For thousands of other reports visit RSC's Mineral Intellingence Map
Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 9/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2018: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights deposit at the Wagga Tank project. Drilling results incl. 74m @ 2.27% Zn, 0.72% Pb, 58g/t Ag from 182m. Peel Mining Limited (ASX:PEX) (“Peel” or the “Compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining Limited (ASX:PEX) (“Peel” or the “Company”) is pleased to report further drilling results from its 100%-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales, which is emerging as one of the most significant zinc polymetallic discoveries in Australia in recent years. Recently received assay results continue to add high-grade mineralisation to the Wagga Tank-Southern Nights mineral system, with new intercepts returned from various parts across the strike of the newly defined structure. Drill targeting of the significant offhole conductor identified in WTRCDD123 – where strong mineralisation (14.45m @ 2.43% Cu, 2.67 g/t Au, 123 g/t Ag, 2.58% Zn, 0.87% Pb from 435.55m) was returned – remains to be completed following several unsuccessful attempts due to drillhole deviation. Additional follow-up drilling of this target is planned. Follow-up drilling at the Fenceline prospect returned further significant mineralisation which remains open along strike and down-dip. Preliminary metallurgical testwork has also returned encouraging results with metal recoveries of up to 81% for Zn into a 47% Zn in concentrate; and 71% for Pb into a 50% Pb in concentrate. Further metallurgical testwork is planned. Wagga Tank-Southern Nights Drilling The bulk of RC and diamond drilling undertaken since the start of the year has been focused at the main Southern Nights area with drilling designed to target the contact between the Wagga Tank and Vivigani stratigraphic units. A large proportion of drillholes have been completed on a relatively close spacing (~40m x 40m) to aid in the future estimation of a mineral resource at Southern Nights. | |
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