PEN 0.00% 10.0¢ peninsula energy limited

has this ever been posted before

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    l have checked before posting this....l am sure l haven`t seen this before....maybe some interest to the astute?


    Ur-Energy Realizes US$1,000,000 Value From Sale of Historic Database
    DENVER, COLORADO, Oct 20, 2009 (MARKETWIRE via COMTEX) -- Ur-Energy Inc. (TSX: URE)(NYSE Amex: URG) ("Ur-Energy" or the "Company") announces the sale of one of its historic databases for US$1,000,000.
    The Company completed the sale of the "Moorcroft Database" to Peninsula Minerals Limited ("Peninsula") (ASX: PEN) for US$1,000,000, and a royalty on future production from a broad-ranging project area in the Eastern Powder River Basin of Wyoming in which Peninsula reports that it currently controls mineral rights and/or surface access rights over a combined land holding of 23,400 acres, and that it is the dominant mineral rights holder in the area. The Company obtained the Moorcroft Database as a part of its acquisition of NFU Wyoming, LLC in 2005, which also included several other historic databases.
    Bill Boberg, President and CEO, stated, "Ur-Energy geologists have been evaluating the extensive historic databases owned by the Company on an ongoing basis, both for purposes of generating new exploration targets and achieving value through sales like this one to other companies who control the land position. This in-house evaluation will continue for both purposes. We are pleased to be able to assist Peninsula in moving their project forward and will continue to work toward creating additional value from our databases."
    The Moorcroft Database originates from the NuBeth joint venture of the 1970s and 1980s between Nuclear Dynamics Inc. and Bethlehem Steel Corporation, and contains drill data on more than 5,000 exploration and development drill holes. Additionally, the database includes geologic maps, cross sections and technical reports, as well as ISL pilot plant reports on the permitting and commissioning of the historic pilot plant, to further Peninsula's work at its Lance project on a more efficient basis. Peninsula has just announced that their review of some 1,780 historic holes in the Moorcroft Database, which Peninsula had previously identified as having no data or being barren, resulted in a re-evaluation of 657 holes as being mineralized. Peninsula started conducting environmental baseline studies on its Lance project in July 2009 and on October 6, 2009 submitted a Notice of Intent with the US Nuclear Regulatory Commission that it intends to file a license application for Source Material License for an in situ recovery operation on or before December 1, 2010.



 
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