PEN 4.76% 10.0¢ peninsula energy limited

Correction to figureshbuntonAs per your request, I have crunched...

  1. 787 Posts.

    Correction to figures

    hbunton

    As per your request, I have crunched the numbers and had an interesting result.

    Compared to the last drilling update from Kendrick
    ___________________________________________________________

    Previous announcement:


    Of all holes drilled ( 85 ) only 12.94% were economic

    GT > 0.20 ( 11 ) were economic

    Average data for all economic holes:

    Average grade - 533 ppm

    Average thickness - 10.45 feet

    Average GT - 0.5570

    ___________________________________________________________

    Todays announcement:


    Of all holes drilled ( 236 ) only 13.14% were economic

    GT > 0.20 ( 31 ) were economic

    Average data for all economic holes:

    Average grade - 361 ppm

    Average thickness - 15.22 feet

    Average GT - 0.5494
    ___________________________________________________________


    I have noticed that the average depth of mineralisation from this round of drilling is:

    "905 feet"

    Would anybody like to comment on how this will affect well construction costs, based on the average in the EES ?

    Swiss


 
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