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Peel Mining’s drilling reveals high grade zinc-lead-silver in New South Wales

The drilling has extended the strike of lead-zinc anomalism to circa 2.7 kilometres.
project area
Drilling program to resume in early January 2018

Peel Mining Ltd (ASX:PEX) has received further high grade zinc-lead-silver drill intercepts from its Wagga Tank-Southern Nights project, south of Cobar in western New South Wales.

While most assays from the recent round of drilling are yet to be received, an intercept of 8 metres at 15.26% zinc, 7.44% lead, 177 g/t silver and 0.97 g/t gold from 195 metres was returned.

READ: Peel Mining sees major ASX-listed gold miner increase stake

Importantly, the drilling has extended the strike length of lead-zinc geochemical anomalism in the project area to circa 2.7 kilometres (open in all directions).

High-grade intercepts from Southern Nights prospect

Southern Nights, located 1 kilometres south of the high-grade Wagga Tank deposit, was identified in September this year and hosts significant Wagga Tank style mineralisation.

READ: Peel Mining extends high-grade Southern Nights discovery

The new result of 8 metres at 15.26% zinc and 7.44% lead from 195 metres provides further compelling evidence of the high-grade tenor of mineralisation at Southern Nights.

Furthermore, a diamond tail extension to the same hole intersected spectacular massive sphalerite-galena-pyrite sulphide mineralisation, from 218 metres to 245 metres downhole.

Assays from this hole are expected early in the New Year.

Strike length of the project extended

Follow-up drilling undertaken since mid-October has focused on testing the strike and depth potential of the Southern Nights prospect.

As of 17 December, 36 reverse circulation drill holes for 8,050 metres, 10 diamond drill holes for 3,653 metres and 103 rotrary air blast (RAB) drill holes for 8,637 metres have been completed.

The bulk of recent reverse circulation and diamond drilling has been focused at the main Southern Nights area where high-grade mineralisation has been identified over circa 300 metrs strike.

Encouragingly, RAB drilling has extended the strike of lead-zinc anomalism to circa 2.7 kilometres strike.

Further extensive drilling planned

Peel Mining has planned up to 15,000 metres of reverse circulation/diamond drilling, and up to 10,000 metres of RAB drilling over the coming months.

The drilling will be designed to continue to test for strike and dip extensions.

A portion of the drilling will be to test nearby prospects including the Fenceline prospect located circa 4 kilometres east of Wagga Tank where extensional geophysical surveys have recently been completed.

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