THE DRILL SERGEANT: Peel Mining (ASX: PEX) reported high-grade copper-mineralised intercepts from ongoing drilling underway at the company’s 100 per cent-owned Wirlong copper deposit.
The Wirlong deposit is part of Peel Mining’s South Cobar project near Cobar in Western New South Wales where the company is drilling to advance deposits to mineable resources in order to achieve critical mass in support of a new substantial centrally located processing plant.
Wirlong also represents a core part of the company’s focus on advancing its copper resources.
Latest assays received from the drilling have confirmed further very high-grade copper intercepts at the Wirlong copper deposit with new results including:
153 metres at 0.98 per cent copper, 3 grams per tonne silver Ag from 239m, including 45m at 2.19 per cent copper, 7g/t silver from 333m, including 24.4m at 3.68 per cent copper, 11g/t silver from 350m.
4m at 3.15 per cent copper, 13g/t silver from 81m; and
98m at 1.43 per cent copper, 5g/t silver from 261m, including 52m at 2.3 per cent copper, 8g/t silver from 296m, including 28m at 3.62 per cent copper, 12g/t silver from 306m.
Peel Mining indicated further zones of strong copper mineralisation have been visible in recent drilling.
The company has sampling continuing with assays pending for multiple drillholes with visible sulphide mineralisation.
“The latest drilling adds further confidence to the continuity of high-grade copper mineralisation at Wirlong, the primary target of our resource definition drilling program,” Peel Mining managing director Rob Tyson said in the company’s ASX announcement.
“Of significance is the broad halo of stockwork chalcopyrite mineralisation that we continue to encounter within many of our drillholes pointing to the greater metal endowment of the Wirlong mineral system.
“We believe that the Wirlong Central Zone represents the intersection of N-S and NW-SE striking structures, providing controls on the position of high-grade mineralisation, a structural setting analogous to the world class CSA Copper Mine.
“Once again, we look forward to reporting further significant intercepts in due course.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE