For thousands of other reports visit RSC's Mineral Intellingence Map
Peel Mining Ltd.
Summary
| Project: | Mallee Bull | |
|---|---|---|
| Deposit: | Mallee Bull T1 | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver-Gold | |
| Date: | 8/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-8-2017: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Mallee Bull T1 deposit at the Mallee Bull project. JV - Drilling results incl. 9m @ 20.82% Zn, 10.64% Pb, 338g/t Ag, 1.91g/t Au from 88m. Peel Mining (ASX:PEX) (“Peel” or | |
| 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: | Peel Mining (ASX:PEX) (“Peel” or the “Company”) is pleased to report further encouraging drilling results from the Company’s 50%-owned Mallee Bull deposit, located near Cobar in western NSW. Drilling results relate to prefeasibility work into the development of the high-grade, near surface T1 zinc-lead-silver lens. As previously reported, Peel is undertaking a pre-feasibility study on the high-grade, near-surface zinclead-silver-gold T1 lens at the Mallee Bull Project which is a joint venture with CBH Resources. 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 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, which have now all been received, are currently being included in an updated 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