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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper-Cobalt-Nickel | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-11-2018: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 74m @ 5.7% Pb, 2.0% Zn, 106g/t Ag, 0.1% Cu, 423ppm Co, 644ppm Ni from 71.0m. John Lamb, Chairman and CEO | |
| 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: | John Lamb, Chairman and CEO: “This is another set of outstanding drill results. Discovering new, wide mineralised zones within the China Starter Pit, as we have done with the new Western Hanging-wall Lode, provides potential to significantly improve starter pit economics, as tonnes previously modelled as waste could be processed as mineralised material, reducing the already low stripping ratio even further. A revised resource assessment incorporating drilling results from the western hanging wall and the high grade mineralisation intersected within the footwall is planned for completion in early 2019 and will be incorporated into the Prefeasibility Study.” Summary of drilling results New assays received from holes, BWRC026, BWRC031 and BWRC032 further define the extent of the western hanging wall lode (Figure 2). Assays were also received from in-fill drilling locations BWRC025, BWRC029 and BWRC030. These drilling locations were selected to upgrade resource classification and provide greater definition to the existing resource model. Western hanging wall lode The BJV first discovered the western hanging wall lode in hole BWRC027, as announced on 9 November 2018. This hole intercepted 21m at 5.7% Pb, 2.6% Zn, 174g/t Ag and 32m at 4.2% Pb, 0.9% Zn and 91g/t Ag, including 11m at 8.8% Pb, 1.9% Zn and 206 g/t Ag. The latest set of drilling results has extended the mineralised zone of the western hanging wall along strike for over 250m, with potential to extend further north as well as up and down dip (Figure 3). | |
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