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Mount Burgess Mining NL
Summary
| Project: | Kihabe-Nxuu | |
|---|---|---|
| Deposit: | Nxuu | |
| Location: | Botswana | |
| Commodities: | Vanadium-Zinc-Lead-Silver | |
| Date: | 10/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-10-2018: Mount Burgess Mining NL announces an Exploration/Drilling Update report for its Nxuu deposit at the Kihabe-Nxuu project. Drilling results incl. 22.00m @ 1832ppm V. Further investigation and geological modelling on the Vanadium mineralisation a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Giles Dale (Independent) | |
| ABSTRACT: | Further investigation and geological modelling on the Vanadium mineralisation at the Nxuu Deposit suggests that an area estimated to be in the region of 270 m x 100 metres contains Vanadium mineralisation, averaging a grade of 1,005ppm. Significant intersections from 10 drill holes (see ASX announcements of 3 April and 5 July 2018) were used to model a single, continuous, near surface, high grade domain. The domain has modelled from the base of the Kalahari sand cover (approximately 3m below the natural surface), to a maximum depth of 50m (refer to Figures 7 and 8). At the Nxuu Deposit it is now becoming evident that significant Vanadium grades are being intersected at shallow depths outside of the currently known zones of significant Zn/Pb/Ag mineralisation. Future drilling programs will be designed to test outer regions of the currently known Zn/Pb/Ag zones of mineralisation. This should not need a radical change to the currently proposed drill plan as the Company believes that any such holes will only be shallow, probably to depths of no more than 30m. Subject to funding, the Company proposes to conduct the planned drilling program at the Nxuu Deposit to facilitate estimation of an INDICATED resource complian | |
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