Peel Mining Encounters Strong Copper Intersects at Wirlong

THE DRILL SERGEANT: Peel Mining (ASX: PEX) drilled very strong copper mineralised intercepts at the company’s 100 per cent-owned Wirlong deposit, part of Peel’s South Cobar project south of Cobar in Western New South Wales.

Peel Mining reported in late December 2020 that drillholes WLRC068, WLRC069 and WLRC071 had each intersected substantial chalcopyrite-dominant sulphide mineralisation over large downhole widths.

The company has now received assays confirming the presence of very high-grade copper mineralisation that is consistent with the position of an electromagnetic conductor plate, and with a revised structural model, supporting Peel’s geophysical and geological modelling.

Better results include:

9 metres at 4.33 per cent copper, 14 grams per tonne silver, 0.34g/t gold from 181m within 51m at 1.35 per cent copper, 6g/t silver, 0.11g/t gold from 177m;

6m at 8.64 per cent copper, 37g/t silver, 0.11g/t gold from 255m within 15m at 3.8 per cent copper, 17g/t silver, 0.04g/t gold from 255m; and

10m at 4.02 per cent copper, 16g/t silver from 275m within 28m at 1.83 per cent copper, 8g/t silver from 263m.

“These drillholes continue to demonstrate very high copper tenors, akin to those seen in previous drilling,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.

“The results highlight Peel’s opinion of the potential of Wirlong as we push towards a maiden mineral resource and emphasize our desire to become Cobar’s next copper-dominant base and precious metals mining company.

“We look forward to receiving the assays for the additional copper intercepts yielded from drilling since restart and reporting them in due course.”