NEWS

Myanmar Metals has drill bit turning to upgrade lead, zinc and silver resources

proactive investors AUSTRALIA | ONLINE | THURSDAY 18 JANUARY

A 5,000 metre drilling program is underway at the Bawdwin mine.

Myanmar Metals Ltd (ASX:MYL) has the drill bit turning with the intention of upgrading resources at the Bawdwin Lead-Zinc-Silver Project in Myanmar.

Partner and tenement owner Win Myint Mo (WMM) has started a 5,000 metre drilling program.

One diamond drilling rig is operating with a second diamond rig and a reverse circulation rig on the way to the site.

The program is due for completion by the end of March and aims to provide sufficient density in the upper portion of the Bawdwin deposit.

This will enable Myanmar Metals to upgrade a portion of the inferred resource of 75.9 million tonnes at grades of 4.6% lead, 2.3% zinc, 0.25% copper and 119 g/t silver to the indicated category.

John Lamb, CEO and chairman, said: “I am very pleased with our progress over the Christmas period and with the positive and constructive nature of our discussions with the relevant Myanmar authorities.

“This dialogue and the overall advancement made to date is encouraging.

“Progress towards our goal to develop what is one of Asia’s most significant and underdeveloped zinc, lead and silver mines at Bawdwin remains well and truly on track.”

Gathering metallurgical samples

The 2018 drilling program will also enable WMM to gather samples for metallurgical and geotechnical information.

CSA Global has designed the program to suit the next phase of geological modelling and mine design with the drilling conducted by Titeline drilling.

Valentis Resources has been engaged to provide all geological support services on site.

Myanmar Metals expects drill results to be available from mid-February.

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