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Peel Mining delivers more high-grade zinc-lead-silver ahead of pre-feasibility study
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14:56 18 Aug 2017
Next key news flow is the pre-feasibility study due for completion in September
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The Peel team
Peel Mining Ltd's (ASXEX) most advanced asset is its Mallee Bull Project, located near Cobar in western New South Wales.

The latest resource definition drilling delivered highlights including: 9 metres at 20.82% zinc, 10.64% lead, 338g/t silver and 1.91g/t gold from 88 metres; and 9 metres at 10.80% zinc, 6.89% lead, 337g/t silver and 0.45g/t gold from 129 metres.

News flow will continue from the project, with metallurgical work continuing, and a pre-feasibility study due for completion in September.

READ: Peel Mining intersects more copper and silver at Wirlong
The study is on the high-grade, near-surface zinc-lead-silver-gold T1 lens.

The aim of the study is to investigate the conceptual development of T1 as a “dig and truck” operation, under which ore would be milled at CBH Resources’ Endeavor mine located 150 kilometres away, where surplus milling capacity exists.

A site visit is to be conducted next week by Peel and 50:50 joint venture partner CBH, with discussions focused on development scenarios and timelines.

Portfolio
Peel’s projects cover more than 5,000 square kilometres across New South Wales and Western Australia.

Projects include:

- Mallee Bull: An advanced copper polymetallic deposit that remains open in many directions;
- Cobar Superbasin: Farm-in agreement that offers funded strategic greenfields exploration potential along with the new Wirlong copper discovery;
- Wagga Tank: A polymetallic VHMS-type deposit with many significant intercepts;
- Apollo Hill: Exploration project that hosts a major, protruding, shear-hosted, gold mineralised system that remains open down dip and along strike; and
- Attunga: A high grade tungsten deposit.

Enjoy
from Sarg

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John Phillips