The company also said a pre-feasibility study for Bawdwin was nearing completion and is expected to be announced in early April.
Myanmar Metals (ASX:MYL) is pleased to report a revised indicated and inferred mineral resource estimate for the Bawdwin lead-silver-zinc project in Myanmar completed by CSA Global and reported under the guidelines of the JORC Code 2012 Edition.
As highlighted in the press release:
- 50 percent increase in indicated mineral resource estimate to 37.2 Mt at 4.3 percent lead, 114 grams per tonne (g/t) silver, 2.4 percent zinc and 0.2 percent copper (0.5 percent lead cut-off above 750m RL, 2 percent lead below 750m RL), an increase of 12.4 Mt over the prior indicated mineral resource estimate.
- Updated global indicated and inferred mineral resource estimate of 94.2Mt at 4.2 percent lead, 107 g/t silver, 2.1 percent zinc and 0.2 percent copper.
- High-grade “core” mineralization is largely unchanged at 45.0 Mt at 7.6 percent lead, 176 g/t silver, 3.1 percent zinc and 0.3 percent copper (both Indicated and Inferred, reported at a global 2 percent lead cut-off). Importantly, 40 percent (18.1 million tonnes) of the high-grade core is now in the Indicated category, providing increased confidence on this critical part of the deposit.
- Tier 1 project status re-enforced – Bawdwin hosts the largest primary lead resource in the world and the 9th largest silver resource in the world.
- Resource estimates do not include any assay results received after mid December 2018. Subsequent assays including those from Yegon Ridge and Meingtha Gap have potential to add significant mineralization.
- PFS is nearing completion and is expected to be announced in early April.