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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Meingtha, Shan | |
| Location: | Myanmar | |
| Commodities: | Lead-Zinc-Silver-Copper-Cobalt-Nickel | |
| Date: | 12/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 18-12-2018: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Meingtha, Shan deposit at the Bawdwin project. Drilling results incl. 21m @ 7.9% Pb, 3.4% Zn, 120g/t Ag, 0.01% Cu, 167ppm Co, 216ppm Ni from 124.2m. John Lamb, Chairma | |
| 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: | John Lamb, Chairman and CEO said: “We are very excited about the discovery of the Yegon Ridge Lode, which brings the number of potentially mineable mineral lodes validated by modern drilling at Bawdwin to four. Further significant targets include ER Valley; the historical copper workings at Chin Lode and several other as-yet un-named anomalies. We are now just starting to look outside the historical mining envelope and we are discovering high-grade mineralisation in areas which were, in the case of the Meingtha Gap, too difficult to access for historical miners or where the mineral system was unknown, as in the case of the Yegon Ridge Lode. To be clear, we are seeing grades similar to those described by British geologists at Bawdwin a century ago and that supported one of the highestgrade lead/silver/zinc mines in recorded history. We are also persistently finding cobalt, nickel and copper in our drill results. We know from historical production records that commercial quantities of all three metals were produced from the Bawdwin operations but were not regularly assayed or reported in geological resource estimates of the day. As a bonus, the latest set of drilling results also show that our geotechnical drilling, which provides data on the wallrock properties for the design of the China Pit, is discovering high-grade mineralisation in areas outside of the resource model where mineralisation was not expected. | |
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