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Peel Mining Ltd.
Summary
| Project: | Cobar Superbasin | |
|---|---|---|
| Deposit: | Wirlong | |
| Location: | Australia | |
| Commodities: | Copper-Silver | |
| Date: | 4/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-4-2019: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Wirlong deposit at the Cobar Superbasin project. JV with JOGMEC – drilling results incl. 1.2m @ 1.09% Cu, 6g/t Ag from 523m. Wagga Tank/Mount View Projects: Copper, Silver | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Wagga Tank/Mount View Projects: Copper, Silver, Gold, Lead, Zinc; Western NSW (PEX 100%). Targets: Cobar-style polymetallic mineralisation; Volcanogenic Massive Sulphide mineralisation. The Wagga Tank project is located on the western edge of the Cobar Superbasin, ~130 km south of Cobar or ~30km northwest of Mount Hope and is host to the namesake polymetallic Cobar-style or VMS-type deposit with multiple significant historic drill intercepts. Mineralisation straddles a broad zone of intense tectonic brecciation and hydrothermal alteration (sericite-chlorite with local silicification) and occurs as sub-vertical elongate shoots/lenses. Drilling by Peel to date has focused on defining the geometry and extent of large-scale Zn-rich mineralisation at Wagga Tank-Southern Nights. Following the exceptional results returned during the FY2019 Q2 drilling in the Southern Nights Central Zone, close spaced infill and extensional resource definition drilling resumed in this area after the Christmas/ New Year shutdown. The drilling programme was designed to better define the geometry and scale of the high-grade mineralisation in anticipation of completing a maiden mineral resource estimate. A total of 41 drill holes for approximately 13.5km of combined RC and Diamond drilling was completed this quarter as part of the programme. | |
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