Myanmar Metals: More Promising Drill Results from Bawdwin JV

- December 19th, 2018

The company said assay results received from new holes drilled on Yegon Ridge, the Meingtha Gap, eastern China Lode, and northern Shan Lode continue to extend mineralization outside of the resource model.

Myanmar Metals (ASX:MYL) has announced that the Bawdwin joint venture has received further assay results from ongoing drilling at the Shan State, Myanmar project.

The company said assay results received from new holes drilled on Yegon Ridge, the Meingtha Gap, eastern China Lode, and northern Shan Lode continue to extend mineralization outside of the resource model.

As highlighted in the press release:

  • Drilling on Yegon Ridge has validated geophysical data by discovering a new mineralisation system at Bawdwin, the Yegon Ridge Lode.
  • Discovery hole BWDD018 intersected high-grade mineralization beneath Yegon Ridge, located on the opposite side of the Bawdwin valley from the three currently known deposits, including 16m at 7.0 percent lead, 1.5 percent zinc, 145 grams per tonne (g/t) silver, 0.9 percent copper from 170m
  • Chargeability data from geophysical survey shows the discovery hole BWDD018 intersected the edge of a relatively weak chargeable zone, with stronger anomalies defined 200m north and 100m south of the hole. Step-out drill testing of the southern Yegon Ridge IP anomaly is in progress
  • Drilling in the Meingtha Gap area continues to return high grades zones not recognised in the current resource model. Significant assay results include:
    • BWDD010: 21m at 7.9 percent lead, 3.4 percent zinc, 120g/t silver from 124m and 9m at 14.38 percent lead, 16.73 percent zinc and 344g/t silver from 146m
    • BWRC048: 31m at 4.2 percent lead, 52g/t silver from 62m; 5m at 1 percent lead, 1.5 percent zinc, 3.3 percent copper, 0.3 percent cobalt and 0.4 percent nickel from 164m and 6m at 3.4 percent lead, 3.6 percent zinc, 78g/t silver from 183m
  • Geotechnical hole, BWDD011 drilled in the Shan Lode, intersected:
    • 25m at 8.8 percent lead, 1.5 percent zinc and 159g/t silver from 64m

Click here to read the full Myanmar Metals (ASX:MYL) press release.

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