Peninsula Mines Limited (ASX: PSM) – $0.020
31 Oct 2016
Peninsula Mines Limited (ASX: PSM) has received high grade zinc-silver results from channel sampling at the Ubeong Project located in South Korea (Figure 1).
Figure 1. Location of the Ubeong Project
- Pit/Stope 1: 39.7% zinc, 294g/t silver, 2.0% lead
- Pit/Stope 2: 26.4% zinc, 142g/t silver, 0.7% lead
- Stope 3: 4.39% zinc, 1.32g/t gold
The channel sampling was conducted on outcropping massive sulphide lodes in extensive workings at the historic Chilbo Mine located within the company’s Ubeong Project.
The outcropping zinc-silver sulphide mineralisation occurs within a 1km x 1km area at the eastern end of a 10km strike length.
The company will accelerate its exploration program that includes geochemical soil sampling and detailed geophysics to define drilling targets for massive zinc-silver sulphide mineralisation at the Ubeong Project.
For further information, visit peninsulamines.com.au
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