Peel Mining continues its path towards first production after reporting several high-grade copper hits at its Mallee Bull copper deposit in New South Wales.
Drill hole MBDD064, located at the centre of Mallee Bull, was the strongest performer of the most recent assays, intercepting 58m at 4.96 per cent copper, 59 grams per tonne (g/t) of silver and 0.2 g/t of gold from 585m.
MBDD064 also hit 31m at 7.62 per cent copper, 78 g/t silver and 0.24 g/t gold from 589m.
Mallee Bull’s MBDD058 drill hole hit 48m at 3.61 per cent copper, 36 g/t silver and 0.22 g/t gold from 484m.
Other significant findings included 31m of 3.21 per cent copper mineralisation from 396m at MBDD056, while MBDD054 returned a hit of 9m at 2.36 per cent copper from 382m.
MBDD058, MBDD056 and MBDD054 are all similarly located at the centre of Mallee Bull, highlighting the deposit’s consistency.
“Resource drilling at Mallee Bull has delivered a number of exceptional copper-rich intervals, highlighting the incredible tenor of chalcopyrite present in the heart of the mineral system,” Peel managing director Rob Tyson said.
“These results provide strong encouragement that the upcoming resource upgrade will demonstrate the high-grade nature of Mallee Bull and its economic importance as the company progresses our copper-first strategy.”
Peel commenced targeted infill drilling at Mallee Bull in January.
Peel also returned findings from its Wirlong deposit in NSW, with partial results from the WLDD047 drill hole yielding an intercept of 4m at 2.04 per cent copper and 3 g/t of silver from 526m, and 5m at 6.75 per cent copper and 11 g/t silver from 544m.
The exploration company still awaits results from 19 Wirlong drill holes, which are either pending, awaiting processing, or currently processing. Peel will release these results in an upcoming resource upgrade in mid-2022.