Peel Mining Earns High-Grade Southern Nights Returns

THE DRILL SERGEANT: Peel Mining released further high-grade results from Resource drilling underway on the Southern Nights deposit, part of the company’s Wagga Tank project in New South Wales.

Peel Mining explained the assays it has received during February represent additional close spaced (20x20m) infill drilling of the Southern Nights Central Zone and drilling for metallurgical and Mineral Resource Estimate purposes.

WTRCDD175 was drilled approximately 30m up-dip of previously reported WTRCDD043 and crosscuts WTRCDD035 a historical hole which had been drilled down the dip of mineralisation.

33 metres at 11.71 per cent zinc, 5.65 per cent lead, 0.19 per cent copper, 147 grams per tonne silver and 1.25g/t gold from 172m including 10.8m at 27.49 per cent zinc, 14.54 per cent lead, 0.5 per cent copper, 409g/t silver and 3.16g/t gold.

“This drillhole intersected a zone of significant shearing and experienced 2.2 metres of core loss from within the 32-metre mineralised interval,” Peel Mining explained in its ASX announcement.

“A value of zero was assigned to all elements in intervals of core loss which is considered conservative.”

WTRCDD180 was drilled as a twin of another previously reported drillhole – WTRCDD150 to provide material for further metallurgical testwork and for Mineral Resource Estimate purposes.

Results for this twin hole showed excellent repeatability of those reported in the earlier WTRCDD150.

16.95m at 43.25 per cent zinc, 14.66 per cent lead, 1 per cent copper, 356g/t silver and 3.11g/t gold from 179.15m against the intercept from WTRCDD150 previously reported as 18.2m at 40.3 per cent zinc, 15.21 per cent lead, 0.97 per cent copper, 356g/t silver and 2.77g/t gold from 182m.

The company declared geological logging and portable XRF analyses have also indicated intersections encountered in WTRCDD189, WTRCDD199 and WTRCDD179 further delineating a coherent body of high-grade mineralisation.

“These results continue to confirm the understanding of the high-grade mineralisation which is thought to be steep westerly dipping; covering up to approximately 180 metres strike and has been defined from approximately 120m below surface to approximately 350m below surface,” Peel continued.

“Importantly, this mineralisation remains open down-dip/plunge.

“It should also be noted that focus has been directed on the thickest and highest-grade zone of mineralisation which resides within the Wagga Tank Mudstone however additional mineralisation is also present within the volcanoclastics of the Vivigani Formation and the continuity and tenor of these zones is still being assessed.”