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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Wagga Tank | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 3/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-3-2017: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Wagga Tank deposit at the Wagga Tank project. Drilling results incl. 27m @ 10.0% Zn, 6.41% Pb, 89g/t Ag, 0.42g/t Au, 0.21% Cu from 250m. Peel Mining (ASX:PEX) (“Peel”, “th | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining (ASX:PEX) (“Peel”, “the Company”) is pleased to advise that recent drilling at its 100%- owned Wagga Tank Project near Cobar in western NSW, has returned a number of highly encouraging intercepts indicating the presence of additional high grade base and precious metal mineralisation. The results reported are part of Peel’s maiden drilling program at Wagga Tank, designed to confirm the presence of high grade base and precious metal mineralisation originally identified in the 1970s and 1980s. To date, Peel has completed 18 drillholes with at least seven drillholes requiring extensions. Drill results previously reported by Peel are summarised in the Company’s December quarterly activities report. Drilling is anticipated to restart in late March/early April. Wagga Tank is located on the western edge of the Cobar Superbasin, approximately 130km south of Cobar and 45km south-west of Peel’s 50%-owned, high-grade Mallee Bull copper deposit, and represents a polymetallic VHMS-type deposit with many significant historic drill intercepts; last drilling was in 1989. To date, Peel has undertaken 18 RC drillholes (for 4,315m). Many of these drillholes ended in mineralisation, with five having been extended by diamond tail drilling (for 473m) and a further seven drillholes requiring extensions. High-grade zinc-lead-silver and gold-copper mineralisation has now been confirmed at Wagga Tank. | |
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