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Mount Burgess Mining NL
Summary
| Project: | Kihabe-Nxuu | |
|---|---|---|
| Deposit: | Nxuu | |
| Location: | Botswana | |
| Commodities: | Silver-Lead-Vanadium-Zinc-Copper-Cobalt-Gallium-Mercury-Germanium | |
| Date: | 2/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-2-2018: Mount Burgess Mining NL announces an Exploration/Drilling Update report for its Nxuu deposit at the Kihabe-Nxuu project. Drilling results incl. 23.08m @ 2.56% ZnEq from 20.92m. The Company has received results from all 24 HQ diamond core vertica | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: karen Lloyd (Jorvik Resources Pty Ltd.) | |
| ABSTRACT: | The Company has received results from all 24 HQ diamond core vertical holes drilled into the Nxuu deposit in Botswana in November/December 2017. The Nxuu deposit occurs within a mineralised quartz wacke basin, covering an area roughly 250m X 550m, bounded by a barren dolostone basement. Zn/Pb/Ag/Ge mineralisation within the deposit is totally oxidised and occurs from near surface to a maximum depth of 60m. A high level summary of higher grade assays are shown in Table 1. The assay table also includes four relevant historical HQ diamond core holes NXDD003, NXDD007, NXDD005 and NXDD002. The Nxuu Deposit contains Germanium which if shown to be recoverable through metallurgical test work could represent a valuable credit. Germanium was not systematically assayed for or assessed in previous drilling campaigns, although it is known to be associated with zinc deposits. Germanium grades of interest were recorded in several holes in the recent drilling programme as shown in Table 3 below. Germanium is classified as a strategic metal with applications in fibre-optic systems, infrared optics, solar cell applications, and light-emitting diodes (LEDs). The Germanium price quoted on the Shanghai Metal Market on 30 January 2018 was US$1450/kg (~US$1.45/g) Allowing for natural variability of the mineralisation, the recent results are consistent with previous diamond core drilling results in the target zone with mineralisation occurring in a quartz wacke/sandstone with zones of calcrete near surface under Kalahari sand cover. Mineralisation occurs as shallow as three metres from surface (see NXDD030 on Section 2 South West), with several other holes intercepting mineralisation within the first 10m. | |
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