PEX 0.00% 11.5¢ peel mining limited

Good upgrade on assays from the XRF to lab results in hole...

  1. 11,185 Posts.
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    Good upgrade on assays from the XRF to lab results in hole WTRC035 (~27% increase in Zn and note the upgrade in Ag  and Au grade which should be a handy credits if extractable when it comes to mining and processing).

    Grades went from (with XRF)

    - 21m @ 24.5% Zn, 8.6% Pb, 102 g/t Ag from 194m in WTRC035
    - 70m @ 4.8% Zn, 1.0% Pb, 18 g/t Ag from 128m (including 8m @ 14.9% Zn, 2.2% Pb, 15 g/t Ag from 188m) in WTRC033

    to (with conventional assaying)​

    - 21m @ 31.02% Zn, 12.05% Pb, 258 g/t Ag, 1.43 g/t Au from 194m in WTRC035
    - 58m @ 3.88% Zn, 1.19% Pb, 28 g/t Ag, 0.28 g/t Au from 139m (including 9m @ 8.84% Zn, 2.07% Pb, 14 g/t Ag, 0.58 g/t Au from 188m) in WTRC033

    No obvious significant mineralisation intersected in scissor hole WTRC036 which was drilled towards WTRC033. The hole is claimed to be drilled too far east for a successful scissor.

    They are currently drilling another scissor hole WTRC043 which is underway which is being drilled towards the high grade intersection in WTRC035. Funnily enough the hole has been collared further to west than hole WTRC036. Given they claim WTRC036 was too far west they need to drill this hole with shallower inclination if they want to target the zone of mineralisation or drill it deeper if they want to test the down dip extension of the mineralisation.

    No significant mineralisation encountered up-dip of hole WTRC033 in hole WTRC034. They say they drilled too far west to encounter mineralisation.

    Looks like they have hit more moderate to strong mineralisation in hole WTRC031 collared 160m south of WTRC021. The hole terminated due to water and was claimed to be targeting up-dip of WTRC021. Diamond tail is planned.

    Strong zones of mineralisation reported in holes WTRC037, WTRC038 and WTRC039 look like confirming continuity along sthe trike of the depoist for at least 250m

    Must heed the warning on the uncertainty with the direction of dip of the deposit when trying to interpret size at this stage, as significant uncertainty remains in the true width of most of the west drilled holes. They should turn more of these holes around as they are currently doing with hole WTRC043 which is under way. That would also help to test down dip extensions. Esh

    "Due to the early stage of investigation, the geometry of Southern Nights’ mineralisation, and subsequent true widths of the downhole mineralised intercepts, remains uncertain, however a near-vertical or a steep westerly dip to mineralisation is considered likely. This would imply a true width of between approximately 35-65% of the downhole intervals reported for all west-oriented (270 degree collar azimuth) drillholes, and between ~70-90% for east-oriented (85 degree collar azimuth) drillholes. Drilling is continuing to assist in determining the geometry of mineralisation."
 
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