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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Southern Nights, The Bird | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 3/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-3-2018: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Southern Nights, The Bird deposit at the Wagga Tank project. Drilling results incl. 12m @ 16.11% Zn, 5.41% Pb, 151g/t Ag, 0.44g/t Au from 215m. Peel Mining (ASX:PEX) (“Pee | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining (ASX:PEX) (“Peel” or the “Company”) is pleased to report the latest results from its 100%- owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales. Results continue to confirm the Company’s view that it has discovered a large or “camp-scale” base metal-rich mineral system comprising multiple high-grade deposits clustered within close proximity of one another. Assay results received from drilling undertaken before and after the Christmas/New Year break underscore the extensive and high-grade nature of zinc-lead-silver-gold mineralisation present at the Southern Nights prospect, whilst first-pass drill results from The Bird/Fenceline indicate excellent potential to add further high-grade mineralisation to the Wagga Tank/Southern Nights project. Following a shutdown for the Christmas/New Year holidays, field activities recommenced in midJanuary. Drilling at Southern Nights is continuing, with two double shift diamond/RC rigs currently working. First-pass RC drilling at The Bird/Fenceline prospect, located ~4km east of Wagga Tank/Southern Nights was also completed. Additional RAB drilling was also completed, predominantly at the Boolahbone prospect, to the north of Wagga Tank. In addition, multiple geophysical surveys (IP and gravity) have been completed in the Wagga Tank/Southern Nights project area. | |
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