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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 5/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-5-2019: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights deposit at the Wagga Tank project. Drilling results incl. 28m @ 19.03% Zn, 10.77% Pb, 0.24% Cu, 166g/t Ag, 1.21g/t Au from 224m. Peel Mining Limited (ASX:PE | |
| 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. Resource definition drilling has now been completed, on schedule and on budget, with work on the maiden mineral resource estimate underway and due for completion in June. The Wagga Tank project, including Southern Nights, is emerging as one of the most significant zinc polymetallic discoveries in Australia in recent years. Drilling to date has successfully defined the broader dimensions of the very high-grade mineralisation present at Southern Nights Central Zone (SNCZ) , along with infilling and extending the wider Southern Nights mineral system. Importantly, mineralisation remains open along strike and down dip/plunge at both Wagga Tank and Southern Nights. Detailed structural and geochemical studies are now underway to further develop the geological model in preparation for the maiden mineral resource estimate. This work will also assist in generating future drill targets in this large mineralised system. | |
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