THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported that drilling at the company’s 100 per cent- owned Wirlong deposit has returned new broad and high-grade copper-mineralised intercepts.
The Wirlong deposit is part of Peel Mining’s South Cobar project, centred around 100km south of Cobar in Western New South Wales.
The recently received assays confirm further broad and high-grade copper intercepts at Wirlong with better results including:
163m at 1.08 per cent copper, 4 grams per tonne silver from 233m to end of hole, including 21m at 2 per cent copper, 9g/t silver from 283m and 7m at 2.09 per cent copper, 6g/t silver from 310m and 11m at 1.73 per cent copper, 5g/t silver from 337m and 19m at 1.58 per cent copper, 5g/t silver from 359m; and
9m at 1.78 per cent copper, 5g/t silver from 294m.
“The wide and high-grade copper hits reported herein, as well as those previously reported, point to the potential for a major Cobar-style copper system to take shape at Wirlong,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.
“These results, as well as visuals and XRF analyses for drillholes still to be reported, add to an excellent start to the company’s efforts to establish a maiden high-grade copper resource at Wirlong.
“Importantly, the results lend support to our aspiration to become Cobar’s next copper-dominant base and precious metals mining company.
“Once again we look forward to receiving the assays for the additional copper intercepts yielded from drilling since our last report and releasing them in due course.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE