powder river basin gets a big write upfor u3o8, page-12

Lance Project Background
The Lance Projects are located on the North-East flank of the Powder River Basin in Wyoming.
The original NuBeth Joint Venture between Nuclear Dynamics Inc, Bethlehem Steel
Corporation and later Pacific Power and Hydro (“NuBeth JV”), discovered thirteen substantial
zones of uranium mineralisation associated with an extensive system of roll fronts confirmed by
drilling between 1970 and 1979.
As part of this exploration program, the NuBeth JV drilled more than 5,000 exploration and
development holes, totalling in excess of 912,000 metres. A proprietary database of the historic
drilling and pilot plant data was acquired by Peninsula in the second half of 2007, defining a
relatively unknown uranium district. Peninsula is the dominant mineral rights holder in this rediscovered
uranium province.
http://www.infomine.com/index/pr/Pa795004.PDF