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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 3/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-3-2019: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 16.0m @ 12.8% Pb, 7.4% Zn, 342g/t Ag from 34m. John Lamb, Chairman and CEO said: “These drilling results | |
| Resources: | (Resource, I+I): 94.152Mt @ 4.19% Pb, 2.05% Zn, 0.22% Cu, 107g/t Ag | |
| CP/QP: | [Overall Report]: Andrew Ford (Internal) | |
| ABSTRACT: | John Lamb, Chairman and CEO said: “These drilling results are outstanding. I’ve often said that Bawdwin should be viewed as mineral field rather than a deposit and I think these results evidence that. Our drilling and exploration programs have moved from the central Shan, China and Meingtha Lodes, which represented the historical mining envelope, and we have discovered extensions of these lodes and new mineralised zones altogether. It’s hard not to be optimistic about the chances of materially growing Bawdwin’s existing world class resource when high-grade, wide extensions of the known lodes are still occurring and seven high priority exploration targets have been identified along strike, awaiting drill testing.” The China Western Hangingwall Lode, discovered in November 2018, has now been defined for over 300m along strike with much of the mineralisation being hosted within the China Pit Shell in a region previously modelled as waste in the 2018 pit optimisation. BWRC061 was drilled up-dip of discovery hole BWRC027 to test continuity of the higher grade intersections (Figure 3). The new hole confirmed the high grade lodes and intersected another high grade zone further west. Assays from BWRC061 include: 30m at 2.2% Pb, 1.3% Zn and 85g/t Ag from surface, 16m at 12.8% Pb, 7.4% Zn and 324g/t Ag from 34m, 36m at 4.8% Pb, 1.7% Zn and 105g/t Ag from 54m and 16m @ 2.6% Pb from 94m. BWRC072 was drilled 40m southeast of BWRC027 and intersected 48m at 2.5% Pb 0.9% Zn from 4m (Figure 4). BWRC074, a further 30m southeast, returned 15m at 4.0% Pb, 70g/t Ag from 5m, 8m at 3% Pb, 2.4% Zn, 32g/t Ag from 50m and 21m at 5% Pb, 81g/t Ag from 73m (Figure 6). The China Hangingwall Lode between the main China Lodes and the Western Hangingwall Lode was further refined as a result of the drilling of BWRC062 and BWRC080. BWRC062 intersected 58m at 3.0% Pb from 8m and 4m at 5.8% Pb, 3.4% Zn and 94g/t Ag from 75m. BWRC080 intersected 54m at 3.3% Pb from surface. | |
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