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Mount Burgess Mining NL

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Summary

Project:

Kihabe-Nxuu

Deposit:Kihabe-Nxuu
Location:Botswana
Commodities:Vanadium
Date:4/3/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:3-4-2018: Mount Burgess Mining NL announces an Exploration/Drilling Update report for its Kihabe-Nxuu deposit at the Kihabe-Nxuu project. Old drillholes, new assay results incl. 22.00m @ 1832ppm V from 3.0m. Further to the announcement released to the mar
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Karen Lloyd (Jorvik Resources Pty Ltd.)
ABSTRACT:Further to the announcement released to the market on 23 March 2018, relating to the Kihabe Vanadium mineralisation in Zone 4, Vanadium mineralisation in the Nxuu Deposit, 7 kilometres east of Kihabe has now been reviewed. Currently the Nxuu Deposit comprises four drill sections of 24 diamond core holes in an area also previously covered with RC drilling. Three of the diamond core holes were drilled in 2008 and 21 were drilled between October to December 2017. Within the suite of diamond core holes, Vanadium mineralisation was intersected over an area 320m x 200m. Refer Figure 1. All zones of Vanadium mineralisation in excess of 100 ppm Vanadium are considered material for inclusion in the reported data for the Nxuu Deposit. Vanadium mineralisation has not been taken into consideration in resource modelling or calculation of a zinc equivalent grade. Further investigation is required to understand the distribution of vanadium mineralisation at Nxuu and its metallurgical characteristics.

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