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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Wagga Tank | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 11/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-11-2016: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Wagga Tank deposit at the Wagga Tank project. Drilling results incl. 12m @ 3.09% Cu, 97g/t Ag, 1.36g/t Au from 92m. Peel Mining (ASX:PEX) Ltd advises that recent drilling | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining (ASX:PEX) Ltd advises that recent drilling at its 100%-owned Wagga Tank project, near Cobar in western NSW, has returned high grade Zn-Pb-Ag-Cu-Au mineralised drill intercepts. The initial drilling program, designed to confirm the presence of high grade base and precious metal mineralisation originally identified at Wagga Tank in the 1970s and 80s, has been expanded as a result of the positive results encountered so far. The Company also advises that drilling at Mallee Bull South, designed to test a structural target south of the existing mineral resource domain, is now underway. Drilling at Wirlong (part of the Cobar Superbasin Project), designed to test for extensions to previously reported significant copper mineralisation, is also now underway. Mallee Bull and the Cobar Superbasin Projects are both located in the Cobar region of NSW. Wagga Tank is located on the western edge of the Cobar Superbasin, ~130 km south of Cobar or ~45km southwest of Mallee Bull, and represents a polymetallic VHMS-type deposit with many significant historic drill intercepts; last drilling was in 1989. The initial drilling program was designed to confirm the presence of high grade base and precious metal mineralisation originally identified at Wagga Tank in the 1970s and 80s. To date, Peel has completed sixteen RC drillholes (for 3,727m). The majority of these drillholes ended in mineralisation and will require diamond tails, and to date, only one diamond tail (WTRCDD002) has been completed. | |
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