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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper-Cobalt-Nickel | |
| Date: | 7/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 17-7-2018: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 27m @ 1.74% Pb, 50g/t Ag, 0.15% Zn, 0.84% Cu, 0.16% Co, 0.14% Ni from 164m. Myanmar Metals Limited (“MYL” | |
| Resources: | (Resource, I+I): 81.797Mt @ 4.8% Pb, 2.4% Zn, 0.24% Cu, 119ppm Ag | |
| CP/QP: | [Overall Report]: Andrew Ford (Internal) | |
| ABSTRACT: | Myanmar Metals Limited (“MYL” or “the Company”) is pleased to report further detail on the copper-cobalt-nickel mineralisation mentioned in the resource update released to the ASX on 2 July 2018. When the recent drilling program commenced in February 2018 it was decided to increase the suite of elements assayed to give a broader understanding of the Bawdwin mineralised system. In addition, a program of re-sampling from several holes for multi-element assays from the 2017 drilling was conducted. Analysis of the final results has identified distinct zones of copper-cobaltnickel (often coincident with the lead-silver-zinc) throughout the Bawdwin mineralised zone. Although comprising a relatively small part of the overall mineralisation drilled to date, historic underground sampling has shown the copper-cobalt-nickel zones mainly occur in areas with little drilling, particularly in the Shan Lode and deeper parts of the Meingtha lode. The next phase of drilling, planned to commence this quarter, will be focussed on increasing the drilling density to allow classification of the Inferred Mineral Resources to Indicated in these areas. Further coppercobalt-nickel mineralisation is expected to be detected from this drilling, in addition to the primary target of lead-zinc-silver mineralisation. | |
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