Peel Mining (ASX: PEX) has reported ‘high-grade’ copper mineralisation following diamond drilling at the Wirlong Prospect, within its South Cobar Copper Project in New South Wales.
These recent results, generated from an 18-hole diamond drilling program completed at the end of 2021, have confirmed the quality and continuity of the Wirlong deposit, with key intercepts including:
- Hole WLDD034: 43m @ 1.92% Cu, 8g/t Ag from 280m, incl. 18.8m @ 3.35% Cu, 13g/t Ag from 293m
- Hole WLDD035: 5.7m @ 5.54% Cu, 24g/t Ag from 239m, and 49m @ 1.50% Cu, 6g/t Ag from 260m, incl. 20m @ 2.86% Cu, 10g/t Ag from 286m
- Hole WLDD038: 13m @ 4.49% Cu, 19g/t Ag from 201m
- Hole WLDD042: 7.21m @ 2.98% Cu, 7g/t Ag from 348m
- Hole WLDD048: 24m @ 1.48% Cu, 7g/t Ag from 300m, incl. 5.75m @ 2.56% Cu, 11g/t Ag from 303.25m and 7.5m @ 3.18% Cu, 8g/t Ag from 529m
- Hole WLDD054: 4m @ 6.17% Cu, 23g/t Ag from 324m
- Hole WLDD056: 3.6m @ 11.77% Cu, 39g/t Ag from 374.1m
- Hole WLDD057: 31m @ 1.55% Cu, 4g/t Ag from 536m, incl. 14m @ 2.52% Cu, 6g/t Ag from 546m
- Hole WLDD059: 35m @ 1.82% Cu, 4g/t Ag from 472m, incl. 15m @ 3.11% Cu, 6g/t Ag from 492m
Addressing the results, Peel Minings CEO Jim Simpson said: “These results confirm the quality and continuity of the Wirlong deposit with high-grade copper intervals intersected throughout the Wirlong mineral system.
“These results confirm the quality and continuity of the Wirlong deposit”
Wirlong is developing into an integral piece of our South Cobar Copper strategy alongside Mallee Bull. We expect these results along with the results from the recent drilling at Mallee Bull to have a positive impact on the South Cobar Copper Resource upgrade planned for mid CY2022.”
The company also notes that extensional and infill drilling at Wirlong has resumed, with three rigs active. New zones of ‘significant’ copper mineralisation have been intersected outside of the existing mineral resource model, adding further support for a resource increase at the project, which is expected for delivery in mid 2022.
The South Cobar Copper Project is located approximately 30km southwest of Nymagee and 80km south-southeast of the township of Cobar in New South Wales, with Peel Mining owning 100% of all tenements.
The project encompasses 2km of strike, and boasts a Maiden Indicated and Inferred Mineral Resource Estimate for its Wirlong deposit of 2.45Mt @ 2.4% Cu, 8.7g/t Ag for 57,900t contained copper and 686,000oz contained silver.
Images: Peel Mining Limited
