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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 10/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 17-10-2017: Myanmar Metals Ltd. announces a Resource Estimation report for its Bawdwin deposit at the Bawdwin project. Initial resource estimate for project. Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to advise that it has recei | |
| Resources: | (Resource, Inf.): 41.4Mt @ 7.5% Pb, 3.5% Zn, 0.33% Cu, 178g/t 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 advise that it has received the results of the Mineral Resource estimate completed by CSA Global. As previously reported, MYL holds an option with Win Myint Mo Industries Co. (“WMM”), the Myanmar company that holds the 38 km2 Mining Concession at Bawdwin. The estimate is based on extensive historical channel sampling of underground exploration cross cuts supported by new diamond drilling and channel sampling data collected in 2017. The maiden JORC Code 2012 compliant Mineral Resource estimate highlights the potential of the Bawdwin Project to be redeveloped as a large-scale mining operation. The forthcoming Scoping Study will further assess this potential. “This initial resource of over 40 million tonnes with excellent grades puts the project, the Company and its partners in a great position to confidently move ahead with economic evaluation and Myanmar Government permitting of a new mine development. This resource estimate clearly demonstrates the potential of the Bawdwin deposit but it only represents the remnant high-grade and surrounding low-grade mineralisation from historical mining. There is great potential via future exploration programs to extend the open pittable and underground areas of the three known lodes and to discover new lodes. In other words, this resource represents only the beginning of the new Bawdwin story.” | |
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