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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper | |
| Date: | 8/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 8-8-2019: Myanmar Metals Ltd. announces a Resource Estimation report for its Bawdwin deposit at the Bawdwin project. Updated mineral resource estimate at project. Myanmar Metals Limited (“MYL” or “the Company”) together with its partners in the Bawdwin Jo | |
| Resources: | (Resource, I+I): 100.575Mt @ 4.0% Pb, 3.1oz/t Ag, 1.9% Zn, 0.2% Cu | |
| CP/QP: | [Resources]: Serikjan Urbisinov (CSA Global Pty Ltd.) | |
| ABSTRACT: | Myanmar Metals Limited (“MYL” or “the Company”) together with its partners in the Bawdwin Joint Venture (“BJV”) is pleased to announce an updated Mineral Resource Estimate for the Bawdwin Project. The Mineral Resource Estimate incorporates an additional 7,897 metres of drilling results since the prior estimate was undertaken in December 2018 (as announced February 13 2019). The new ore block model which underpins the updated Mineral Resource Estimate has also been converted to a uniform mine grid parallel to the generalised strike of the mineralisation which is expected to result in reduced mining dilution and allow for more representative modelling of both grade and lithology. The cut-off date for this Mineral Resource Estimate was mid-July 2019. Drilling has continued since this time at Yegon Ridge with a further two diamond holes completed, and results from these holes, will be used to update the resource for the Definitive Feasibility Study (DFS) due in the first quarter of 2020. John Lamb, Chairman and CEO said: “Bawdwin is once again distinguished by its size and grade. A resource of 100Mt is indeed a significant milestone but we don’t believe we are close to defining the true mineral endowment of the Bawdwin mineral province. Our Mineral Resource Estimates are largely comprised from mineralisation within the historical mining envelope, with modest additions from stepping out along strike and parallel to strike, we have yet to drill to the bottom of the historical mine workings, let alone beneath them. The recent discoveries at Yegon Ridge, Shan North and ER Valley could add material project resources and we have a further 4 high priority exploration targets which look very promising.” | |
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