The company completed an additional 60 exploration drill holes for a total of 14,278M of which 30 holes found significant mineralization and 13 holes reported multiple stacked intersections of uranium.
The current drilling at Ross is meant to convert the existing inferred resource to indicated JORC compliant resource status, within and adjacent to the Ross permit area and to identify new roll front mineralization that is yet to be categorized.
This area, which was not tested during the 1970’s Nubeth drilling, was identified as a high-priority drilling target from Peninsula’s high resolution 3D modeling.
Drilling during the period continued to test extensions of this newly-discovered strong, stacked roll front system in the southern parts of Section 12 (north-west of the Ross permit area).
The latest drilling results include 13 separate intersections with GT greater than 0.2ft/%.
All of these intersections are located outside the existing measured/indicated resource boundaries and will add further to the recently announced resource inventory.
The results, demonstrate the broad intervals of uranium mineralization within this roll front system. Further testing of the north-westerly extension of this trend is continuing.
Towards the south western portion of the Ross Permit area, a second newly-identified roll front has been intersected with significant results including hole RMR0903 which returned 27.5’@518ppm U3O8.
