Peel Mining Encounters More Copper Hits at Wirlong

THE DRILL SERGEANT: Peel Mining (ASX: PEX) informed of recent resource definition drilling at the company’s 100 per cent-owned Wirlong deposit in New South Wales.

Peel Mining reported the drilling returned further broad and high-grade copper-mineralised intercepts, including:

42 metres and 1.26 per cent copper, 5 grams per tonne silver from 258m to end of hole, including 9m and 4.1 per cent copper, 15g/t silver from 270m; and
26m and 0.58 per cent copper, 5g/t silver from 122m;
2m and 2.17 per cent copper, 22g/t silver from 206m; and
24m and 0.54 per cent copper, 2g/t silver from 222m;

2m and 1.11 per cent copper, 13g/t silver from 262m

3.61m and 3.12 per cent copper, 25g/t silver from 165m;
3m and 0.67 per cent copper, 10g/t silver from 213m;
5m and 2.84 per cent copper, 10g/t silver from 291m; and
11m and 0.88 per cent copper, 5g/t silver from 333m, including 4m and 1.67 per cent copper, 6g/t silver from 340m;

4m and 1.7 per cent copper, 6g/t silver from 255m; and

10m and 2.09 per cent copper, 8g/t silver from 193m.

Wirlong is part of Peel’s South Cobar project in NSW where drilling has been undertaken as part of the company’s ‘Hub & Spoke’, which aims to advance each of the deposits to mineable resources, to achieve critical mass in support of a new substantial centrally located processing plant.

Drilling at Wirlong has been designed to test the upper ~300m of the Wirlong Central Zone where high-grade copper (chalcopyrite) mineralisation has been interpreted to be structurally controlled on a NW-SE orientation.

Peel Mining said the recently returned assays results confirm healthy copper mineralisation in multiple drillholes, including broad mineralised zones (with higher-grade internal zones) and narrower mineralised zones including high-grade mineralisation.

The current results support earlier drillholes that intersected substantial chalcopyrite-dominant sulphide mineralisation over significant downhole widths.

“Wirlong keeps producing excellent copper hits and, encouragingly, is indicating good vertical spatial continuity between intercepts – underlining this is drillhole WLRC083 which is positioned approximately 90 metres above from WLRC073 and has returned a broad interval of copper mineralisation to end of hole including a significant very high-grade interval,” Peel Mining managing director Rob Tyson said.

“The recent switch to diamond drilling provides additional valuable information to assist with our structural and geological modeling as well as material for metallurgical testwork.

Once again, these results, coupled with the visuals and XRF analyses for drillholes still to be reported, assist in our goal of defining a high-grade maiden copper resource at Wirlong.”