Posted in | Gold | Copper | Lead | Silver | Zinc

Peel Mining Follow-Up Drilling Confirms Cobar Style Mineralization

Peel Mining Limited is happy to announce that the follow up drilling that it conducted at the Mallee Bull prospect has intersected more high grade Cobar style polymetallic mineralization. The Perth based mining company began the follow up drilling program in November 2011.

The Mallee Bull prospect is owned 100% by the Australian company as part of the May Day Gilgunnia Project. It was previously known as 4-Mile prospect as it was located within the historic 4-Mile goldfield. The project is located 100 km south of Cobar in New South Wales. The May Day gold, silver, lead and zinc deposit is located 10 km away from Mallee Bull.

The Managing Director of Peel Mining Limited, Mr Rob Tyson said that these results confirm that the Mallee Bull prospect is host to high-grade copper-dominant polymetallic mineralization similar to that found at other major deposits located in the Cobar district. Given the early stage of exploration, Mallee Bull represents a possible game-changer for Peel.

Multiple drill holes have found zones of massive sulphide and stringer mineralization, including visible chalcopyrite, sphalerite and galena with accessory sulphide minerals including pyrrhotite, pyrite, and arsenopyrite.

The favorable mineralization could lead to economically viable production for Peel Mining on the prospect. Currently drilling is being carried out on an approximate 40m by 40m grid pattern to determine just how viable the deposit is.

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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