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Mount Burgess Mining NL
Summary
| Project: | Kihabe-Nxuu | |
|---|---|---|
| Deposit: | Kihabe | |
| Location: | Botswana | |
| Commodities: | Silver-Lead-Vanadium-Zinc-Copper-Cobalt-Gallium-Mercury-Germanium | |
| Date: | 2/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-2-2018: Mount Burgess Mining NL announces an Exploration/Drilling Update report for its Kihabe deposit at the Kihabe-Nxuu project. Drilling results incl. 22m @ 9.47% ZnEq from 39m. The Company has received results from the seven HQ inclined diamond cor | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Karen Lloyd (Jorvik Resources Pty Ltd.) | |
| ABSTRACT: | The Company has received results from the seven HQ inclined diamond core holes drilled into the Kihabe Deposit in Botswana in the last quarter of 2017. The Kihabe deposit occurs within a SEDEX mineralised quartz wacke where mineralisation borders a near-vertical barren regional dolostone, beneath 5m to 15m of Kalahari sand cover. Zn/Pb/Ag/Ge mineralisation occurs within widths varying from 5m to 65m, averaging 27m over 1.8 km of the entire 2.4km strike length of the mineralised deposit. Drilling to date has confirmed that mineralisation occurs to depths of 175m with potential for further depth extensions. A zone of oxidised mineralisation occurs to varying depths of up to 85m, beneath which occurs further sulphide mineralisation. The seven HQ diamond core holes were drilled to establish the extent of the Kihabe high-grade oxide zone for potential supplemental feed to the all oxide Nxuu deposit, for which the Company is contemplating to undertake a feasibility study, subject to funding. Kihabe is located 7 km to the west of Nxuu. A summary of assays from the seven drill holes, as well as one relevant historical HQ diamond core hole (KDD126) is shown in Table 1. The Zinc Equivalent Grade for the Kihabe Deposit includes grades for Zinc, Lead and Silver calculated applying the average five trading days closing price from 22 to 26 January 2018 and further discounting the value by assumed metallurgical recoveries as follows | |
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