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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 3/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-3-2018: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 46m @ 9.69% Pb, 0.31% Zn, 0.20% Cu, 116ppm Ag, 0.04% Ni, 186ppm Co from 0m. Myanmar Metals Limited (ASX: | |
| Resources: | (Resource, Inf.): 76.9Mt @ 4.6% Pb, 2.3% Zn, 0.24% Cu, 118g/t Ag at project | |
| CP/QP: | [Overall Report]: Dr Neal Reynolds (CSA Global Pty Ltd.) | |
| ABSTRACT: | Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to report that it has received the first assay results from the current Diamond (DD) and Reverse Circulation (RC) drilling program. The drilling results have confirmed the positions of multiple high-grade lodes defined by historic sampling and mapping, as well as detailing the position and tenor of the lower-grade, disseminated “halo” sulphide mineralisation, amendable to open pit mining. Several holes have successfully defined remnant high-grade massive sulphide mineralisation on the peripheries of historic stopes as well as refining the position of several unmined footwall lodes, further enhancing the grade and potential of the broader “halo” mineralisation zone. Myanmar Metals Limited’s Chairman, John Lamb, commented: “Early assays from our latest drilling program continue to confirm Bawdwin as a Tier 1 Silver and Base Metals deposit but they also reveal some significant surprises. Not only are we seeing the expected lead, silver and zinc values but we are also seeing significant levels of cobalt in the mineralised system, which is very exciting, particularly as it appears to be associated with nickel and copper which we have now shown exists in discrete zones within the mineralised system. Bawdwin is indeed a true polymetallic system and our understanding of the ultimate potential of this world-class mineral deposit continues to grow and evolve. I am particularly pleased with the attention to detail in this drilling program, some holes have targeted the margins - the edges of old stopes and the high-grade ore boundary zone – which has made for tricky drilling. The Titeline crews have gone about their work safely and diligently and we are seeing good drilling accuracy and high sample recoveries as a result.” | |
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