Ann: Peninsula End of Year Update, page-10

The Lance Projects are located on the North-East flank of the Powder River Basin in Wyoming, USA. 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 mineralization 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, totaling in excess of 997,375 yards (912,000 meters). A proprietary database of the historic drilling and pilot plant data was acquired by Peninsula in 2007, defining a then relatively unknown uranium district of which Peninsula is now the dominant mineral rights holder.The Company has explored only part of this area since 2007 and has already delineated over 53.7mlbs of U3O8 JORC Code (2012) compliant resource.The Lance Projects have 190 line miles (305 kilometers) of identified roll fronts and an exploration target of 104-163mlbs U3O8, which is in addition to the JORC Code (2012) compliant resource. These roll fronts stretch over 31 miles (50 kilometers) north-south and are open to the north, south and west.Unlike most in-situ recovery (ISR) projects, Peninsula’s mineral resources are located on contiguous landholdings that we control. This allows Peninsula to develop the Lance Projects in a cost-effective manner, without having to incur infrastructure and facility development costs that would otherwise be required if our landholdings were not contiguous.


As copied from the stratawyo.com website