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April 30, 2009
Peel Exploration reported that during the quarter it completed a follow-up ground assessment (including Niton sampling) of a significant airborne geophysical anomaly at Dungowan, New South Wales, Australia. Geological investigations indicate that the area in question represents a regional fold-nose, however only slightly elevated copper levels were detected from surface geochemical sampling via Niton XRF analyser. At Waverley, New South Wales, Australia completed a follow-up ground assessment (including Niton sampling) of the silver prospect which was found to be a quartz-barite vein system mineralized over a strike length of up to 800 m. During the quarter, Peel was granted the Mt Tennyson East exploration licence. Mt Tennyson East is located adjacent to the Mt Tennyson molybdenum deposit and a review of historic data indicates that similar mineralization is present on Peel’s Mt Tennyson East prospect, possibly representing an extension to the known mineralization.
September 30, 2008
No fieldwork was completed during the quarter ended Sep30/08.
July 31, 2008
Final processing and interpretation of high-resolution airborne geophysical survey data was received subsequent to the quarter’s end with several high-order anomalies identified for follow-up investigation.