- Peel Mining (PEX) returns further high-grade results from a diamond drilling program at the Mallee Bull prospect in New South Wales
- The company has now received all remaining assays from resource definition diamond drilling at the prospect
- The results included 25 metres at 8.26 per cent copper and 61 grams of silver per tonne (g/t) from 626 metres
- Peel Mining CEO Jim Simpson says the results continue to highlight Mallee Bull’s quality and continuity of mineralisation throughout the infill program
- Peel Mining is up 8.82 per cent to close at 18.5 cents
Peel Mining (PEX) has returned further high-grade results from a diamond drilling program at the Mallee Bull prospect in New South Wales.
The prospect is situated in the Gilgunnia goldfields, 100 kilometres south of Cobar and spans 85 square kilometres.
The company has now received all remaining assays from resource definition diamond drilling at the prospect, which was completed during the last financial year.
The results included 25 metres at 8.26 per cent copper and 61 grams of silver per tonne (g/t) from 626 metres, including 7.49 metres at 18.90 per cent copper and 142 g/t silver from 630.51 metres.
The company also struck intercepts such as 29 metres at 3.26 per cent copper and 31 g/t silver from 536 metres, including 19.04 metres at 4.46 per cent copper and 41 g/t silver from 544.96 metres.
These results represent the final assays for all drilling completed at Mallee Bull during the 2021/2022 financial year.
Peel Mining CEO Jim Simpson said the results continue to highlight Mallee Bull’s quality and continuity of mineralisation throughout the infill program.
Peel Mining was up 8.82 per cent to close at 18.5 cents.