PEX 0.00% 11.5¢ peel mining limited

In April 2018 I significantly increased my holding (outlayed...

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  1. 47 Posts.
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    In April 2018 I significantly increased my holding (outlayed more than $30K) based on hole WTRCDD123. It as drilled roughly halfway between the main Wagga Tank and Southern Nights lenses of high grade ore, i.e. in the so called "Corridor Zone". The intercept was copper rich, i.e. 14.45m @ 2.43% Cu, 2.67 g/t Au, 123 g/t Ag, 2.58% Zn, 0.87% Pb from 435.55m. The copper and gold equivalent grades are 6.42% Cu and 10.01 g/t Au. These are very good grades! The true width was stated to be 30-50% of the 14.45m which averages at 5.78 meters which is well and truly a mineable width.

    In May 2018, it was announced "Downhole electromagnetic (DHEM) geophysical surveying of drillhole WTRCDD123 has identified asignificant offhole conductor considered to likely represent extensions to the mineralisationencountered in WTRCDD123...Follow-up drilling targeting the conductor is planned over the coming weeks.

    In early September 2018 it was announced "Drill targeting of the significant offhole conductor identified in WTRCDD123 – where strongmineralisation (14.45m @ 2.43% Cu, 2.67 g/t Au, 123 g/t Ag, 2.58% Zn, 0.87% Pb from 435.55m) wasreturned – remains to be completed following several unsuccessful attempts due to drillhole deviation.Additional follow-up drilling of this target is planned"

    Here we are in the middle of March and there has been no follow up as stated. It's typical of Rob Tyson! He doesn't seem to understand the importance of this target which leaves me gob smacked. Furthermore it confirms to me why he is the wrong person to be running the show.
 
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