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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights-Wagga Tank | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold-Copper | |
| Date: | 3/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-3-2020: Peel Mining Ltd. announces a Resource Estimation report for its Southern Nights-Wagga Tank deposit at the Wagga Tank project. Updated Mineral Resource Estimate for Project. Peel Mining Ltd (ASX Code: PEX) (“Peel” or “the Company”) is pleased to | |
| Resources: | (Resources, I+I): 4.95Mt @ 5.0% Zn, 2.0% Pb, 78g/t Ag, 0.3% Cu, 0.4g/t Au | |
| CP/QP: | [Resources]: Jonathon Abbott (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Peel Mining Ltd (ASX Code: PEX) (“Peel” or “the Company”) is pleased to announce an updated Indicated & Inferred Mineral Resource Estimate (“MRE”) for its 100% owned Wagga Tank and Southern Nights deposits located in the Cobar Basin of western NSW (Australia). The MRE provides Peel with a solid foundation to immediately commence scoping studies to advance the potential development scenarios at Wagga Tank-Southern Nights. Activities underway at the time of reporting include ongoing metallurgical testwork, geological/structural studies, pre-development environmental baseline work, and drill planning targeting potential extensions to mineralisation. The Wagga Tank-Southern Nights mineral system remains open along strike and down dip. The MRE has been reported within mineable shapes generated at AU$80/t NSR with a minimum mining width of 3 metres and includes internal dilution. The Mineral Resource Estimate (MRE) for the Wagga Tank and Southern Nights deposits is reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code (2012)). | |
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