THE DRILL SERGEANT: Peel Mining (ASX: PEX) greeted the day one crowd at the South West Connect Conference in Busselton with news on drilling from the company’s 100 per cent-owned Wirlong and Mallee Bull copper deposits in New South Wales.
Peel Mining reported that recent drilling had returned further high-grade copper-mineralised intercepts, including the company’s widest copper intercept achieved to date at Wirlong of:
205 metres at 1.4 per cent copper, 3 grams per tonne silver from 434m.
This intercept included:
161m at 1.53 per cent copper, 3g/t silver from 434m, including 7m at 3.63 per cent copper, 7g/t silver from 458m, 9m at 3.19 per cent copper, 9g/t silver from 475m, 11m at 4.32 per cent copper, 8g/t silver from 501m, and 10m at 4.6 per cent copper, 7g/t silver from 584m; and
16m at 2.02 per cent copper, 3g/t silver from 622m.
Drilling at Mallee Bull for a pending resource upgrade also yielded further high-grade copper mineralisation, including:
26.84m at 3.12 per cent copper, 23g/t silver, 0.14g/t gold from 542.16m, including 3.44m at 4.43 per cent copper, 76g/t silver, 0.62g/t gold from 542.16m, and 10m at 5.92 per cent copper, 30g/t silver, 0.12g/t gold from 553m.
“Maiden resource modelling and estimation for Wirlong is now underway whilst resource drilling continues to define this growing copper system where mineralisation remains open in most directions,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.
“WLDD040 has returned the most significant copper intercept at Wirlong to date and recent structural modelling indicates that this mineralisation remains open along strike to the southeast.
“At Mallee Bull, resource drilling continues to advance with approximately 80 per cent of the original resource definition program completed.
“MBDD053 has yielded a wide, high grade copper intercept on the boundary of the current resource indicating a significant thickening of the Mallee Bull lode in this area.”
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