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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | ER Valley | |
| Location: | Burma | |
| Commodities: | Copper-Lead-Nickel-Zinc-Cobalt-Silver | |
| Date: | 5/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-5-2020: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its ER Valley deposit at the Bawdwin project. Drilling results incl. 7m @ 0.47% Co, 1.2% Ni, 0.2% Cu, 9g/t Ag, 0.06% Pb, 0.07% Zn from 50m. Myanmar Metals Limited (“MYL” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Ford (Internal) | |
| ABSTRACT: | Myanmar Metals Limited (“MYL” or “the Company”) is pleased to announce that assays from 8 holes drilled in ER Valley (Figure 2) between February and March 2020 have been received. The exploration drilling program was designed to follow up on the April 2019 ER Valley discovery hole in, where BWDD023 intercepted 13m at 5.5% Cu, 79g/t Ag, 0.3% Co and 0.5% Ni from 156m. The 2020 drilling program was concluded early, due to cost reduction measures adopted in response to COVID-19, however, 8 holes were completed with a total 1,240 metres drilled including 754 metres of diamond core and 486 metres of RC percussion drilling (Figure 4). The drilling results successfully extended the ER Valley strike length to over 180m. Copper-cobalt mineralisation was intercepted in multiple holes at excellent grades across varying depths and widths. The ER Valley mineralisation is within an area of significant faulting, similar to the Yunnan and Hsenwi fault zones that bound the China lodes. The ER Valley fault has been interpreted to displace the mineralisation sub-parallel to the drilling, causing the mineralisation to be upthrown to the east. The north-south ER Valley fault also appears to be displaced to the southeast by several smaller cross faults, and reflects displacements seen in the 2018 IP survey. | |
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