PEX 0.00% 12.0¢ peel mining limited

St Barbara - maybe not interested in buying Peel, page-23

  1. 9,768 Posts.
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    An update from September 2018 - an extract from it is below - says they were going back. 'Additional follow up drilling is planned' means there was a plan to go back and drill it. So they need to get on and do it.

    Sad that there were 'several' unsuccessful attempts made, when the technology exists to get the work done in a precise manner. Many millions of dollars were raised in the recent CR in order to further the drilling at Wagga Tank / Southern Nights, so a lack of available funds is not the issue. It's a wrongheaded decision around using those funds which is the issue.

    Drill targeting of the significant offhole conductor identified in WTRCDD123 – where strong mineralisation (14.45m @ 2.43% Cu, 2.67 g/t Au, 123 g/t Ag, 2.58% Zn, 0.87% Pb from 435.55m) was returned remains to be completed following several unsuccessful attempts due to drillhole deviation. Additional follow-up drilling of this target is planned.
 
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