New Silver, Lead, Zinc Discovery South of Cobar
Peel Mining Ltd has announced that its exploration drilling at the 4 Mile prospect has found significant silver, lead and zinc mineralization. The prospect which is owned 100% by Peel Mining is located in the May Day Gilgunnia project, situated 100 km south of the Cobar.
The drilling program concentrated on an east west line of three drill holes at about 40 m spacing and 633 m depth. It was targeting a magnetic geophysical anomaly in the 4 Mile goldfield. All three holes hit visible sulphide mineralization at about 10 m. Sphalerite and galena were found and so were other accessory sulphide minerals such as pyrrhotite, pyrite, arsenopyrite and chalcopyrite.
All drill holes remained anomalous in silver-lead-zinc-arsenic at the bottom of holes. Further exploration will be needed to test the possibility of supergene enrichment to the east of the drilled holed. Down-hole and moving-loop EM geophysical surveys are also planned to further refine the EM conductor and to test the local area for additional targets.
Peel Mining also found very high gold and silver values at the Tulloch, G Reef, Happy Valley and Rockvale areas. Samples collected here have identified that the G Reef lode is likely to be 700 m in length. The Australian company is focusing on developing its New South Wales and Western Australian metal projects.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
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