공시 • Jun 05
Peel Mining Limited Reports That Ongoing Drilling At Its 100%-Owned Wirlong Copper Deposit Has Returned Further High-Grade Copper-Mineralised Intercepts
Peel Mining Limited reported that ongoing drilling at its 100%-owned Wirlong copper deposit has returned further high-grade copper-mineralised intercepts. key Points: Latest assays confirm further wide high-grade copper intercepts at Wirlong copper deposit with new results including: WLDD017- 117m @ 1.03% Cu, 5g/t Ag from 280m including: 21.4m @ 2.37% Cu, 14g/t Ag from 294m including: 10m @ 4.04% Cu, 24g/t Ag from 300m; 7m @ 2.52% Cu, 7g/t Ag from 338.92m, 5m @ 2.45% Cu, 5g/t Ag from 361m. WLDD015: 80m @ 1.15% Cu, 5g/t Ag from 262m including: 11m @ 2.40% Cu, 14g/t Ag from 272m; 26m @ 1.72% Cu, 6g/t Ag from 302m including: 10m @ 1.92% Cu, 7g/t Ag from 302m, 10m @ 2.40% Cu, 8g/t Ag from 318m. WLDD016: 5.75m @ 5.54% Cu, 37g/t Ag from 353.25m. Further significant zones of strong copper mineralisation visible in recent drilling; sampling is continuing with assays pending for multiple drillholes with visible sulphide mineralisation in holes WLDD019, 021, 022 and 025; Maiden resource drilling ongoing with two diamond rigs; High-grade copper mineralisation at Wirlong Central has been defined from near surface to more than 600m below surface and remains open in all directions. As previously reported, drillholes WLDD015, 016 and 017 were recognised as hosting significant copper mineralisation. WLDD015 and 017 were drilled ~40m grid west from WLDD009, 011 and 013 which all returned high grade copper. WLDD016 was drilled a further ~80m grid west from WLDD015 and 017. WLDD015: 80m @ 1.15% Cu, 5g/t Ag from 262m including: 11m @ 2.40% Cu, 14g/t Ag from 272m; 26m @ 1.72% Cu, 6g/t Ag from 302m including: 10m @ 1.92% Cu, 7g/t Ag from 302m, 10m @ 2.40% Cu, 8g/t Ag from 318m. WLDD016: 3m @ 1.42% Cu, 6g/t Ag from 328m; 5.75m @ 5.54% Cu, 37g/t Ag from 353.25m. WLDD017: 2m @ 1.33% Cu, 10g/t Ag from 88m; 117m @ 1.03% Cu, 5g/t Ag from 280m including: 21.4m @ 2.37% Cu, 14g/t Ag from 294m including: 10m @ 4.04% Cu, 24g/t Ag from 300m; 7m @ 2.52% Cu, 7g/t Ag from 338.92m; 5m @ 2.45% Cu, 5g/t Ag from 361m; 10m @ 0.77% Cu, 3g/t Ag from 417m; WLDD018: 11m @ 0.61% Cu, 8g/t Ag from 168m. The current results are additional to previously reported resource definition drillholes which intersected substantial chalcopyrite-dominant sulphide mineralisation over significant downhole widths. Better results reported to date from Wirlong copper deposit include: WLDD006: 3.61m @ 3.12% Cu, 25g/t Ag from 165m, 5m @ 2.84% Cu, 10g/t Ag from 291m; WLDD007: 4m @ 1.70% Cu, 6g/t Ag from 255m; WLDD008: 10m @ 2.09% Cu, 8g/t Ag from 193m; WLDD009: 27m @ 0.68% Cu, 5g/t Ag from 57m including: 8m @ 1.24% Cu, 9g/t Ag from 66m,13m @ 0.74% Cu, 3g/t Ag from 96m including: 3m @ 1.23% Cu, 5g/t Ag from 98m; 39m @ 0.42% Cu, 2g/t Ag from 131m; 17m @ 4.00% Cu, 12 g/t Ag from 269m including: 11m @ 5.88% Cu, 17g/t Ag from 271; 29m @ 0.78% Cu, 6g/t Ag from 301m including: 10m @ 1.25% Cu, 9g/t Ag from 307m; WLDD010 10m @ 1.65% Cu, 6g/t Ag from 283m including: 6.06m @ 2.51% Cu, 10g/t Ag from 283.94m. WLDD011: 4.34m @ 1.42% Cu, 9g/t Ag from 64m, 4m @ 3.15% Cu, 13g/t Ag from 81m, 4m @ 2.19% Cu, 5g/t Ag from 119m. 98m @ 1.43% Cu, 5g/t Ag from 261m including: 52m @ 2.30% Cu, 8g/t Ag from 296m including: ·28m @ 3.62% Cu, 12g/t Ag from 306m. WLDD012: 2.6m @ 1.13% Cu, 3g/t Ag from 309.4m. 5.27m @ 1.06% Cu, 8g/t Ag from 319.73m. WLDD013: 153m @ 0.98% Cu, 3g/t Ag from 239m including: 45m @ 2.19% Cu, 7g/t Ag from 333m including: · 24.4m @ 3.68% Cu, 11g/t Ag from 350m. WLRC068: 51m @ 1.35% Cu, 6g/t Ag, 0.11g/t Au from 177m including: 9m @ 4.33% Cu, 14g/t Ag, 0.34g/t Au from 181m. WLRC069: o 15m @ 3.80% Cu, 17g/t Ag, 0.04g/t Au from 255m including: 6m @ 8.64% Cu, 37g/t Ag, 0.11g/t Au from 255m. WLRC071: 28m @ 1.83% Cu, 8g/t Ag from 263m including: 10m @ 4.02% Cu, 16g/t Ag from 275m. WLRC073: 163m @ 1.08% Cu, 4g/t Ag from 233m to end of hole including: 21m @ 2.00% Cu, 9g/t Ag from 283m, 11m @ 1.73% Cu, 5g/t Ag from 337m, 19m @ 1.58% Cu, 5g/t Ag from 359m, WLRC075: 9m @ 1.78% Cu, 5g/t Ag from 294m. WLRC077: 91m @ 0.93% Cu, 5g/t Ag from 254m including: 11m @ 2.08% Cu, 16g/t Ag from 268m, 6m @ 1.40% Cu, 6g/t Ag from 303m, 7m @ 3.58% Cu, 8g/t Ag from 334m. WLRC079: 7m @ 5.78% Cu, 19g/t Ag from 249m. WLRC080: 72m @ 1.01% Cu, 6g/t Ag from 120m including: 12m @ 1.70% Cu, 10g/t Ag from 137m. 13m @ 1.83% Cu, 10g/t Ag from 172m: WLRC083: 42m @ 1.26% Cu, 5g/t Ag from 258m to end of hole including: 9m @ 4.10% Cu, 15g/t Ag from 270m; WLRC088: 51m @ 0.94% Cu, 3g/t Ag from 208m to end of hole including: 4m @ 2.17% Cu, 8g/t Ag from 231m; 3m @ 4.34% Cu, 13g/t Ag from 255m. Wirlong is part of Peel's South Cobar Project, centred around 100km south of Cobar in Western NSW with drilling at part of the Company's "Hub & Spoke" strategy to advance each of the Company's deposits to mineable resources, to achieve critical mass in support of a new substantial centrally located processing plant. Wirlong also represents a core part of the Company's focus on advancing its copper resources. WIRLONG BACKGROUND: Wirlong is located within Peel's 100%-owned EL8307, located ~80km SSE of Cobar or ~35km N of Peel's 100%-owned Mallee Bull copper deposit. It is defined by 2km strike of sheared volcanics and sediments; large multi-element soil geochemical anomalies; and coincident/semi-coincident geophysical anomalies. It has since proven to represent a very large hydrothermal system hosting significant copper mineralisation along more than 2.5km strike length and to depths of up to 950m. To date some of the better copper intercepts returned from the Wirlong prospect include: 9m @ 3.29% Cu, 18 g/t Ag from 70m in WLRC035; 27m @ 5.3% Cu, 23 g/t Ag from 286m in WLRC026; 31m @ 3.19% Cu, 11 g/t Ag from 299m in WLRC052; 9m @ 8% Cu, 17g/t Ag, 0.21 g/t Au from 616m in WLDD001; 17m @ 4.59% Cu, 8 g/t Ag from 738m in WLRCDD043. Assay results returned significant intercepts in all three drillholes with results including: 4.26m @ 2.22% Cu, 7 g/t Ag from 380m and 0.74m @ 14.3% Cu, 66 g/t Ag from 396.2m in WLDD003; 1.15m @ 7.71% Cu, 30 g/t Ag from 54.45m and 30m @ 1.64% Cu, 8 g/t Ag from 305m (incl. 14m @ 2.63% Cu, 12 g/t Ag) from 320m in WLDD004; 5.9m @ 3.19% Cu, 13 g/t Ag from 347.1m in WLDD005. Down-hole EM was completed on drillholes WLDD003 and WLDD004 with modelling defining a late-time conductor, with approximate dimensions of 120m x 150m and its geometry consistent with the new structural model. High-grade copper mineralisation at Wirlong Central has been defined from near surface to more than 600m below surface and remains open in all directions.