The first month of exploration activity on Asia Pacific Mining Limited's AP-4 licence in Shan State has yielded significant discoveries of massive sulphide silver-lead-zinc mineralization. Samples have returned 305 grams/tonne silver, 56.9% lead and 4.1% zinc.
The 100%-owned AP-4 exploration licence was granted to Asia Pacific on October 3, 2014 by the Myanmar Ministry of Mines. The 649sqkm licence area was applied for by Asia Pacific based on immediate proximity to the historic Bawdwin silver-lead-zinc (+ copper, nickel, antimony and gold) mine - one of the most prolific producers of base and precious metals under the British colonial regime in Myanmar.
After reviewing Asia Pacific's proprietary database and technical library, the company's technical team concluded that the potential for additional volcanogenic massive sulphide (VMS) mineralization in the area surrounding the Bawdwin mine is very good, especially in light of the near-complete lack of exploration here during modern times.
During October, Asia Pacific technical staff made a series of initial field surveys through the area immediately surrounding the Bawdwin mine, yielding the discovery of significant mineralization. A zone of mineralization was initially delineated by the discovery of significant piles of slag material located in and around the banks of streams. It is believed these represent the remains of Chinese mining and smelting operations dating to the 14th Century.
Further exploration in the area of these slag piles resulted in the discovery of massive sulphide material in stream cobbles. Recently-received assay results have confirmed the very high-grade nature of this mineralization, with sample AP4-001 returning results equating to 2560 grams/tonne silver equivalent.
Based on these results, Asia Pacific has begun discussions with drilling contractors on procuring rigs for drill-testing of this target. It is expected that the target will be ready for drilling by April. The company is also advancing exploration activities at a number of areas considered prospective for the discovery of additional targets across the licence area.