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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 4/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-4-2019: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 45.0m @ 4.95% Pb, 1.45% Zn, 85g/t Ag, 0.24% Cu, 714ppm co, 1127ppm N from 57m. Assay results from the firs | |
| Resources: | (Resource, I+I): 94.152Mt @ 4.19% Pb, 2.05% Zn, 0.22% Cu, 107g/t Ag | |
| CP/QP: | [Overall Report]: Andrew Ford (Internal) | |
| ABSTRACT: | Assay results from the first hole to achieve target depth in ER Valley have been received. BWDD023, as discussed in the ASX release of 11 March 2019, intersected strong breccia vein to massive chalcopyrite mineralisation. Assay results for the hole confirm the visual assessment, with an intersection of 13m at 5.5% Cu, 79g/t Ag, 0.3% Co and 0.5% Ni from 156m. The hole also intersected 8m at 2.4% Pb and 11m at 1.1% Pb from 111m and 127m respectively and 2m at 5.8% Cu, 50g/t Ag, 0.4% Co and 1% Ni from 132m (Figure 4). Assays have also been received for the shallow RC drilling (BWRC085-90) and the diamond tail on BWRCD089. The RC holes, which were terminated prior to target depth due to poor ground conditions, all returned anomalous lead intersections. BWRC087, which managed to drill deeper, intersected stronger lead mineralisation, with 16m @ 2.5% Pb returned from 44m. BWRC088 ended in lead mineralisation, returning 10m @ 1.3% Pb and 1.2% Zn from 5m, and 17m @ 2.1% Pb and 2.8% Zn from 31m.Spatially, the lead mineralisation appears to be occurring at shallower levels near the contact between sandstones and porphyritic rhyolite. Deeper into the rhyolite, coppercobalt-nickel mineralisation becomes more dominant. Assays from BWDD024, which was drilled to 145m and penetrated deeper into the rhyolite like BWDD023, are awaited. | |
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