Diggers and Dealers chairman expects ‘buoyant’ forum
Nick Giorgetta says the annual event is unique as delegates can also tour working mines.
Company
ASX:PEX
Peel Mining Ltd (ASX:PEX) is an Australian company focused on exploring and developing precious, base and specialty metals resources in New South Wales and Western Australia.
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Nick Giorgetta says the annual event is unique as delegates can also tour working mines.
The company is updating its resource model which will be part of a PFS which is expected this quarter.
Recently received results continue to add high-grade mineralisation to the Southern Nights prospect.
Emerging as one of the most significant zinc polymetallic discoveries in Australia.
Results confirm link between Wagga Tank and Southern Nights deposits and show potential for vertical continuity.
Deep drill hole in corridor reveals Cobar-style vertical base metals and precious metals mineralisation.
The placement leaves the mid-tier gold producer with a 12.3% stake in junior explorer.
Eleven holes for about 3,300 metres are planned to infill to a maximum of about 30-metre spacing.
First-pass drill results from The Bird/Fenceline prospect indicate good potential.
High-priority targets in the Cobar region will be subject to follow-up work.
The Saturn Metals initial public offer (IPO) is planned for early March.
The IPO of Saturn Metals Limited is underway with a prospectus issued.
Hampton Hill Mining and associates have increased their combined interest to 19.3%.
The intersection from the project near Cobar includes 17.01% zinc.
The farm-in agreement means exploration costs are paid for by partner Talisman.
Bamborough’s experience with gold major, Newmont Mining Corp of significance.
The drilling has extended the strike of lead-zinc anomalism to circa 2.7 kilometres.
St Barbara is an ASX-listed gold miner with a market cap of $1.6 billion.
The placement will fund a drill program of up to 30,000 metres.
Shares in Peel are up 140% over the past month, currently trading at $0.535.