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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 6/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-6-2018: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights deposit at the Wagga Tank project. Drilling results incl. 46.4m @ 3.91% Zn, 1.51% Pb, 60g/t Ag, 0.17g/t Au from 227.6m. Peel Mining Limited (ASX:PEX) (“Peel | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining Limited (ASX:PEX) (“Peel” or the “Company”) is pleased to report further positive drilling and geophysical results from its 100%-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales, which is rapidly 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 Southern Nights mineral system. Recent drilling has focused on testing at deeper levels at Southern Nights and in the Wagga Tank-Southern Nights corridor and was successful in intercepting the critical host stratigraphic units, with mineralisation observed in all drillholes. Drill targeting of the significant offhole conductor identified in WTRCDD123 in the Wagga TankSouthern Nights corridor – 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 encountered – is due to commence shortly. Additional followup drilling along strike and up-dip of this intercept is also planned. Follow-up drilling at the Fenceline prospect has encountered further significant mineralisation which remains open along strike and down-dip. First-pass drilling at The Bird, located about 1.5km north of Fenceline, has returned anomalous geochemistry confirming that base metal mineralisation is associated with the chargeable geophysical IP target. A comprehensive geophysical review has recently been completed, identifying multiple targets in proximity of the Wagga Tank-Southern Nights-Fenceline prospects. Systematic drill testing of these targets is planned in the coming months. First-pass metallurgical testwork is also continuing | |
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