The Wagga Tank project which includes Southern Nights discovery, is emerging as one of the most significant zinc polymetallic discoveries in Australia in recent years.
Final assay data for the Wagga Tank-Southern Nights resource definition drilling program has been received and Peel is on track to deliver a maiden JORC resource estimate in June.
Highlights from recent assays included multiple broad high-grade intersections such as 88 metres at 3.13% zinc, 1.09% lead and 26 g/t silver from 407 metres; and 42.78 metres at 5.38% zinc, 2.71% lead, 0.21% copper, 80 g/t silver and 0.42 g/t sold from 249.22 metres.
Drilling has delineated the approximate dimensions of the high-grade mineralisation associated with the Southern Nights Central Zone.
It has also better outlined the broader mineralised structure across the 700 metres of strike at Southern Nights.
Notably, the deeper intersections have highlighted the continuity at depth, which is typical of Cobar-style deposits.