Peel Mining (ASX:PEX) said assays have been received for the remaining drill-holes from its recent 20-hole, 2,706-metre reverse circulation drilling program at the Nombinnie prospect in New South Wales.
Highlights from the latest results include NBRC010, which returned 7m at 2.11 g/t Au from 52m; NBRC011, with 15m at 2.52 g/t Au from 15m and 6m at 0.62 g/t Au from 41m; NBRC018, with 5m at 1.52 g/t Au from 25m; and NBRC020, intersecting 13m at 1.33 g/t Au from 147m.
These results build on previously reported significant intercepts, including 33m at 2.47 g/t Au from 52m in NBRC002 and 26m at 0.55 g/t Au from 29m in NBRC009.
The mineralisation is interpreted as structurally controlled and remains open both along strike and at depth, highlighting the potential for further oxide and primary gold zones.
Peel is now planning follow-up drilling and additional geophysical surveys to test extensions of the mineralised system.
Assays remain pending for recently completed drill-holes at the May Day prospect, targeting down-dip extensions of known mineralisation, while geological and geophysical review continues at the Chuchi prospect, where anomalous zinc-lead-silver geochemistry was recorded.
Managing Director and CEO Nick Woolrych commented that these results confirm Nombinnie as an exciting emerging gold target, with the combination of shallow high-grade and deeper primary zones.
At the time of reporting, Peel Mining's share price was $0.16.