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Peel Mining Ltd.

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Summary

Project:

Wagga Tank

Deposit:Southern Nights
Location:Australia
Commodities:Zinc-Lead-Silver
Date:10/19/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:19-10-2017: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights deposit at the Wagga Tank project. pXRF results incl. 70m @ 4.8% Zn, 1.0% Pb, 18ppm Ag from 128m. Peel Mining (ASX:PEX) (“Peel” or the “Company”) is pleas
Resources:x
CP/QP:[Overall Report]: Rob Tyson (Internal)
ABSTRACT:Peel Mining (ASX:PEX) (“Peel” or the “Company”) is pleased to report exceptional drill results from the Company’s 100%-owned Wagga Tank project, south of Cobar in western NSW, that point to an exciting new zinc-rich discovery at the recently identified Southern Nights prospect. Southern Nights is located ~1km south of the high-grade (Zn-Pb-Ag-Au-Cu) Wagga Tank deposit. Following the identification of Wagga Tank-style mineralisation at the prospect (ASX announcement 7 September 2017 - Drilling Success Continues at Wagga Tank and Wirlong), follow-up drilling has been undertaken over the past week, primarily testing up-dip of discovery hole WTRCDD021. As of 18 October, four RC holes (WTRC031, WTRC033-WTRC035) had been completed as part of this follow-up program. Of significance, three of the holes have intersected broad zones of strongly anomalous zinc-lead-silver mineralisation, with two, WTRC035 and WTRC033, intersecting very highgrade zinc-lead-silver-rich sulphides including massive sulphides.

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