Base Metals

Peel Mining (ASX:PEX) (“Peel” or the “Company”) is pleased to report that recent results from its 100%- owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales, reinforce the view that it has discovered a major high-grade zinc-rich mineral system. Assay results recently received from drilling undertaken prior to the Christmas/New Year …

Peel Mining (ASX:PEX) (“Peel” or the “Company”) is pleased to report that recent results from its 100%- owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales, reinforce the view that it has discovered a major high-grade zinc-rich mineral system. Assay results recently received from drilling undertaken prior to the Christmas/New Year break underscore the extensive and high-grade nature of zinc-lead-silver-gold mineralisation present at the Southern Nights prospect.
As quoted in the press release:

As previously reported, a diamond tail extension to drillhole WTRCDD033 intersected spectacular massive sphalerite-galena sulphide mineralisation. Assay results have confirmed that WTRCDD033 ranks as Peel’s best-ever drillhole intercept, having returned 46m @ 17.01% Zn, 9.57% Pb, 272 g/t Ag, 1.22 g/t Au from 201m. This mineralisation is in addition to that previously reported – 92m @ 2.81% Zn, 0.98% Pb, 19 g/t Ag, 0.2 g/t Au from 108m, including 9m @ 8.84% Zn, 2.07% Pb, 14 g/t Ag, 0.58 g/t Au from 188m (see ASX announcement 30 October 2017).

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