Peel Exploration has secured five key project areas representing about 950 km
2 of granted tenure. The Company’s portfolio of 100% owned exploration licences comprises of:
- Attunga Project - EL6883 & EL6884, containing numerous historic gold, tungsten and molybdenum prospects. The Attunga Project represents an Intrusive-Related Gold System.
- 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.
- Barry Prospect - EL6614 is centred on a cluster of copper and molybdenum workings. Exploration in the 1970’s returned copper values averaging some 1.7%.
- Waverley Prospect - EL6719 is centred on the historic Waverley silver-lead-zinc workings and an associated magnetic anomaly. Prospecting in the mid 1990’s returned anomalous values of up to 739 ppm silver, 14.6% zinc and 9.4% lead.
- 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.
