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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 3/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-3-2019: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights deposit at the Wagga Tank project. Drilling results incl. 23.1m @ 22.54% Zn, 12.0% Pb, 0.25% Cu, 200g/t Ag, 1.42g/t Au from 224m. Peel Mining Limited (ASX: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining Limited (ASX:PEX) (“Peel” or the “Company”) is pleased to report the latest infill drilling results from its 100%-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales. Resource definition drilling at Wagga Tank-Southern Nights is systematically progressing with the establishment of a maiden JORC Mineral Resource Estimate on schedule for delivery in June 2019. Drillhole WTRCDD199 assay results included 23.1m @ 22.54% Zn, 12.0% Pb, 0.25% Cu, 200g/t Ag and 1.42g/t Au from 224m including 16.35m @ 28.09% Zn, 15.77% Pb, 0.26% Cu, 270g/t Ag and 1.80g/t Au from 224.75m. Drillhole WTRCDD199 is located approximately 50m northwest of WTRCDD150 and exhibits the same high-grade tenor. Drillhole WTRCDD189 assay results included 9.0m @ 19.91% Zn, 9.55% Pb, 0.17% Cu, 220g/t Ag and 0.36g/t Au from 336m including 5.4m @ 29.26% Zn, 13.97% Pb, 0.22% Cu, 326g/t Ag and 0.45g/t Au from 337.2m. Importantly, this hole confirms continuity between the shallower mineralization previously reported in WTRCDD150 and the deeper mineralisation in WTRCDD166, approximately 170m down dip. WTRCDD150 returned 18.2m @ 55.5% Zn+Pb from 182m, and WTRCDD166 returned a high-grade section of 16.2m @ 21.9% Zn+Pb from 366m. Drillhole WTRCDD179, drilled on an infill section in the south of the Central Zone approximately 100m south of drillhole WTRCDD150 returned assay results of 17m @ 10.36% Zn, 6.05% Pb, 0.60% Cu, 401 | |
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