approximately 300 feet east of Trend 1.

February drilling has extended the mineralised trend 375 feet north of RMR0085. Highlights included hole RMR0257 which intersected 8.5’ @ 960ppm from 451.75’ including 2’@ 3,340ppm within the mineralised trend.

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