Peninsula Energy Announces Uranium Mineralization

Peninsula Energy Limited (ASX:PEN) announced it has completed drilling 236 more hills at its Lance uranium projects.

As quoted in the press release:

A total of 159 holes encountered mineralisation, of which 105 holes encountered mineralisation  > 100ppm and 21 holes reported multiple intersections of stacked uranium. A total of 31 holes  reported GT values exceeding 0.2.  This drilling has been focused on converting inferred resources to the indicated category in the  planned Kendrick Production Unit located to the west of the Ross Production Unit.

Click here to read the Peninsula Energy Limited (ASX:PEN) press release.