| Announcement Date: | 2022-02-07 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Peel Mining Ltd. |
| Project name: | South Cobar |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper |
| Highlight: | Drilling results incl. 58m @ 0.2g/t Au, 4.96% Cu, 59g/t Ag from 585m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Peel Mining Limited (ASX:PEX) (Peel or the Company) is pleased to report that ongoing drilling at its 100%-owned Mallee Bull and Wirlong copper deposits in NSW has returned further high-grade coppermineralised intercepts. Resource drilling at both prospects was paused for the Christmas/NY period, with reviews of both Wirlong and Mallee Bull resource drilling completed to determine opportunity to increase the resource quality and scale for economic study work. This work has now been completed with targeted infill drilling at Mallee Bull now underway. Additional to the recently released maiden resource estimation at Wirlong, Peel expects to deliver a Mallee Bull resource update in the March quarter 2022, as part of Peel’s copper first development strategy. Wirlong and Mallee Bull are part of Peel’s South Cobar Project, centred around 100km south of Cobar in Western NSW. PEEL MINING MANAGING DIRECTOR ROB TYSON COMMENTED |
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