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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: | 2/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2017: Mount Burgess Mining NL announces an Exploration/Drilling Update report for its Kihabe-Nxuu deposit at the Kihabe-Nxuu project. Drilling results incl. 8m @ 0.79% Zn, 0.39% Pb from 18m. In October/November 2016 Mount Burgess (The Company; ASX:MTB | |
| 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 program (Figure 1) on its Kihabe Zn/Pb/Ag Project (the Project) in Botswana (Figure 2), with the objective to test four additional Zn/Pb targets and a Cu/Co anomaly not previously drill tested that might represent the quartz wacke/dolostone contact which acts as a marker for mineralisation within this SEDEX system. These target areas were identified previously through a geochemical soil sampling program. To date the Company 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 2). The Company’s strategy is to use RC drilling for early identification of regions of interest for follow-up diamond drilling and on that basis the program has identified regions of low grade RC assay results (Table 1) that should be followed up with a more reliable diamond drilling program. Drilling results from Target 52 suggest the mineralisation occurs as a synclinal fold with both limbs of the fold dipping inwards. Whilst better results were encountered on the southern limb and at shallow depth on the southern side of the fold nose (Figure 3), the potential of the northern limb to host zones of material mineralisation should not be discounted given the very wide spacing of the drill lines spread across a strike length, (as defined by soil geochemistry results) of 5.2km, raising the possibility of material zones of mineralisation occurring between drill lines. ASX Code: MTB The 2016 drill program has identified mineralisation at Wanchu, Wanchu West and Target 52 at or near the QW/dolostone contact which, when combined with the deposits defined at Kihabe and Nxuu, cover a large area and raises the possibility of additional targets under the Kalahari sand and calcrete cover that occurs through-out the region. | |
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