Peel Mining (ASX:PEX) reports further ‘high-grade’ results have been returned from its drilling program at the Mallee Bull Project, located in the Gilgunnia goldfields, 100km south of Cobar in New South Wales.
The latest diamond drilling results represent the final assays for all drilling completed at Mallee Bull during 2021/22 and follows an announcement in April in which Peel announced ‘high-grade’ copper mineralisation following a resource upgrade.
Commenting on the results, Peel Mining Chief Executive Officer Jim Simpson said: “These results from the 2021/22 resource drilling program at Mallee Bull continue to highlight Mallee Bull’s quality and continuity of mineralisation throughout the infill program which has now been completed.”
These results continue to highlight Mallee Bull’s quality and continuity of mineralisation
The latest results from Mallee Bull include:
- (MBDD091) 25m @ 8.26% Cu, 61g/t Ag from 626m; including
- 49m @ 18.90% Cu, 142g/t Ag from 630.51m
- (MBDD090) 29m @ 3.26% Cu, 31g/t Ag from 536m; including
- 04m @ 4.46% Cu, 41g/t Ag from 544.96m
- (MBDD091W1) 7m @ 1.87% Cu, 20g/t Ag from 570m; and
- 12m @ 4.45% Cu, 53g/t Ag from 586m
Mallee Bull has been a flagship project for the company since the initial discovery of 2010 and has been defined into one of the ‘highest grade’ undeveloped copper deposits in Australia, featuring classic ‘Cobar-style’ Cu-Ag-Au-Zn-Pb mineralisation with attributes comparable to Cobar’s world class CSA Mine.
Mineralisation starts at 60m below surface and has been defined to at least 800m below surface and remains open along strike and depth.
