Peel Mining Limited
Argent Minerals Limited (ASX:ARD) is pleased to provide the following strategic information to the market in relation to the Kempfield Polymetallic Project.
Thomson Resources Limited (ASX:TMZ) completed an extensive, 564 line kilometre, airborne "VTEM" survey (Versatile Time-domain Electro Magnetics) in June 2014 over some of its key prospects within NSW. The survey targeted volcanogenic massive sulphide deposits ("VMS") at the Havilah and Byrock projects.
Peel Mining Limited (ASX:PEX) is pleased to announce that CBH Resources Limited has advised that satisfaction of the farm-in agreement condition precedent regarding the Foreign Investment Review Board has now been received. Under the farm-in agreement (ASX announcement 21.05.12), CBH has the right to earn an interest of up to 50% in the project over a three-year period. This will be achieved through staged expenditure on exploration and a contribution to previous exploration costs incurred by Peel.
Peel Mining Limited (ASX:PEX) is pleased to announce that Mr Ryan Woodhouse has been appointed as Joint Company Secretary. Mr Woodhouse is a current employee of the Company and holds the position of Financial Controller. Mr Woodhouse is a member of the Institute of Chartered Accountants and has 5+ years of accounting and governance experience within the mining and energy industries.
Emerging Cobar district explorer and developer Peel Mining Limited (ASX:PEX) is pleased to announce that Peel and CBH Resources Limited (ASX:CBH), a wholly owned subsidiary of Toho Zinc Co Ltd., have signed a binding Heads of Agreement related to EL7461 and ML1361, which includes the Mallee Bull copper-polymetallic discovery near Cobar.
Perth-based explorer Peel Mining Limited (ASX:PEX) is pleased to announce it has reached agreement with OZ Exploration Pty Ltd, a subsidiary of OZ Minerals Ltd (ASX:OZL), to purchase a strategic exploration license (EL) in close proximity to Peel's Mallee Bull copper-polymetallic discovery.
Thomson Resources Limited (ASX:TMZ) - The discovery of significant Cobar-type deposits at Hera, Nymagee (YTC Resources (ASX:YTC)) and Mallee Bull (Peel Exploration (ASX:PEX)) have further highlighted the prospectivity of the Cobar region for polymetallic deposits. Thomson Resources has been exploring north and northwest of Cobar for similar deposits with significant success at Cuttaburra, but further exploration has been delayed by excessive wet weather.
Perth-based explorer Peel Mining Limited (ASX:PEX) is pleased to report the strengthening of the company's position in the Cobar mineral district. Peel has recently secured a 12-month option-to-purchase agreement over portions of Wirchilleba Station, which includes the immediate footprint of the Mallee Bull copper-polymetallic discovery. This option will help to provide Peel with security of tenure and land access as exploration at Mallee Bull progresses.
Perth-based explorer Peel Mining Limited (ASX:PEX) is pleased to report that a maiden RC drilling programme has now commenced at the Company's 100%-owned Ruby Silver Project located about 30km east of Armidale in NSW.
Peel Mining Limited (ASX:PEX) High-grade mineralisation remains open at depth offering excellent potential for Mallee Bull to grow into a major Cobar-style copper find.