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).

 

psm-ubeong-zn-ag

Figure 1. Location of the Ubeong Project

 

 

Highlights include:

 

  • 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

 

 

Resources Stocks to Watch (RSTW) is the leader in research on over 600 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.

 

 

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