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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 12/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 1-12-2017: Myanmar Metals Ltd. announces a Resource Estimation report for its Bawdwin deposit at the Bawdwin project. Update Mineral Resource to include the low grade material. Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to repor | |
| Resources: | (Resource, Inf.): 75.9Mt @ 4.6% Pb, 2.3% Zn, 0.25% Cu, 119ppm Ag at project | |
| CP/QP: | [Resources]: Serikjan Urbisinov (CSA Global Pty Ltd.) | |
| ABSTRACT: | Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to report a revised Mineral Resource estimate completed by CSA Global and reported under the guidelines of the JORC Code 2012 Edition. The maiden Mineral Resource estimate for Bawdwin was reported under the JORC Code and announced in the Company’s release to the ASX on 17th October 2017. The revised estimate is based on the same block model and estimation parameters but applies different cut-off grades. The Mineral Resource estimate is based on extensive historic channel sampling of underground exploration cross cuts supported by new diamond drilling and channel sampling data collected in 2017. The Mineral Resource estimate highlights the potential of the Bawdwin Project to be redeveloped as a large-scale mining operation. As previously reported, MYL holds an option over the Bawdwin project with Win Myint Mo Industries Co. (“WMM”), the Myanmar company that holds the 38 km2 Mining Concession at Bawdwin under a production sharing agreement with Myanmar state mining company, Mining Enterprise No. 1. Myanmar Metals Limited’s Chairman, John Lamb, commented: “This revised Resource estimate is further evidence of the significant unlocked value of the Bawdwin deposit. The mining study undertaken by CSA Global as part of the current Scoping Study demonstrates significant potential for a very low cost open pit operation which in turn supports a lower cut-off grade for that portion of the resource, allowing more material to be classified in the Inferred Mineral Resource category | |
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