The Asia Miner

APR-JUN 2019

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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the asia miner • volume 16 • issue 2 14 REGIONAL FOCUS: SE Asia & Indonesia Myanmar Metals has reported a 50 per cent increase in Indicated and Inferred Mineral Resource esঞmate for Bawdwin. The Mineral Resource esঞmate, which includes assays from drill holes completed in the recent program prior to the cut-off date in mid-December 2018, has been upgraded to 37.2 Mt at 4.3 per cent Pb, 114g/t Ag, 2.4 per cent Zn and 0.2 per cent Cu (0.5 per cent Pb cut-off above 750m RL, 2 per cent Pb below 750m RL) – an increase of 12.4 Mt over the prior Indicated Mineral Resource esঞmate. The company reports that drilling has conঞnued since this ঞme and results from these holes, including the recent Yegon Ridge discovery, will be used to update the resource for the Definiঞve Feasibility Study (DFS) due at the end of 2019. Myanmar Metals Execuঞve Chairman and CEO, John Lamb applauds Bawdwin's growth, not only in resource tonnes but in stature as a globally significant source of silver and base metals for the remainder of this century. "Now standing at over 94 million tonnes, Bawdwin ranks among the very best polymetallic mineral provinces in history, with its exploraঞon potenঞal sঞll to be fully realised," said Mr Lamb. The Mineral Resource esঞmate has been reported in Fresh, Transiঞonal and Deep Oxide zones modelled using a combinaঞon of mulঞ-element geochemical data and geological observaঞons. Drill hole logging indicates that the Transiঞonal material is characterised by parঞal oxidaঞon along fractures and fault zones. Metallurgical test work on transiঞonal material has given good recoveries of bulk lead and silver, with lower recovery of zinc where zinc oxide is present. Thinner Deep Oxide zones have been idenঞfied as being moderately oxidized along steeply dipping fault structures, showing similar recoveries to Transiঞonal material. Metallurgical tesঞng is conঞnuing to further refine planned treatment methods. The China Western Hangingwall Lode, discovered in Looking south showing track development along the Meingtha Ridge towards ER Valley IP anomaly for drill access. Myanmar metals boasts world's largest primary lead resource at Bawdwin

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