Peel Exploration Limited (ASX:PEX) Completes The Settlement Of May Day Gold-Lead-Zinc Acquisition
The May Day deposit is an advanced exploration play with historic data indicating significant gold-lead-zinc mineralisation below the existing, shallow open pit. Coupled with Peel's high grade Attunga Tungsten Deposit, May Day offers shareholders additional exploration upside, whilst its situation on a granted mining lease could potentially fast-track any development.
Peel is planning an exploration/resource drilling programme in anticipation of drilling beginning early in 2010.
About Peel Mining Limited
Peel Mining Limited (ASX:PEX) is an Australian company focused on exploring and developing precious, base and specialty metals resources in New South Wales and Western Australia, Australia.
Peel Mining Limited
Imperial Corporation Limited