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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper-Cobalt-Nickel | |
| Date: | 7/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-7-2019: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 51m @ 6.30% Pb, 0.82% Zn, 52ppm Ag, 0.54% Cu, 292ppm Co, 468ppm Ni from 21m. John Lamb, Chairman and CEO s | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Ford (Internal) | |
| ABSTRACT: | John Lamb, Chairman and CEO said: “We currently have a 100% success rate from target identification to the discovery of new mineralised zones. This is quite remarkable. Our exploration methodology has been validated and we believe our 4 high priority targets which remain untested by drilling have been further de-risked by the discovery of Shan North. Bawdwin already hosts the world’s largest primary lead resource but as drilling advances outside the historical mining envelope we see the potential for material resource growth becoming clear. These latest results improve density and confidence within the known ore zones, demonstrate extensions in several places and, importantly, show continuity along strike so that Bawdwin is beginning to look like a very large, continuous mineralised trend rather than a series of lenses or lodes.” Assay results from the first hole to test the Shan North target have been received. BWDD030, drilled to test the strong chargeability anomaly identified in both Gradient Array Induced Polarisation (GAIP) and deeper penetrating Pole-Dipole Induced Polarisation (PDIP) surveys, intersected 23.8m at 4.2% Pb from 23m, 34m at 6.5% Pb from 86m and 18m at 4.2% Pb from 210m. The drilling results show, once again, that the geophysical surveys undertaken by the Bawdwin Joint Venture (BJV) have successfully identified mineralisation outside of the current resource model. Encouragingly, the mineralisation appears to extend towards surface and is also open at depth (Figure 4 and 5) and is expected to be contiguous with the main Shan Lode to the southeast. | |
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