Peninsular Gold Limited (PGL)

Peninsular Gold Limited (PGL) – Raub Project resource update – considerable increase in Measured and Indicated resource categories

• 136,000 Ounces in JORC Measured & Indicated Categories (previously 52,000 ounces)

Peninsular Gold today announces a significant increase of the estimated measured and indicated Mineral Resource at its 100% owned Raub gold project in central Malaysia. 

The resources were projected by Snowden Mining Industry Consultants of Perth, Western Australia using the data from 26,238 metres of drilling recently completed by the Company on the upper part of the primary deposit. The Raub gold deposit is a slate belt hosted gold deposit with multiple parallel lodes of mineralisation that occur over a strike length of several kilometres. The drilling programme used grids of 15m by 15m to 20m by 20m over the main mineralized zones and the maximum drillhole depth was 100 metres.

Dato’ Sri Andrew Kam, Chairman & Chief Executive of Peninsular Gold, commented today:
‘This updated resource statement for the upper part of the Raub primary deposit represents an excellent improvement on the previous resource statement of 52,000 oz of Measured + Indicated Resources. Continued encouraging results are anticipated with additional resource definition and we look forward to informing investors of this progress.” 

For more information please go to: www.peninisulargold.com