Peel Mining extends Wirlong copper discovery

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) has extended the Wirlong copper discovery at the company’s Cobar Superbasin project in New South Wales.

Recent drilling completed by Peel, and funded by JOGMEC, through an earn-in agreement, has intersected multiple mineralised intervals, extending the known mineralisation, which remains open in all directions.

Peel said the mineralisation it has encountered to date demonstrates the typical geochemical, geological, mineral and alteration assemblages of Cobar-style deposits.

Latest results include:

WLRCDD024
26 metres at 1.21 per cent copper, 5 grams per tonne silver from 227m
5m at 1.14 per cent copper, 3g/t silver from 260m
2m at 1.24 per cent copper, 5g/t silver from 278m
10m at 1.01 per cent copper, 4g/t silver from 288m
1m at 4.81 per cent copper, 10g/t silver from 556m
1m at 3.91 per cent copper, 11g/t silver from 617m
4m at 1.1 per cent copper, 3g/t silver from 723m

WLRC026
2m at 3.8 per cent copper, 11g/t silver from 36m
9m at 1.27 per cent copper, 4g/t silver from 255m

WLRCDD027
16m at 0.56 per cent copper, 4g/t silver from 57m
10m at 0.74 per cent copper, 5g/t silver from105m

WLRCDD028
9m at 1.29 per cent copper, 7g/t silver from 412m
19m at 1.36 per cent copper, 6g/t silver from 432m
1m at 6.96 per cent zinc, 0.58 per cent lead, 6g/t silver from 546m

“Significant copper mineralisation at Wirlong has now been defined over approximately 200 metres strike, and from near surface to more than 500 metres below surface,” Peel Mining said in its ASX announcement.

“Mineralisation remains open up and down dip and along strike.

“Initial interpretation of results suggests a possible easterly offset to the mineral system to the north, as evidenced by highly anomalous copper mineralisation returned from the upper part of WLRCDD027.

“Future activity at Wirlong will be focused on extending the known mineralisation and targeting potential higher grade structures.

“Downhole electromagnetic surveying is planned for the near term.”

Email: info@peelmining.com.au

Website: www.peelmining.com.au