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Peninsula Mines Ltd.
Summary
| Project: | Ubeong | |
|---|---|---|
| Deposit: | Python | |
| Location: | South Korea | |
| Commodities: | Zinc-Lead-Copper | |
| Date: | 7/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-7-2018: Peninsula Mines Ltd. announces an Exploration/Drilling Update report for its Python deposit at the Ubeong project. Drilling results incl. 9.31m @ 0.7% Zn, 0.47% Pb from 54.14m. Detailed ground magnetics has identified new magnetic anomalies/mass | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Daniel Noonan (Internal) | |
| ABSTRACT: | Detailed ground magnetics has identified new magnetic anomalies/massive-sulphide targets over a twokilometre strike length of the mineralised zinc-lead-copper (Zn-Pb-Cu) skarn at Ilweol, located at the southern margin of the highly mineralised Taebaek Basin in eastern South Korea (see inset Figure 1 for location). High-grade massive Zn-Pb-Cu sulphides are associated with magnetic-highs in the one-kilometre strike length zone of previously identified mineralisation and KORES drilling intersections at Ilweol (see Figure 1, below). The recent ground magnetics has identified similar magnetic highs along extensions of the skarn horizon to the northwest that are now the subject of soil sampling to define drilling targets to locate additional massive Zn-Pb-Cu sulphides in this highly prospective, two-kilometre, zinc-skarn corridor. “The correlation between magnetic anomalies and previous, high-grade, zinc-lead-copper intersections at Ilweol gives us great confidence that these new magnetic anomalies will also be associated with high-grade sulphides. “We are applying modern exploration techniques to this large and underexplored Zn-Pb-Cu skarn system for the first time, and we now have multiple drilling targets to systematically test in what is effectively a Brownfields target area located within 10km of a producing zinc-lead-zilver mine at Keumho.” said Peninsula Mines Managing Director Jon Dugdale. The detailed ground magnetics has been completed on 100m spaced, north-south oriented, lines, with continuous readings recorded along the lines. Southern Geoscience (“SGC”) have processed the data and produced images including the Total Magnetic Intensity (“TMI”) north-shaded image shown on Figure 1. | |
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