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Myanmar Metals Ltd.
Summary
| Project: | Bawdwin | |
|---|---|---|
| Deposit: | Yegon Ridge | |
| Location: | Myanmar | |
| Commodities: | Lead-Silver-Zinc-Copper-Cobalt-Nickel | |
| Date: | 9/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-9-2019: Myanmar Metals Ltd. announces an Exploration/Drilling Update report for its Yegon Ridge deposit at the Bawdwin project. Drilling results incl. 33m @ 4.37% Pb, 166.33ppm Ag, 0.24% Zn, 74ppm Co, 165ppm Ni from 39m. Assays from two holes drilled a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Ford (Internal) | |
| ABSTRACT: | Assays from two holes drilled along strike to the south and north of the Yegon Lode discovery hole BWDD018 have been received. The man-portable drilling rigs operated from drilling pads prepared approximately half way up the slope of Yegon Ridge to optimise the drilling angle into the lode. BWDD034, drilled 30m south of BWDD018 intersected 33m at 4.4% Pb and 103g/t Ag from 39m, 6m at 4.6% Pb and 103g/t Ag from 75m and 5m at 4.9% Pb from 85m (Figure 3). BWDD035, drilled 60m north of BWDD018 intersected 14m at 3.2% Pb and 61g/t Ag from 41.5m and 3m at 5.3% Pb, 75g/t Ag and 1.1% Cu (Figure 4). These drilling results extend the strike length of the Yegon Lode to over 300m and will extend the resource model to be used in the upcoming Definitive Feasibility Study (“DFS”). The Yegon Ridge mineralised structure may be related to the 200m deeper Yegon Deeps target. Geotechnical hole BWDD021, drilled early this year in close proximity to the target, indicated that the chargeability anomaly may be hosted within a rhyolite porphyry unit, a similar host to the copper mineralisation at depth in the Meingtha and in ER Valley Lodes. | |
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