logo-loader
Peel Mining Ltd

Peel Mining completes drilling, maiden JORC resource on track

The high-grade results from the resource drilling will feed into the maiden JORC resource estimate, which is on track for delivery in June.

drilling on site
Notably, mineralisation remains open down-dip/plunge and along strike

Peel Mining Ltd (ASX:PEX) has completed resource drilling at its emerging 100% owned Wagga Tank Project in western New South Wales.

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.

READ: Peel Mining hits more high-grade base metals with maiden Wagga Tank resource underway

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.

 

Quick facts: Peel Mining Ltd

Price: $0.30

Market: ASX
Market Cap: $71.61 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Peel Mining Ltd named herein, including the promotion by the Company of Peel Mining Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Peel Mining 'on time and on budget' to reveal maiden resource at Wagga Tank

Peel Mining Ltd (ASX:PEX) managing director Rob Tyson visits the Proactive Perth studio to discuss the latest results from ongoing drilling at the Wagga Tank zinc-polymetallic project in Western NSW. Three drill rigs are active on site, with a maiden JORC resource slated to be revealed in...

on 25/1/19

2 min read