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Mount Burgess Mining NL
Summary
| Project: | Kihabe-Nxuu | |
|---|---|---|
| Deposit: | Kihabe-Nxuu | |
| Location: | Botswana | |
| Commodities: | Silver-Lead-Vanadium-Zinc-Copper-Cobalt-Gallium-Mercury-Germanium | |
| Date: | 1/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2017: Mount Burgess Mining NL announces an Exploration/Drilling Update report for its Kihabe-Nxuu deposit at the Kihabe-Nxuu project. Drilling results incl. 5m @ 1.14% Zn, 0.41% Pb from 67m. In October/November 2016 Mount Burgess (The Company; ASX:MT | |
| Resources: | (Resource, I+I): 25.3Mt @ 3.00% ZnEq. at Kihabe-Nxuu | |
| CP/QP: | [Overall Report]: Jason Stirbinskis (Internal) | |
| ABSTRACT: | In October/November 2016 Mount Burgess (The Company; ASX:MTB) conducted a drilling programme (Figure 1) on its Kihabe Zn/Pb/Ag project in Botswana (Figure 2), where to date it has delineated 2004 JORC compliant Zn/Pb/Ag resources amounting to 25 million tonnes @ 3% Zn equivalent grade from its Kihabe and Nxuu deposits (see Table 1). In this SEDEX system mineralisation occurs in a quartz wacke (QW) at the zone of contact with the regional dolostone. The objective of the drilling program was to test four additional Zn/Pb targets and a copper/cobalt anomaly not previously drill tested that might represent the QW/dolostone contact. The Company’s strategy is to use RC drilling for early identification of regions of interest for follow-up diamond drilling. The Company advises that the first tranche of assay results from 7 of the 22 RC holes submitted for assay has confirmed mineralisation at Target 52 – one of the Zn/Pb anomalies. Results from Target 52 drill lines 4, 5 and 6 (Table 2 and Table 3) intersected Zn/Pb mineralisation at anticipated depths at or near the contact between quartz wacke and regional dolostone. | |
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