Peninsula Energy
Full Peninsula Energy profile here
Peninsula Energy (ASX: PEN) is an emerging ASX listed Uranium producer with assets in the USA and South Africa. The company is focused on advancing the Lance ISR Projects, located in the Powder River Basin, Wyoming USA through to production, and to take the Karoo Projects in South Africa further up the development curve.
Peninsula Minerals looks to drill deep disposal wells at Ross project
Thursday, July 22, 2010
Uranium developer and explorer Peninsula Minerals (ASX: PEN) has announced a major regulatory milestone in the licensing at its Ross project, which is part of the Lance Projects, located on the north-east side of the Powder River Basin in Wyoming, USA.
Peninsula has submitted an application for up to five deep disposal wells to the Wyoming Department of Environmental Quality/Water Quality Division. The Class I injection wells are planned to target the Cambrian Aged Deadwood/Flathead Sandstones at depths exceeding 8,200 feet below surface.
The study and application was completed by Petrotek Engineering Corporation of Denver USA and was received favourably by the WDEQ staff due to the comprehensive nature of the application document and pre-submission technical briefing.
The company said the target zone for the injectate demonstrates superior porosity and thickness.
In addition water quality estimates indicate that the receiving aquifer has a total dissolved solids (TDS) concentration exceeding 10,000 mg/L (drinking water is typically 400-800 mg/L) and that the water would not be suitable or usable for any other purpose other than as the proposed injection zone.
Gus Simpson, executive chairman, said, “this is just one of several significant applications that the State will receive in the next six months. We hope that it will be a model for further cooperation with the WDEQ.”
Peninsula anticipates submittal of the Permit to Mine application in December 2010 which will be soon followed by the NRC Source Materials License application.
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