Peel Mining Continues Drilling Hits at Wagga Tank and Wirlong

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Peel Mining Continues Drilling Hits at Wagga Tank and Wirlong

THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported further encouraging results from several of the company’s key prospects, located near Cobar in western New South Wales.

Peel Minong explained recent drilling results from its 100 per cent-owned Wagga Tank prospect relate to RC/diamond drilling aimed at extending the known footprint of mineralisation.

Results from Peel’s 60 per cent-owned Wirlong prospect relate to recent drilling and geophysical investigation aimed at defining high-grade Cobar-style copper mineralisation.

Drilling currently underway at the Wagga Tank prospect, comprising an initial program of RC/diamond drilling, is primarily aimed at increasing the footprint of this base and precious metals deposit.

Recent Wagga Tank drilling return several encouraging new drill intercepts, including:


WTRCDD023
11m at 7.15 per cent zinc, 2.31 per cent lead, 58 grams per tonne silver from 396m;


WTRCDD020
6m at 8.52 per cent zinc, 2.97 per cent lead, 12g/t silver from 282m; and


WTRCDD022
6m at 1.5 per cent copper from 92m.

Peel Mining is waiting on assays from drillhole WTRCDD021 that targeted coincident IP and magnetic geophysical anomalies approximately one kilometre south of Wagga Tank.

The company intimated the hole intercepted noteworthy zinc-lead-silver mineralisation it believes to confirm potential for major increase in scale of known mineral system.

Other drillholes WTRCDD024, WTRCDD025, WTRCDD026, WTRC027, WTRC028 were recently completed and are currently being processed with assays pending.

“A pause in drilling at Wagga Tank is anticipated once approval for proposed drilling at the Mt Allen/Mt Dromedary/Double Peak prospects is received,” Peel Mining said in its ASX announcement.

Assays have also been received for drilling at the Wirlong prospect, undertaken to define and extend the known footprint of copper mineralisation.

The Wirlong drilling returned strong copper mineralisation, including:


WLRC052
31m at 3.19 per cent copper, 11g/t silver from 299m, including 10m at 8.83 per cent copper, 28g/t silver from 299m; and


WLRC053
24m at 0.85 per cent copper, 8g/t silver from 179m.

“Recent drilling results indicate that the Wirlong copper system is structurally dislocated and possibly constitutes a series of stacked, short-strike length, shoot-like structures,” Peel Mining said.

“This is a typical feature of Cobar-style mineralisation and deposits.

“The true width remains unknown at this time; however it is considered likely that mineralisation is sub-vertical in nature, therefore true widths would be approximately 60 to 80 per cent of downhole widths.”

Email: info@peelmining.com.au

Website: www.peelmining.com.au