further high grades and new ground at ross, page-6

Just have a look at the resource map when you get access. I now chnage my statement that Lance may be 100M/lbs to it will definately be >100M/lbs by the time they complete the drilling and expansion plans.

This is really beginning to look like an outstanding uranium resource. Possibly even the Elephant uranium resource in Wyoming that was referred to.

This is one of the best announcements from PEN yet IMO.

"Summary
Peninsula Minerals Limited (Peninsula) is pleased to announce that its Mineral Rights acquisition program has secured a further 916 acres of surface access rights at the Ross project area (Ross) of the Lance Projects in Wyoming, USA (Lance).

The new ground acquired hosts multiple intercepts of high grade mineralisation and this is anticipated to expand the known uranium mineralisation at Ross. Previous lack of access to this ground has prevented drilling to confirm the continuity of mineralisation recorded in the extensively drilled areas adjacent to this new ground.

Importantly, this ground also completes the acquisition of the surface area for the initial Ross production area proposed in the mine permit area application that Peninsula is submitting to the Nuclear Regulatory Commission and Wyoming DEQ.

Peninsula continues to acquire additional land with negotiations underway on further strategic holdings.

Executive Chairman Gus Simpson said “this is a highly strategic acquisition as it completes a key component of our mine planning strategy and it also is expected to contain significant quantities of Uranium; my congratulations to all personnel involved“."


Outstanding Gus, simply outstanding!