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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Bawdwin | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper-Cobalt-Nickel | |
| Date: | 11/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-11-2018: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Bawdwin deposit at the Bawdwin project. Drilling results incl. 65m @ 4.5% Pb, 5.0% Zn, 125g/t Ag, 0.07% Cu, 148ppm Co, 220ppm Ni from 3.0m. Myanmar Metals Limited (“MYL | |
| 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: | Myanmar Metals Limited (“MYL” or “the Company”) is pleased to announce the Bawdwin Joint Venture (“BJV”) has received first assay results from the ongoing drill program. John Lamb, Chairman and CEO, stated: “These early drilling results are stunning and show potential for significant expansion of the Bawdwin resource envelope. Already we are seeing outstanding results in the west wall of the China Lode, in areas previously modelled as waste; high-grade lead-zinc-silver mineralisation in zones previously modelled as lower grade halo mineralisation; and excellent copper-nickel-cobalt mineralisation over smaller intervals in the north-eastern part of the China Lode. The Company is delighted with these first drilling results and very excited about imminent results from drilling in the faulted zone between the China and Meingtha Lodes, again currently mapped as void of mineralisation in the resource model. The BJV’s active drilling and exploration programs are delivering strong results from the outset, underlining the absolute quality of the Bawdwin Mineral Field” Summary of drilling results BWRC027, drilled in the southwest edge of China Lode intersected 32m @ 4.2% Pb, 0.9% Zn and 91g/t Ag, including 11m @ 8.8% Pb, 1.9% Zn and 206g/t Ag, west of the current China Lode Mineral Resources(Figure 2). The Company considers this drill result as highly significant as the Gradient Array Induced Polarisation (GAIP) survey recently completed over this area defined an anomaly west of the China Pit which may relate to additional mineralised zones, approximately 200m west of the current China Lode Mineral Resource. Further drilling will be planned both up and down dip to test the extent of this new mineralised zone. | |
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