For thousands of other reports visit RSC's Mineral Intellingence Map
Peel Mining Ltd.
Summary
| Project: | Mallee Bull | |
|---|---|---|
| Deposit: | Mallee Bull | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 7/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-7-2017: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Mallee Bull deposit at the Mallee Bull project. JV - Drilling results incl. 16m @ 13.52% Zn,7.61% Pb, 191g/t Ag, 1.31g/t Au from 74m. bPeel Mining (ASX:PEX) (“Peel” or “th | |
| Resources: | (Resource, I+I): 6760Kt @ 1.8% Cu, 31g/t Ag, 0.4g/t Au, 0.6%Pb, 0.6% Zn at project | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | bPeel Mining (ASX:PEX) (“Peel” or “the Company”) is pleased to report the continued receipt of excellent drilling results from the Company’s key prospects - namely T1 (Mallee Bull), Wirlong and Wagga Tank - all located near Cobar in western New South Wales. The results support Peel’s belief in the potential of its strategic land position in the Cobar Basin and the Company’s aim of building a camp of high-grade base and precious metals deposits that can ultimately be developed into mines. Peel is currently undertaking a pre-feasibility study on the high-grade, near-surface zinc-lead-silvergold T1 lens at the Mallee Bull Project. The aim of the study is to investigate the conceptual development of T1 as a “dig and truck” operation, under which ore would be milled at joint venture partner CBH’s Endeavor mine approximately 150km away, where surplus milling capacity exists. Prefeasibility concepts will consider open pit and underground mining scenarios, followed by the development of an exploration decline to ~300m below surface to enable the underground drilling of the primary Mallee Bull copper mineralisation. Peel and CBH believe this scenario could allow for a reduction in total capital expenditure and the staged mining development of the Mallee Bull deposit. As part of the prefeasibility study, 39 RC/diamond drillholes were recently completed for 5,732.4m (4,927.6m RC and 803.8m diamond). The primary aim of this drilling was to infill to a maximum 20m by 20m drill spacing, and to define the limits of T1 mineralisation. The results will be included in an update to the geological and resource model for T1, which will form the basis for prefeasibility economic modelling. The drilling has also provided material for ongoing metallurgical testwork, and for geotechnical review. Other recent activities at Mallee Bull/T1 include the completion of an initial environmental baseline study, and the establishment of environmental and groundwater monitoring systems | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report