Peel Mining, an Australia-based company focused on exploring and developing precious, base and specialty metals resources, has announced that drilling is now underway at its 100%-owned Apollo Hill gold project near Leonora, WA.
The company said that the planned exploration programme, which is expected to take about 2-3 weeks, comprises approximately 2,000m RC and was designed to test for extensions to existing gold mineralisation.
“Drilling is being completed to assess the potential to expand Apollo Hill’s JORC inferred resource estimate of 17.2 million tonnes at 0.9 g/t Au for 505,000oz of gold,” the company said in a statement to the ASX.
“Only about 10% of drillholes completed to date at Apollo Hill are deeper than 200m and current planning will see 4-5 drillholes (covering ~450m of strike length) completed to ~320m depth, testing for down-dip extensions to the known Apollo Hill gold mineralisation. A further 4 drillholes are planned to test for extensions to the mineralisation along strike of the current resource – at the southern and northern ends.”
Peel Mining also announced that it has completed drilling at Wirlong as part of JOGMEC’s Year 2 farm-in activities. The company said that planning for Year 3 investigations is in advanced stages, with activities on site anticipated to resume in April/May 2016.