Peel Mining (ASX:PEX) has reported ‘high grade’ copper intercepts from drilling at the Wirlong and Mallee Bull copper deposits within its 100%-owned South Cobar Project in Western NSW.
The results include the thickest copper intercept to date at Wirlong, with key grades including:
- Hole WLDD040: 205m @ 1.4% Cu, 3g/t Ag from 434m; including
- 161m @ 1.53% Cu, 3g/t Ag from 434m; including
- 7m @ 3.63% Cu, 7g/t Ag from 458m
- 9m @ 3.19% Cu, 9g/t Ag from 475m
- 11m @ 4.32% Cu, 8g/t Ag from 501m
- 10m @ 4.6% Cu, 7g/t Ag from 584m
- 16m @ 2.02% Cu, 3g/t Ag from 622m
- 161m @ 1.53% Cu, 3g/t Ag from 434m; including
- Hole WLDD022: 21m @ 1.31% Cu, 6g/t Ag from 336m including:
- 6m @ 2.2% Cu, 9g/t Ag from 337m
- Hole WLDD024: 22m @ 1.36% Cu, 4g/t Ag from 256m including:
- 5m @ 2.91% Cu, 10g/t Ag from 260m
- 2m @ 3.69% Cu, 12g/t Ag from 274m
- Hole WLDD029 13m @ 2.2% Cu, 10g/t Ag from 315m including:
- 5m @ 4.35% Cu, 14g/t Ag from 319m
Over at Mallee Bull, recent assays from resource upgrade drilling have included further ‘high grade’ results:
- Hole MBDD053: 26.84m @ 3.12% Cu, 23g/t Ag, 0.14g/t Au from 542.16m; including
- 3.44m @ 4.43% Cu, 76g/t Ag, 0.62g/t Au from 542.16m
- 10m @ 5.92% Cu, 30g/t Ag, 0.12 g/t from 553m
Speaking on the results, Peel Mining Managing Director Rob Tyson said: “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. WLDD040 has returned the most significant copper intercept at Wirlong to date and recent structural modeling indicates that this mineralisation remains open along strike to the southeast. At Mallee Bull, resource drilling continues to advance with ~80% 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.”
Peel Mining properties near Cobar, NSWThe company reports that resource drilling at both Wirlong and Mallee Bull is continuing, with further assays expected within weeks.
Modelling for a maiden MRE is underway at Wirlong, while drilling via two diamond rigs at Mallee Bull is aimed at upgrading inferred resources to indicated classification. A resource update is expected before the end of 2022.
Images: Peel Mining Limited
