For thousands of other reports visit RSC's Mineral Intellingence Map
Mount Burgess Mining NL
Summary
| Project: | Kihabe-Nxuu | |
|---|---|---|
| Deposit: | Nxuu | |
| Location: | Botswana | |
| Commodities: | Vanadium-Zinc-Lead-Silver | |
| Date: | 12/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2018: Mount Burgess Mining NL announces an Exploration/Drilling Update report for its Nxuu deposit at the Kihabe-Nxuu project. Drilling results incl. 22.00m @ 3270ppm V2O5. As can be seen from the above chemical/mineral make up of DESCLOIZITE, the Va | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Giles Dale (Independent) | |
| ABSTRACT: | As can be seen from the above chemical/mineral make up of DESCLOIZITE, the Vanadium Pentoxide (V2O5) content is 1.785 times higher than Vanadium metal content. The Vanadium metal from the Nxuu Deposit assay results is part of the full mineral suite assayed for, which includes the metals Zinc, Lead, Silver, Germanium and Vanadium. V2O5 is seen as the ultimate vanadate product to be recovered from the Nxuu Deposit. Accordingly, based on the Vanadium metal assay results, the Company has now calculated the V2O5 grades of 21 holes drilled into the Nxuu Deposit. Refer to Table 1. The Vanadium metal content of these drill holes is summarised in the Company’s September 2018 Quarterly Report, released to the market on 31 October 2018. Overall, the 21 drill holes contain 251.84m of V2O5 mineralisation. This averages 12.0m per hole, ranging from 3.0m to 51.6m below surface. The calculated weighted average grade of those 251.84m is 1,347 ppm (0.1347%) V2O5. On 16 July 2018, the Company released results from a higher grade Vanadium metal zone in the Nxuu Deposit, covering an area roughly 270m X 100m where 10 drill holes yielded an average grade of 1,005ppm Vanadium metal. Since this release, the Company has now included a further two drill holes, AP008 and NXDD046 in this higher grade Vanadium metal zone. Overall, the 12 higher grade drill holes contain 141.41m of V2O5 mineralisation. This averages 11.8m per hole, ranging from 3m to 51m below surface. The calculated weighted average grade of those 141.41m is 1,885ppm (0.1885%) V2O5. V2O5 (China) is currently trading at US$68.13/kg (1000 ppm) Metallurgical test work is currently being conducted to determine the recovery of V2O5 from Descloizite. Results will be released once this test work has been completed. The Nxuu Deposit is a shallow basin shaped deposit where Zn/Pb/Ag/Ge/V2O5 mineralisation is hosted within a completely oxidised quartz wacke with a maximum depth of 60m | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report