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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper-Cobalt-Nickel | |
| Date: | 9/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-9-2017: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 69.7m @ 8.5% Pb, 0.46% Cu, 2.4% Zn, 170g/t Ag from 37.5m. Myanmar Metals Limited (ASX: MYL) (“MYL” or “t | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Neal Reynolds (CSA Global Pty Ltd.) | |
| ABSTRACT: | Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to advise that it has received and reviewed all results from the recently completed drilling and channel sampling programme that was carried out at Bawdwin from November 2016 to July 2017. The programme was completed by Australian‐led Myanmar‐based Geological Services Company, Valentis Services Limited (“Valentis”), for Win Myint Mo Industries Co. (“WMM”), the Myanmar company that holds the 38 km2 Mining Concession over the Bawdwin Project. As previously reported, MYL holds an option with WMM for the Bawdwin project. The high‐grade and laterally extensive surface channel and diamond drilling results highlight the potential of the Bawdwin Project to be redeveloped as a large‐scale mining operation. The forthcoming Mineral Resource estimate and Scoping Study will further assess this potential. Myanmar Metals Limited’s Chairman, John Lamb, commented: “The results provide compelling support for the Company’s strategy to establish a modern, safe open‐ pit and underground mining operation for the benefit of the country of Myanmar, MYL’s shareholders and our future mine development partners. We look forward to publishing a new resource estimate and the results of the scoping study as soon as possible.” | |
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