Peninsula Mines Ltd (ASX:PSM) has commenced initial diamond drilling to define a maiden JORC resource at its Gapyeong Flake-Graphite Project 50 kilometres east of Seoul, South Korea.
The initial program will include 10 to 12 diamond drill-holes for up to 1,200 metres testing a 400-metre strike length of the 1-kilometre-long Exploration Target.
This drilling will test the most intense electromagnetic (EM) anomaly from which high-grade trenching assayed 13.1 metres at 12.3% total graphitic carbon (TGC).
READ: Peninsula Mines progresses Korean graphite commercialisation strategy
Peninsula’s managing director Jon Dugdale said: “The commencement of this drilling program will allow the company to define a maiden flake-graphite mineral resource and deliver the first, critical, milestone towards executing our unique, in-country, mine to battery graphite business model.”
Drilling intersects sulphidic veins at Osu Gold-Silver Project
Two diamond drill holes for 320 metres have intersected sulphidic veining associated with the Palgong West lode structure at the Osu Gold Project also in South Korea.
The program is following up historical drilling from 1975 that intersected very high-grade silver with gold including 0.4 metres at 8.4 g/t gold and 6,121 g/t silver from 110.8 metres.
More detailed results will be reported in due course.