For thousands of other reports visit RSC's Mineral Intellingence Map
Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights-Wagga Tank | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold-Copper | |
| Date: | 1/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2020: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights-Wagga Tank deposit at the Wagga Tank project. Drilling results incl. 35m @ 6.3% Zn, 2.59% Pb, 105g/t Ag, 0.24% Cu, 1.87g/t Au from 232m. Peel Mining Limite | |
| 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 strong gold mineralisation associated with a new high-grade zone at the southern end of the Southern Nights deposit from the recent resource upgrade drilling program at the 100%-owned Wagga Tank-Southern Nights project, located south of Cobar in western New South Wales. From August through December 2019, a program of ~11,000m of RC/diamond drilling, primarily designed to develop a higher confidence Mineral Resource Estimate, was completed at Wagga TankSouthern Nights. Drilling wastargeted towards the Wagga Tank, Southern Nights and the Corridor Zone (located between Wagga Tank and Southern Nights). A recent review of results indicates adequate drilling has now been completed to commence Mineral Resource Estimation work with an upgraded resource anticipated for March quarter 2020. This resource will form the basis for further concept study work to progress the project towards development. Recently received assays add further confidence in a new high-grade zone located ~500m south of the high-grade Southern Nights Central Zone, in an area with only limited drilling, near the boundary of the existing resource model. Drillholes WTRCDD229 and WTRCDD238 returned mineralisation akin to that in the Southern Nights Central Zone. Encouragingly, mineralisation in WTRCDD238 included some of the highest-grade gold mineralisation intersected at Southern Nights to date. Significantly, this mineralisation remains completely open to the south. | |
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