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Peel Mining reveals base metal potential of New South Wales projects

Peel Mining Ltd (ASX:PEX) has received significant new base metal intercepts from drilling at its 50%-owned Mallee Bull and 100%-owned Wagga Tank projects, near Cobar in western New South Wales.
Peel Mining reveals base metal potential of New South Wales projects
Peel Mining Ltd reveals base metal potential of New South Wales projects

The Drilling at Mallee Bull was designed to further test the recently discovered mineralisation at Mallee Bull North.

The drilling returned additional copper-dominant intercepts including:
- 5 metres at 2.22% copper, 31 g/t silver, 0.09 g/t gold from 404 metres; and
- 10 metres at 1% copper, 14 g/t silver, 0.07 g/t gold from 469 metres.

The Mallee Bull North area was identified following a review of electromagnetic surveys adjacent to an area of interest.

The drill results confirm that the conductor responsible for the electromagnetic anomaly is caused by significant copper mineralisation.

Further extensional drilling at Mallee Bull is planned to be completed prior to year-end.

At the Wagga Tank Project, Peel has completed six reverse circulation drill holes for 1,537 metres with a seventh drill hole currently in progress.

Whilst assays for all the holes remain pending, initial geological logging has confirmed the presence of significant zones of copper oxide/sulphide mineralisation and zinc-lead-silver sulphide mineralisation.

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Peel Mining Ltd Timeline

April 03 2017

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