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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 5/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 22-5-2018: Myanmar Metals Ltd. announces a Resource Estimation report for its Bawdwin deposit at the Bawdwin project. Upgraded mineral resource estimate at the project. Together with partner Win Myint Mo Industries Co, Myanmar Metals Limited (ASX: MYL) (“ | |
| Resources: | (Resource, I+I): 81.895Mt @ 4.7% Pb, 2.4% Zn, 0.24% Cu, 119ppm Ag | |
| CP/QP: | [Resources]: Serikjan Urbisinov (CSA Global Pty Ltd.) | |
| ABSTRACT: | Together with partner Win Myint Mo Industries Co, Myanmar Metals Limited (ASX: MYL) (“MYL” or “the Company”) is pleased to report a revised Indicated and Inferred Mineral Resource estimate for Bawdwin completed by CSA Global and reported under the guidelines of the JORC Code 2012 Edition. The updated estimate utilises the new data from the 2018 drilling program and updates the previous Inferred Mineral Resource estimate announced in the Company’s release to the ASX on 6th March 2018. The substantial drill program completed in 2018 brings the total 2017-18 drill metreage to 5,320 metres of diamond core drilling and 2,014 m of Reverse Circulation drilling. The results of the 7,334 metres of recent drilling have supported the results of 56,008 metres of historic channel sampling of underground exploration cross cuts and have allowed classification of most of the shallower part of the Mineral Resource as Indicated. Myanmar Metals Limited’s Chairman and CEO, John Lamb, commented: “Bawdwin continues to impress, with the total JORC resource now exceeding 80 million tonnes with improved metal grades when compared to the resource estimate announced to the ASX on 6th March 2018. The increase in both tonnes and metal content is pleasing, noting that the recent drilling was primarily focused on infilling the resource and no exploration or resource extension drilling has yet been undertaken at Bawdwin. Most importantly, this estimate includes the first mineral resources at Bawdwin to be classified in the Indicated category under JORC-2012, representing substantial progress towards the planned open pit redevelopment of the mine.” | |
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