Peel Mining Continues Southern Nights Festival of Hits

THE DRILL SERGEANT: Peel Mining (ASX: PEX) has continued its run of high-grade infill drilling results from the company’s 100 per cent-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales.

Peel Mining is systematically progressing Resource definition drilling at Wagga Tank-Southern Nights with the aim of establishing a maiden JORC Mineral Resource Estimate it has scheduled for delivery in June 2019.

Assay results from drillhole WTRCDD199 returned:
23.1 metres at 22.54 per cent zinc, 12 per cent lead, 0.25 per cent copper, 200 grams per tonne silver and 1.42g/t gold from 224m, including 16.35m at 28.09 per cent zinc, 15.77 per cent lead, 0.26 per cent copper, 270g/t silver and 1.8g/t gold from 224.75m.

Peel explained that drillhole WTRCDD199 is located approximately 50 metres northwest of previously announced drillhole WTRCDD150 and exhibits the same high-grade tenor.

Drillhole WTRCDD189 assay results included:
9m at 19.91 per cent zinc, 9.55 per cent lead, 0.17 per cent copper, 220g/t silver and 0.36g/t gold from 336m, including 5.4m at 29.26 per cent zinc, 13.97 per cent lead, 0.22 per cent copper, 326g/t silver and 0.45g/t gold from 337.2m.

Peel said this hole had confirmed continuity between the shallower mineralisation that was previously encountered by WTRCDD150 and the deeper mineralisation in WTRCDD166, approximately 170m down dip.

WTRCDD150 returned 18.2m at 55.5 per cent zinc+lead (Zn+Pb) from 182m, and WTRCDD166 returned a high-grade section of 16.2m at 21.9 per cent Zn+Pb from 366m.

A further drillhole WTRCDD179, drilled on an infill section in the south of the Central Zone approximately 100m south of drillhole WTRCDD150, returned assay results of:
17m at 10.36 per cent zinc, 6.05 per cent lead, 0.6 per cent copper, 401g/t silver and 1.86g/t gold from 181m, including 3m at 16.67 per cent zinc, 6.78 per cent lead, 1.04 per cent copper, 437g/t silver and 0.76g/t gold and 2.9m at 30.34 per cent zinc, 18.24 per cent lead, 0.19 per cent copper, 415 g/t silver and 0.38 g/t gold from 193m.

Peel claimed WTRCDD179 confirmed continuity of high-grade mineralisation to the south increasing the strike length of the high-grade zone.

“Drilling so far has successfully defined the approximate dimensions of the high-grade mineralisation,” Peel Mining said in its ASX announcement.

“Detailed structural and geochemical studies are also underway to further develop the geological model in preparation for the maiden mineral resource estimate for completion in June.

“This work will also assist in future drill targeting of additional high-grade zones in this large mineralised system.

“It is important to note the broader mineralisation is still open in all directions, with the company primarily focused on defining the high-grade component in order to fast track any potential economic assessments and ultimately production scenarios.”