Peel Mining Continues High-Grade Mallee Bull Hits

THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported assays from recent drilling at the company’s 100 per cent-owned Mallee Bull copper deposit, centred approx. 100 kilometres south of Cobar in New South Wales.

Peel Mining claimed the infill drillholes conducted during resource upgrade drilling confirmed additional high-grade copper and very high-grade zinc-lead-silver mineralised intercepts.

The latest assays from Mallee Bull resource upgrade drilling yielded further high-grade copper and very high-grade zinc-lead-silver mineralisation, including:

57 metres at 3.7 per cent copper, 39 grams per tonne silver from 614m

24.7m at 4.33 per cent copper, 33g/t silver from 414.3m, and 4.41m at 16.82 per cent zinc, 17.67 per cent lead, 109g/t silver, 0.45 per cent copper, 0.98g/t gold from 352.59m

10m at 3.41 per cent copper, 35g/t silver from 426m

20.7m at 2.28 per cent copper, 44g/t silver from 390.3m

9m at 13.11 per cent zinc, 12.83 per cent lead, 107g/t silver, 1 per cent copper, 1.57g/t gold from 395m.

“As anticipated, Mallee Bull is now delivering the broad high-grade copper intercepts we saw historically, with MBDD048 and MBDD052 yielding very impressive chalcopyrite-rich intersections,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.

“In addition, and as foreshadowed, the very high-grade zinc-lead-silver mineralisation seen in MBDD046 has now been repeated in nearby drillholes MBDD048 and MBDD051, substantiating the likely presence of a new, economically important, zinc-lead-silver lens.

“Drilling at Mallee Bull continues to advance well with approx. 75 per cent of the original resource definition program now completed.

“A review of drilling is currently underway seeking to optimise the resource upgrade outcome in anticipation of study work in the new year.

“Further results are anticipated to be received in the coming weeks.”