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Peninsula Mines Ltd.
Summary
| Project: | Eunha | |
|---|---|---|
| Deposit: | Eunha North, Roadhouse | |
| Location: | South Korea | |
| Commodities: | Graphite | |
| Date: | 7/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2018: Peninsula Mines Ltd. announces an Exploration/Drilling Update report for its Eunha North, Roadhouse deposit at the Eunha project. Drilling results incl. 10.87m @ 2.5% TGC 56.1m. Peninsula Mines Ltd (ASX:PSM) has generated significant graphite | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daniel Noonan (Internal) | |
| ABSTRACT: | Peninsula Mines Ltd (ASX:PSM) has generated significant graphite intersections from four diamond drillholes and four surface channels at the Eunha North and Eunha Roadhouse graphite targets respectively, in Chungnam Province, South Korea (Figure 1). A total of five diamond holes were completed on three, 80m spaced, drilling sections, and results have been received for the four holes drilled from east to west that intersected graphitic unit(s) and/or structures (see Figure 2) D1,D2 . The peak intersections are summarised below (see Appendix 1 & 2 drill hole details and results) The graphitic material intersected at Eunha North is associated with a steeply west dipping structure/unit, hosted within a granitic gneiss unit overlain by psammitic rocksin a broad antiform (see crosssections, Figures 4 and 5). The width of graphitic material is approximately 4m to 8m true width with a grade range of 2% to 4% TGC. The EM anomaly at Eunha North extends for a strike length of approximately 500mD3 . The Exploration Target for Eunha North will be estimated once all available information is collated, including the drilling intersections, channel sampling, SG measurements and flake distribution. Further drilling will then be planned with the objective of defining a maiden Mineral Resource. In addition, channel sampling results have been received for selected Channels at the Eunha Roadhouse prospect, located 800m to the south of Eunha North. Channelsampling has been completed on approximately 40m spacing with the initial results received from four of the seven channels (see Figure 3), including the following highlighted intersections (see Appendix 3 & 4 for channel sampling details and results | |
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