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: | 7/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 6-7-2017: Peel Mining Ltd. announces a Resource Estimation report for its Mallee Bull deposit at the Mallee Bull project. Updated Mallee Bull Resource grows by 65%. Peel Mining Limited (ASX: PEX) (“Peel”, “the Company”), together with its 50% joint ventur | |
| 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: | [Resources]: Jonathon Abbot (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Peel Mining Limited (ASX: PEX) (“Peel”, “the Company”), together with its 50% joint venture partner CBH Resources Limited, is pleased to report an updated JORC Mineral Resource estimate for the Mallee Bull copper-silver-gold-lead-zinc deposit. The updated mineral resource reflects the substantial exploration success that has occurred since the completion of Mallee Bull’s maiden mineral resource estimate in May 2014. Peel Mining’s Managing Director Rob Tyson stated: “The updated Mineral Resource estimate for Mallee Bull demonstrates the significant exploration success achieved over the last three years. This success is highlighted by the addition of lead and zinc mineralisation into the estimate, underpinned by the discovery of near-surface, high-grade zinc-lead-silver mineralisation at T1. T1 is now the focus of activity where prefeasibility work is investigating the potential for an early production opportunity.” The Mineral Resource update has been prepared by MPR Geological Consultants Pty Ltd, is reported in accordance with the guidelines of the JORC Code (2012 edition) and includes the addition of more than 17,200m of drilling conducted since mid-2014. Approximately 20% of the Mallee Bull resource is in the Indicated Mineral Resource category. The Mallee Bull Mineral Resource comprises five mineralised domains. The domains were generated by wire-framing of geological data and the use of a 0.8% copper equivalent lower cutoff. Resources were estimated by Ordinary Kriging of one metre down-hole composited assay grades from RC and diamond drilling within these domains. A breakdown of the Mineral Resources at various copper equivalent cutoffs is shown in Table 2. The figures in Tables 1 & 2 are rounded to reflect the precision of the estimates and include rounding errors. | |
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