Myanmar Metals reports that it has received assays from two holes drilled along strike to the north and south of the Yegon Lode discovery hole at the Bawdwin project in Myanmar.
|Portable rig drilling BWDD034 on Yegon Ridge|
The Yegon Ridge mineralised structure may be related to the 200 metre deeper Yegon Deeps target. The geotechnical hole BWDD021, drilled early this year in close proximity to the target, indicated that the chargeability anomaly may be hosted within a rhyolite porphyry unit, a similar host to the copper mineralisation at depth in the Meingtha and in ER Valley Lodes.
There are currently three diamond rigs working on site: one conventional diamond rig and two man-portable rigs. All drilling is currently focussed on drilling geotechnical holes to further define the rock characteristics of the planned open pit as part of the DFS program. Several hydrological holes are also planned.
Since late 2018, a program of soil sampling has been in progress over the Bawdwin Concession with 2,245 samples collected. Samples were collected on 100 metre spaced lines at 100 metre intervals, using a handheld GPS for survey control. Where cohesive anomalies were observed in the first pass sampling, infill samples were collected, bringing the sample spacing down to 50 metres x 50 metres. This was conducted over Mt Teddy, Chin Lode and Pangyun Junction areas.
The soil sampling was successful in identifying anomalies above known mineralisation at Yegon Ridge, Shan and Meingtha Lodes providing additional validation of the XRF soils technique. New, robust anomalies have now been defined around Mt Teddy, ER Valley, Pangyun Junction, and Chin South.
“The Yegon Lode runs parallel to the main China Lode and importantly, a majority of this lode is hosted within our planned Starter Pit,” said Myanmar Metals Executive Chairman and CEO John Lamb.
“What we are seeing with these drilling results are wide mineralised intervals at good grades within the planned pit shell. This is clearly positive for our Starter Pit, which already boasts compelling PFS level project economics.
“The continuity of ore-grade mineralisation at Bawdwin is outstanding. We have seen this most recently at Shan North and we see it again at Yegon Ridge. Continuity of mineralisation is key for the design of an efficient mine as it allows for larger ore zones to be mined which improves the utilisation of the fleet and the overall cost of mining,” continued Mr Lamb.
“In assessing the merit of the new anomalies identified, I take great comfort from the fact the sampling methodology was validated by identifying anomalies over the known lodes and secondly, that in some areas we now have multiple lines of geoscience evidence to support the anomaly.”