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Peninsula Mines Ltd.
Summary
| Project: | Gapyeong | |
|---|---|---|
| Deposit: | Gapyeong | |
| Location: | South Korea | |
| Commodities: | Graphite | |
| Date: | 8/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-8-2019: Peninsula Mines Ltd. announces an Exploration/Drilling Update report for its Gapyeong deposit at the Gapyeong project. Drilling results incl. 2.95m @ 9.8% TGC. Three further drill holes were drilled to test the southern extent of the Gapyeong s | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daniel Noonan (Internal) | |
| ABSTRACT: | Three further drill holes were drilled to test the southern extent of the Gapyeong structure at 4180500mN, 4180430mN and 4180370mN. Drilling on the northern two sections has identified two deeper graphitic horizons. These included intercepts of 1.98m (1.8m true width (TW)) at 4.1% TGC from hole GPD0007 and 2.95m (2.0m TW) at 9.8 TGC% & 2.55m (1.8m TW) at 5.9% TGC from hole GPD0008. The significant intercepts are summarised in Table 1 and a full list of assays and a summary of the geology and hole location details are contained in the appendices. The drilling confirmed the northerly plunge to the Gapyeong synform with the keel of the main graphite horizon daylighting just south of the southernmost trench on 4180400mN section. The drill programme was supported by KORES who provided direct funding towards the cost of the drilling and met approximately 50% of the overall cost of the drill programme. All three holes were extended beyond their original planned depth with a total 397m of drilling completed. The southernmost hole on section 4180370mN passed below the keel of the interpreted synform and failed to intersect any graphite mineralisation. The 2019 drill programme was designed to test the southern extent of the Gapyeong structure and to identify the depth extent of the main synformal fold structure that was previously sampled in the 2018 surface trenching programme | |
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