Peel Mining hits Barganza intersections at Mallee Bull

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THE DRILL SERGEANT: Peel Mining (ASX: PEX) set the boards alight with the release of recent drilling results from the company’s Mallee Bull project near Cobar in Western New South Wales.

The drilling encountered some very impressive intersections of near-surface zinc-lead-silver-gold mineralisation, including:

MBRC024
12 metres at 20.3 per cent zinc, 14.81 per cent lead, 0.54 per cent copper, 308 grams per tonne silver and 1.59g/t Au from 83m, including 7m at 31.44 per cent zinc, 19.37 per cent lead, 0.58 per cent copper, 440g/t silver, 2.53g/t Au from 83m;

MBRC023
6m at 10.57 per cent zinc, 4.81 per cent lead, 53g/t silver and 0.39g/t gold from 121m, including 2m at 26.65 per cent zinc, 11.88 per cent lead, 0.16 per cent copper, 121g/t silver, 0.69g/t gold from 122m;

BRC021
6m at 10.3 per cent zinc, 4.98 per cent lead, 159g/t silver, 0.76g/t gold from 95m, including 2m at 27.7 per cent zinc, 13.4 per cent lead, 430g/t silver, 1.9g/t gold from 96m; and

MBRC019
4m at 8.21 per cent zinc, 3.35 per cent lead, 113g/t silver, 1.02g/t gold from 88m, including 2m at 14.11 per cent zinc, 5.7 per cent lead, 194g/t silver, 1.93g/t gold from 89m.

MBRC019 to MBRC024 were designed to follow-up on newly discovered mineralisation at the T1 target to the east of Mallee Bull.

All intersected zinc-lead-silver-gold mineralisation.

“This is a very important development for Mallee Bull – exceptionally high-grade zinc-lead-silver-gold mineralisation, open in all directions and within open pit mining depths,” Peel Mining managing director Rob Tyson said in the company’s announcement to the Australian Securities Exchanged.

“Mallee Bull has once again confirmed its position amongst the most important greenfield’s discoveries in Australia in recent times.”

Email: info@peelmining.com.au

Website: www.peelmining.com.au