The Asia Miner

OCT-DEC 2017

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

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52 | ASIA Miner | Volume 14 • Issue 4 | 2017 Exploration DRILLING by Myanmar Metals at the Bawd- win Lead-Zinc-Silver-Copper Project in Myanmar has highlighted the potential for the project to be redeveloped as a large- scale mining operation. The company says the forthcoming mineral resource estimate and scoping study will further assess this potential. The company has received and reviewed all results from a drilling and channel sam- pling program carried out from November 2016 to July 2017. The program was completed by Austra- lian-led, Myanmar-based geological ser- vices company Valentis Services Limited for Win Myint Mo Industries Co, the Myanmar company that holds the 38sqkm mining concession over the project. The drilling program totalled 21 holes for 2956.6 metres and was supported by channel sampling in the shallow open pit. Mineralisation was confirmed outside the known high-grade lodes that supported the historic mine, extending to surface in the open pit. One hole returned three strong intersec- tions – 25.3 metres from 56.5 metres @ 9.5% lead, 2.5% zinc and 189 g/t silver; WHITE Cliff Minerals has completed 12 reverse circulation holes for 1400 metres at its Aucu Gold Project in the Kyrgyz Republic. Four-metre composite samples from the drilling have been submit- ted to a laboratory near Bishkek and in early October the company was awaiting results. The drilling was carried out at the Quartz Zone and Eastern Gold Zone with the program continuing at Lower Gold Zone. Once re- sults have been received, the company will plan further drilling at these zones. The company mobilised a second drill rig to the site in mid-August. In April 2017, the company reported an updated JORC 2012 compliant inferred resource for the Aucu gold deposit. Aucu con- tains extensive porphyry related gold and copper mineralisation, and hosts a resource of 1.8 million tonnes @ 5.2 g/t gold for 302,000 ounces above a cut-off grade of 1 g/t gold. The new resource represents a 93% increase in contained gold ounces and a 23% increase in average grade over the previous gold resource using the same cut-off grade reported in April 2015. The resource contains a new very high grade zone (Quartz Zone) of 244,000 tonnes @ 9.5 g/t gold containing 75,000 ounces, which starts at surface. The latest estimate also identified a new inferred copper resource above a cut-off grade of 0.25% copper, of 608,000 tonnes @ 0.64% copper, containing 3870 tonnes of copper. In August White Cliff announced that it had discovered a new gold zone adjacent to the three zones identified at the Eastern Gold Zone in 2016. The new zone, which was identified in a bulldozer cut while clearing a drill pad, consists of quartz veining within a halo of strong- ly altered sandstone. Channel sampling of this zone identified 3 metres @ 24.8 g/t gold and 4 metres @ 6.5 g/t on the two road cuttings. In addition, a rock chip sample of the same structure taken at the top of the hill had a grade of 23 g/t. The company recently raised $1.8 million in a non-renounceable rights issue. More than $900,000 was raised from valid applica- tions, with an additional $940,000 from the underwriter. Exploration success continues at Aucu Results highlight potential of Bawdwin The shallow open pit at the historic Bawdwin polymetallic mine in Myanmar. 2.2 metres from 86.8 metres @ 2.3% cop- per, 121 g/t silver, 1.07% nickel and 0.42% cobalt; and 17 metres from 104 metres @ 15.4% lead, 5.7% zinc, 319 g/t silver, 0.9% copper, 0.15% nickel and 0.39% cobalt. Other results are: 6.6 metres from 81.6 me- tres @ 2.4% copper, 1.8% lead, 123 g/t silver, 0.56% nickel and 0.,25% cobalt; 10.3 metres from 50.6 metres @ 20.5% lead, 2.2% zinc, 0.5% copper, 540 g/t silver, 0.12% nickel and 0.28% cobalt; 30.5 metres from 102.5 metres @ 11.5% lead, 7.5% zinc and 291 g/t silver; 10.8 metres from 51.5 metres @ 9.9% lead, 16.9% zinc and 251 g/t silver; and 11 metres from 227.7 metres @ 12% lead, 4.5% zinc and 299 g/t silver. Channel sample results include 8 metres from 3.7 metres @ 5% lead, 15.9% zinc and 180 g/t silver; 8 metres from 8.5 metres @ 19.5% lead, 4.7% zinc, 0.4% copper and 293 g/t silver; and 25 metres from 22 me- tres @ 16.3% lead, 14.6% zinc, 0.3% cop- per and 560 g/t silver. Myanmar Metals expects first-phase due diligence work to be completed in October. The work includes a scoping study to as- sess the technical viability and infrastructure requirements of the proposed mine and a preliminary assessment of the underground exploration potential .

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