Peel Mining announced that recent results from its 100%-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales, reinforce the view that it has discovered a major high-grade zinc-rich mineral system. Assay results recently received from drilling undertaken prior to the Christmas/New Year break underscore the extensive and high-grade nature of zinc-lead-silver-gold mineralization present at the Southern Nights prospect. As previously reported, a diamond tail extension to drillhole WTRCDD033 intersected spectacular massive sphalerite-galena sulphide mineralization. Assay results have confirmed that WTRCDD033 ranks as Peel's best-ever drill hole intercept, having returned 46m at 17.01% Zn, 9.57% Pb, 272 g/t Ag, 1.22 g/t Au from 201m. This mineralization is in addition to that previously reported - 92m at 2.81% Zn, 0.98% Pb, 19 g/t Ag, 0.2 g/t Au from 108m, including 9m at 8.84% Zn, 2.07% Pb, 14 g/t Ag, 0.58 g/t Au from 188m. Following a shutdown for the Christmas/New Year holidays, field activities have recommenced. Drilling at Southern Nights is continuing, with two double shift diamond rigs currently working. First-pass RC drilling at Fenceline/The Bird prospect, located 5km east of Wagga Tank/Southern Nights, has also recently commenced, while a fourth RC/diamond rig has resumed drilling at the Wirlong prospect (JOGMEC Farm-in/JV). In addition, 2 geophysical crews (IP and gravity) are working in the Wagga Tank/Southern Nights area.