[PEN] High grade intersections discovered
12-May-2010
Peninsula Minerals Limited today announced that it has completed 175 development drill holes during March and April 2010 for a total of 85,933 feet at the Ross Project.
During this period the focus of the drilling has been on enhancing the grade and definition of the existing drill-defined resources and to convert inferred resource to indicated status.
Numerous high-grade intersections were encountered including 7.5ft @ 1,370ppm U3O8 returned from drill hole RMR0399.
Three drill rigs are currently engaged at Ross chasing extensions of the known target zones identified by the resource model. A fourth rig continues to test sparsely drilled target zones, with the aim of expanding the current JORC compliant resource.
high grade intersections discovered
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