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Peel Mining Ltd.
Summary
| Project: | Cobar Superbasin | |
|---|---|---|
| Deposit: | Wirlong | |
| Location: | Australia | |
| Commodities: | Copper-Lead-Zinc-Silver-Gold | |
| Date: | 9/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-9-2017: Peel Mining Ltd. announces an Exploration/Drilling Update report for its Wirlong deposit at the Cobar Superbasin project. JV with JOGMEC – drilling results incl. 31m @ 3.19% Cu, 11g/t Ag from 299m. Peel Mining (ASX:PEX) (“Peel” or the “Company”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rob Tyson (Internal) | |
| ABSTRACT: | Peel Mining (ASX:PEX) (“Peel” or the “Company”) is pleased to report further encouraging results from several of the Company’s key prospects, located near Cobar in western NSW. Drilling results from Peel’s 100%-owned Wagga Tank prospect relate to RC/diamond drilling aimed at extending the known footprint of mineralisation; whilst results from Peel’s 60%-owned Wirlong prospect relate to recent drilling and geophysical investigation aimed at defining high-grade Cobar-style copper mineralisation. Recent drilling at the Company’s 60%-owned Wirlong prospect has been primarily aimed at better defining and extending the known footprint of significant copper mineralisation. Wirlong bears the hallmarks of a Cobar-style deposit, with many similarities to Glencore’s CSA copper mine. Full assays for WLRC052 and WLRC053 have now been received with WLRC052 returning 31m @ 3.19% Cu, 11 g/t Ag from 299m (including 10m @ 8.83% Cu, 28 g/t Ag from 299m). This intercept incorporates the previously reported preliminary result of 5m @ 15.75% Cu, 52 g/t Ag from 299m. Drillhole WLRC053 returned an intercept of 24m @ 0.85% Cu, 8 g/t Ag from 179m (vs 23m @ 0.82% Cu from 179m in pXRF). | |
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