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Myanmar Metals eyes base metals JORC resource

Published: 11:01 14 Sep 2017 AEST

Bawdwin core and ore samples
The Bawdwin lease includes the historical Bawdwin Mine

Myanmar Metals (ASX:MYL) has received and reviewed all results from the recently completed drilling and channel sampling program at the Bawdwin Project located in Myanmar.

The program was carried out at Bawdwin from November 2016 to July 2017 by consultants for Win Myint Mo Industries Co (WMM).

WMM is the Myanmar company that holds the 38 square kilometre mining concession.

Myanmar Metals holds an option with WMM for the Bawdwin project.

The high‐grade and laterally extensive surface channel and diamond drilling results highlight the potential of the Bawdwin Project to be redeveloped as a large‐scale mining operation.

The forthcoming JORC resource estimate and scoping study will further assess this potential.

Drill results

Drilling results included:

- 25.3 metres at 9.5% lead, 2.5% zinc and 189 g/t silver from 56.5 metres;
‐ 2.2 metres at 2.3% copper, 121 g/t silver, 1.07% nickel and 0.42% cobalt from 86.8 metres;
‐ 17.0 metres at 15.4% lead, 5.7% zinc, 319 g/t silver, 0.9% copper, 0.15% nickel and 0.39% cobalt from 104 metres;
‐ 6.6 metres at 2.4% copper, 1.8% lead, 123 g/t silver, 0.56% nickel and 0.25% cobalt from
81.6 metres;
‐ 4.3 metres at 2.1% copper, 1.2% lead and 75 g/t silver from 64.35 metres;
‐ 10.3 metres at 20.5% lead, 2.2% zinc, 0.5% copper, 540 g/t silver, 0.12% nickel and 0.28% cobalt from 50.6 metres;
‐ 9.3 metres at 8.2% lead, 4.9% zinc and 73 g/t silver from 64.35 metres;
‐ 30.5 metres at 11.5% lead, 7.5% zinc and 291 g/t silver from 102.5 metres;
‐ 8.0 metres at 1.4% copper, 4.8% lead, 1.5% zinc and 222 g/t silver from 41 metres;
‐ 10.8 metres at 9.9% lead, 16.9% zinc and 251 g/t silver from 51.5 metres;
‐ 12.0 metres at 1.0% copper, 4.7% lead, 2.6% zinc and 292 g/t silver from 16 metres;
‐ 4.0 metres at 2.3% copper, 1.9% lead and 133 g/t silver from 48.6 metres;
‐ 10.0 metres at 5.6% lead, 6.3% zinc and 159 g/t silver from 219.7 metres; and
‐ 11.0 metres at 12.0% lead, 4.5% zinc and 299 g/t silver from 227.7 metres.

Trench results

Channel sampling results included:

‐   8.0 metres at 5.0% lead, 15.9% zinc and 180 g/t silver from 3.7 metres;
‐   11.5 metres at 5.25% lead, 8.32% zinc and 73 g/t silver from 22 metres;
‐   8.0 metres at 19.5% lead, 4.7% zinc, 0.4% copper and 293 g/t silver from 8.5 metres;
‐   9.0 metres at 17.6% lead, 5.2% zinc, 0.7% copper and 472 g/t silver from 0 metres;
‐   11.9 metres at 7.2% lead, 5.2% zinc, 1.1% copper and 126 g/t silver from 0 metres;
‐   10.7 metres at 8.0% lead, 7.2% zinc, 1.5% copper and 250 g/t silver from 16.8 metres;
‐   7.5 metres at 4.5% lead, 13.3% zinc and 129 g/t silver from 21 metres;
‐   7.5 metres at 5.1% lead, 7.6% zinc, 0.6% copper and 350 g/t silver from 31.5 metres;
‐   8.0 metres at 6.4% lead, 17.0% zinc and 142 g/t silver from 0 metres;
‐   14.0 metres at 6.9% lead, 5.4% zinc, 0.4% copper and 321 g/t silver from 3 metres;
‐   25.0 metres at 16.3% lead, 14.6% zinc, 0.3% copper and 560 g/t silver from 22 metres; and
‐   8.5 metres at 5.1% lead, 12.1% zinc and 129 g/t silver from 5 metres.

 

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