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Peel Mining Ltd.

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Summary

Project:

Wagga Tank

Deposit:Southern Nights-Wagga Tank
Location:Australia
Commodities:Zinc-Lead-Silver-Gold-Copper
Date:10/21/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:21-10-2019: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights-Wagga Tank deposit at the Wagga Tank project. Drilling results incl. 58.28m @ 5.41% Zn, 2.26% Pb, 0.12% Cu, 24g/t Ag, 0.31g/t Au from 546.72m. Peel Mining
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Rob Tyson (Internal)
ABSTRACT:Peel Mining Limited (ASX:PEX) (“Peel” or the “Company”) is pleased to report the discovery of significant zones of new mineralisation from its ongoing drilling campaign across its 100%-owned Wagga Tank project, south of Cobar in western New South Wales. In late August, drilling at Wagga Tank-Southern Nights resumed, comprising ~10,000m of RC/diamond drilling primarily designed to develop higher confidence resources and to progress the project towards development. Since recommencement, drilling has targeted both Wagga Tank and the Corridor Zone, located between Wagga Tank and Southern Nights. Importantly, strong new mineralisation has been confirmed in the Corridor Zone, highlighting the potential for interconnected mineralisation between the Wagga Tank and Southern Nights deposits. The drill rig from the Corridor Zone has now relocated to Southern Nights to focus on infill and extensional drilling in the main resource area.

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