Copper explorer Peel Mining (ASX:PEX) is up 4.8% in morning trade to 21.5c on the back of the company's reported 2021 diamond drill assay results for copper targets.
The company reports 11 assay results in total across as many drill holes for a total of over 200m of core samples.
Three rigs are still active on-site at the company's Wirlong project after extension drilling resumed in April this year; and while it lacks results for the drill hole thus far, the company claims it has already intersected new mineralisation in WLDD061.
The latest assay results reported today capture the efforts of drilling works that were completed towards the end of the 2021 calendar year and not included in the company's Wirlong maiden mineral resource estimate published last November.
The April 2022 diamond drilling campaign is planned to total out at 48,000m of drilling using four different rigs targeting perceived extensions of mineralisation on-site towards the upgrade of the Wirlong MRE.
Drilling is expected to wind up in late 2022.
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