viewMyanmar Metals Ltd

Myanmar Metals has drill bit turning to upgrade lead, zinc and silver resources

A 5,000 metre drilling program is underway at the Bawdwin mine.

Drilling preparations
One rig is operating and two more rigs are on the way

Myanmar Metals Ltd (ASX:MYL) has the drill bit turning with the intention of upgrading resources at the Bawdwin Lead-Zinc-Silver Project in Myanmar.

Partner and tenement owner Win Myint Mo (WMM) has started a 5,000 metre drilling program.

One diamond drilling rig is operating with a second diamond rig and a reverse circulation rig on the way to the site.

The program is due for completion by the end of March and aims to provide sufficient density in the upper portion of the Bawdwin deposit.

READ: Myanmar Metals adds to resource at Bawdwin project

This will enable Myanmar Metals to upgrade a portion of the inferred resource of 75.9 million tonnes at grades of 4.6% lead, 2.3% zinc, 0.25% copper and 119 g/t silver to the indicated category.

John Lamb, CEO and chairman, said: “I am very pleased with our progress over the Christmas period and with the positive and constructive nature of our discussions with the relevant Myanmar authorities.

“This dialogue and the overall advancement made to date is encouraging.

“Progress towards our goal to develop what is one of Asia’s most significant and underdeveloped zinc, lead and silver mines at Bawdwin remains well and truly on track.”

Gathering metallurgical samples

The 2018 drilling program will also enable WMM to gather samples for metallurgical and geotechnical information.

CSA Global has designed the program to suit the next phase of geological modelling and mine design with the drilling conducted by Titeline drilling.

Valentis Resources has been engaged to provide all geological support services on site.

Myanmar Metals expects drill results to be available from mid-February.

Project manager appointed

The company has appointed experienced Australian geologist Tony Chisnall as project manager and site representative.

He will work alongside representatives of WMM and senior Valentis staff to oversee drilling and resource development work.

His career of over 20 years includes senior roles with Western Metals in Australia and Padaeng Zinc in Thailand.

The Thai experience will be instrumental in helping advance Bawdwin’s development.

READ: Myanmar Metals starts metallurgical tests on samples from Bawdwin project

Metallurgical test work on composite samples selected from the 2017 drill core is underway.

Up to 250 kilograms of samples are being prepared for analysis by ALS under the guidance of metallurgical consultant Battery Limits with results expected by the end of February.

Ongoing discussions with government

The company and WMM are continuing discussions with the Ministry of Natural Resources and Environmental Conservation and the Myanmar Investment Commission.

Myanmar Metals is taking the necessary steps to fulfil and comply with in-country regulatory and other requirements in order to obtain necessary project approvals.

Bawdwin was a world-class mine

The Bawdwin Mine, in the country’s northern Shan state, was reputedly one of the richest mines in the British Empire before World War II.

It was a world-class mine when in production and occurs in a volcanic complex that has never experienced systematic modern exploration.

Mark Creasy’s Yandal Investments holds almost 14% of Myanmar Metals, formerly Top End Minerals Ltd (ASX:TND).

Quick facts: Myanmar Metals Ltd

Price: 0.047 AUD

Market: ASX
Market Cap: $75.45 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: Shekel Brainweigh progresses Hitachi Europe R&D and...

Shekel Brainweigh Ltd (ASX:SBW) country manager for Australia Danny Nadri updates Proactive on progress with its signed Hitachi Europe R&D and commercial collaboration agreement.  The automation joint development and marketing agreement is for first-of-its-kind autonomous retail...

2 days, 11 hours ago

3 min read