First assays reinforce Bawdwin’s world-class mineral potential

Myanmar Metals Limited has received the first assay results from the current Diamond (DD) and Reverse Circulation (RC) drilling program.

The drilling results have confirmed the positions of the multiple high-grade lodes defined by historic sampling and mapping, as well as detailing the position and tenor of the lower-grade, disseminated “halo’ sulphide mineralisation, amendable to open pit mining.

Several holes have successfully defined remnant high-grade massive sulphide mineralisation on the peripheries of stopes as well as refining the position of several unmined footwall lodes, further enhancing the grade and potential of the broader “halo” mineralisation.

The recognition of significant levels of cobalt within the mineralised system, often in association with nickel (and copper in historic underground sampling) is particularly exciting.  The intersection of 19m @ 6.6% Pb, 187ppm Ag and 1,100ppm Co in BWRC002 and 7m @ 3.22% Pb, 1.97% Zn, 79 ppm Ag and 1,232ppm Co in BWRC006 clearly illustrates this additional mineral potential.

Commenting on the drilling program, Myanmar Metals Limited’s Chairman, John Lamb, said:

“Early assays from our latest drilling program continue to confirm Bawdwin as a Tier-1 Silver and Base Metals deposit but they also reveal some significant surprises.

“Not only are we seeing the expected lead silver and zinc values but we are also seeing significant levels of cobalt in the mineralised system, which is very exciting, particularly as it appears to be associated with nickel and copper which we have now shown exists in discrete zones within the mineralised system.

“Bawdwin is indeed a true polymetallic system and our understanding of the ultimate potential of this world-class mineral deposit continues to grow and evolve.

“I am particularly pleased with the attention to detail in this drilling program, some holes have targeted the margins – the edges of old stopes and the high-grade ore boundary zone -which has made for tricky drilling. The Titleine crews have gone about their work safely and diligently and we are seeing good drilling accuracy and high sample recoveries as a result.”