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Peninsula Mines Ltd.
Summary
| Project: | Yongwon | |
|---|---|---|
| Deposit: | Yongwon | |
| Location: | South Korea | |
| Commodities: | Graphite | |
| Date: | 8/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-8-2018: Peninsula Mines Ltd. announces a Resource Estimation report for its Yongwon deposit at the Yongwon project. Exploration Target for Korean graphite projects. Peninsula Mines Ltd (ASX:PSM) has set a significant and high-grade, flake-graphite, Exp | |
| Resources: | Exploration Target: 1.75Mt - 2.250Mt @ 8-12% TGC at Yongwon | |
| CP/QP: | [Overall Report]: Daniel Noonan (Internal) | |
| ABSTRACT: | Peninsula Mines Ltd (ASX:PSM) has set a significant and high-grade, flake-graphite, Exploration Target estimate of 13 to 17 million tonnes grading 8% to 11% Total Graphitic Carbon (TGC) and containing 1.1 to 1.7 million tonnes of graphite for its 100% owned and granted Gapyeong, Yongwon and Eunha North, FlakeGraphite Projects in South Korea (see inset Figure 1 for location). The potential quantity (tonnage and contained graphite) and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration work conducted to estimate a Mineral Resource and it is uncertain if further exploration will result in the definition of a Mineral Resource at any of the Company’s graphite projects. The Exploration Target estimate issummarised in Table 1 below and has been determined using a combination of exploration data, that includes, mapping and surface channel samplingD1,D2,D14 , geophysical modelling of electromagnetics (EM) dataD9,D10,D15 and initial drilling at Eunha NorthD2 , that verified the correlation between channel sampling and EM modelling | |
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