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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 5/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-5-2019: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights deposit at the Wagga Tank project. Drilling results incl. 88m @ 3.13% Zn, 1.09% Pb, 0.03% Cu, 26g/t Ag, 0.02g/t Au from 407m. Peel Mining Limited (ASX:PEX) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining Limited (ASX:PEX) (“Peel” or the “Company”) is pleased to report results from its 100%- owned Wagga Tank project, south of Cobar in western New South Wales. The Wagga Tank project, which includes Southern Nights, is emerging as one of the most significant zinc polymetallic discoveries in Australia in recent years. Wagga Tank-Southern Nights Resource Drilling Final assay data for the Wagga Tank-Southern Nights resource definition drilling program have now been returned. Drilling has successfully delineated the approximate dimensions of the high grade mineralisation associated with the Southern Nights Central Zone and has also better outlined the broader mineralised structure across the 700m of strike at Southern Nights. Detailed structural and geochemical studies have recently been completed aiding in the development of the geological model in preparation for the maiden resource being undertaken in June. This work will also assist with future drilling targeting additional high-grade centres in this large mineralised system. Importantly, mineralisation remains open down-dip/plunge and along strike, with the deeper intersections highlighting continuity at depth, typical of Cobar-style deposits. | |
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