Peel Mining Uncovers New High-Grade Gold Zones at Nombinnie
Peel Mining has reported significant new gold assay results from its recent drilling at the Nombinnie prospect in NSW, confirming the site as a promising gold target with both shallow and deeper mineralisation.
- New drill results reveal multiple significant gold intercepts at Nombinnie
- Shallow oxide and deeper primary gold zones identified
- Mineralisation remains open along strike and at depth
- Further geophysical surveys and drilling planned
- Anomalous base metals detected at Chuchi, May Day assays pending
Strong Gold Intercepts Confirm Nombinnie’s Potential
Peel Mining Limited (ASX, PEX) has released assay results from the final holes of its recent 20-hole reverse circulation drilling program at the Nombinnie prospect in New South Wales. The results include several significant gold intercepts, reinforcing Nombinnie as a highly prospective target within Peel’s Cobar Basin portfolio.
Notable new intercepts include 15 metres at 2.52 grams per tonne gold from just 15 metres depth and 13 metres at 1.33 grams per tonne from 147 metres, highlighting the presence of both shallow oxide and deeper primary gold mineralisation. These findings build on earlier results such as 33 metres at 2.47 grams per tonne from 52 metres, underscoring the continuity and scale potential of the mineralised system.
Geological Context and Exploration Strategy
The mineralisation at Nombinnie is interpreted as structurally controlled and remains open along strike and at depth, suggesting further upside potential. Peel Mining is now planning additional geophysical surveys and follow-up drilling to test extensions of the gold system. The prospect lies within a favourable geological setting on a volcanic-sedimentary contact, with historical workings dating back to the early 1900s and previous exploration confirming multi-element anomalies.
Managing Director Nick Woolrych emphasised the significance of the results, noting the combination of high-grade oxide gold near surface and deeper primary zones as encouraging for the project’s future. He highlighted Nombinnie’s role in Peel’s broader growth strategy within the Cobar Basin, signalling ongoing commitment to advancing this emerging gold target.
Other Prospects and Forward Outlook
At the Chuchi prospect, follow-up drilling returned anomalous zinc-lead-silver geochemistry but no economically significant intercepts to date. Assays remain pending for a recently completed drill hole at the May Day prospect, which tested down-dip extensions of known mineralisation. These results will be closely watched as Peel continues to evaluate its portfolio.
While historical drilling data carries some locational and assay uncertainties, Peel Mining has undertaken rigorous quality control and validation processes to ensure reliability. The company’s systematic approach combining geochemical, geophysical, and drilling methods positions it well to delineate a potentially significant gold-rich system at Nombinnie.
Bottom Line?
Peel Mining’s latest results at Nombinnie underscore the prospect’s growing significance, setting the stage for further exploration that could reshape its Cobar Basin ambitions.
Questions in the middle?
- How will upcoming assays from May Day influence Peel’s exploration priorities?
- What scale of resource might be delineated if mineralisation extends along strike and at depth?
- Could Peel’s geophysical surveys reveal additional targets beyond current drilling zones?
