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Peel Mining Ltd.
Summary
| Project: | Wagga Tank | |
|---|---|---|
| Deposit: | Wagga Tank, Southern Nights | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver-Gold | |
| Date: | 5/7/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-5-2018: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Wagga Tank, Southern Nights deposit at the Wagga Tank project. Drilling results incl. 14.55m @ 2.58% Zn, 0.87% Pb, 2.43% Cu, 123g/t Ag, 2.67g/t Au from 435.45. Peel Mining | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining Limited (ASX:PEX) (“Peel” or the “Company”) is pleased to report further drilling 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. New high-grade mineralised intercepts at Southern Nights continue to build upon previously released results, whilst assay results from drilling in the intervening zone between Wagga Tank and Southern Nights returned a strongly mineralised intercept, establishing a link between the two deposits. Encouragingly, a new strongly mineralised intercept has been returned from Southern Nights at more than 350m below surface adding substantial down-dip continuity to mineralisation. Drilling is now focused on testing for down dip mineralisation at Southern Nights and in the Wagga Tank-Southern Nights corridor. Follow-up RC drilling at the Fenceline and The Bird prospects, to the east of Wagga Tank/Southern Nights within the broader project area, has also recently been completed with assays pending. Induced Polarisation (IP) geophysical surveys, along with downhole electromagnetic (DHEM) surveys, in the Wagga Tank/Southern Nights project area are continuing. A comprehensive review of geophysical data is also practically complete. | |
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