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PEEL EXPLORATION LIMITED - ASX: PEX
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Peel Exploration Ltd (Peelex) is focused on precious, base and specialty metals exploration predominantly in the New England region of New South Wales, Australia. Peel is listed on the Australian Securities Exchange (ASX:PEX). Peel Exploration has secured six key project areas representing about 600 km2 of granted tenure. The Company's portfolio of 100% owned exploration licences comprises of:
Attunga Project - EL6883 & EL6884, containing numerous historic prospects including the Attunga Tungsten Deposit. The Attunga Project represents an Intrusive-Related Gold System.
May Day - Gilgunnia - ML1361 & ELA3776 contains the May Day gold-base metal deposit (located on a 100 hectare mining lease), and the historic Gilgunnia goldfield. The May Day deposit, a structurally controlled volcanogenic massive sulphide (VMS) system, is a classic analogue for Cobar-style precious and base metal mineralisation.
Dungowan Prospect - EL6613 contains five historic copper mines and workings. High grade copper mineralisation was reported from the Fishers copper mine (operated by a private syndicate in the late 1960's) with 2,643 tonnes of ore extracted at an average grade of 13.4% copper.
Armidale Prospect - EL6722 contains several historic silver mines along with numerous gold, antimony, tungsten and molybdenum workings. The area also hosts a large untested gravity anomaly which will receive exploration priority.
Mt Tennyson East - EL7272 contains the historic Kirk and Wades Kirk and Wades tungsten-molybdenum prospect (also known as Stony Creek). This prospect reputedly occurs on the equivalent skarn horizon as the nearby Mount Tennyson molybdenum deposit (1.4Mt at 0.11% Mo) and minimal modern exploration has been completed.
Yerranderie - EL7356 contains the historic Yerranderie silver field area. Literature searches indicate that substantial amounts of silver-lead-gold mineralisation remain present in surface waste and tailings dumps at Yerranderie. Peel plans to investigate the potential to retreat and remediate the Yerranderie environs.
Mine For
lead, zinc, silver, tungsten, gold, molybdenum, copper
Location of operation(s)
New South Wales
Address
Level 1 , 79 Hay Street
SUBIACO, WA, AUSTRALIA
Phone
(08) 9382 3955
Website
Last Updated
03/03/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.