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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 2/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-2-2019: Myanmar Metals Ltd. announces a Resource Estimation report for its Bawdwin deposit at the Bawdwin project. Updated mineral resource estimate at the project. The Mineral Resource estimate includes assays from drill holes completed in the recent | |
| Resources: | (Resource, I+I): 94.152Mt @ 4.19% Pb, 2.05% Zn, 0.22% Cu, 107g/t Ag | |
| CP/QP: | [Resources]: Serikjan Urbisinov (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Mineral Resource estimate includes assays from drill holes completed in the recent program prior to the cutoff date in mid-December 2018. Drilling has continued since this time and results from these holes, including the recent Yegon Ridge discovery, will be used to update the resource for the Definitive Feasibility Study (DFS) due at the end of 2019. The Mineral Resource estimate has been reported in Fresh, Transitional and Deep Oxide zones modelled using a combination of multi-element geochemical data and geological observations (Table 1). Drill hole logging indicates that the Transitional material is characterised by partial oxidation along fractures and fault zones. Table 2 contains details of the high grade “core” mineralisation reported at a global 2% Pb cut-off. Metallurgical test work on transitional material has given good recoveries of bulk lead and silver, with lower recovery of zinc where zinc oxide is present. Thinner Deep Oxide zones have been identified as being moderately oxidized along steeply dipping fault structures, showing similar recoveries to Transitional material. Metallurgical testing is continuing to further refine planned treatment methods. The Mineral Resource is quoted at a cut-off grade of 0.5% Pb above 750mRL (considered to be the open pittable zone) and 2.0% Pb below 750mRL (the underground mining zone) plus zinc and copper resources outside of the lead envelope. | |
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