The Board of Myanmar Metals recently hosted a site visit to the Bawdwin Zinc-Lead-Silver-Copper Mine in Myanmar. The visit was arranged and conducted by the company’s in-country development partners Win Myint Mo Industries Co Limited (WMM).
The visit has reaffirms the Board’s view that the Bawdwin Mining Complex represents a clear opportunity to build and develop a tier-1 base metals mine. The project has access to existing infrastructure and there is significant scope to use some existing mine complex infrastructure to cost-effectively fast-track mine development.
Myanmar Metals CEO John Lamb said, “Before visiting the site, I was firmly of the view that we were targeting a globally significant deposit at Bawdwin. Following the visit, I now also know that we have a genuine opportunity to practically build and operate a mining project in that location which takes full advantage of this outstanding tier-1 deposit.
“Importantly, we have established a very strong relationship with our in-country partners, namely WMM, and we look forward to working closely with them over the coming months.
“The release of the JORC-compliant mineral resource is our next milestone and we anticipate a steady flow of updates thereafter.”
The company expects the resource estimate to be completed shortly.
The Bawdwin lease covers 38sqkm and includes the historic Bawdwin Mine as well as a large halo of lower-grade material, some of which is amenable to open pit mining. The mine was reputedly one of the richest mines in the British Empire before World War II. The mining reserve in 1938 was reported at 10.8 million tonnes @ 14% zinc, 23% lead, 1% copper and 670 g/t silver.
Bawdwin occurs in a volcanic complex that has never experienced systematic modern exploration.
The historic mining complex consists of a village, mine offices, 1980s flotation plant and the Marmion headframe and winder house; all located near the Bawdwin open pit.
Bawdwin is self-sufficient for water and electricity is supplied at 33KV from the nearby hydroelectric plant, owned and operated by WMM.
During September, the company received and reviewed results from the drilling and channel sampling program carried out by WMM at Bawdwin from November 2016 to July 2017.
The high-grade and laterally extensive surface channel and diamond drilling results highlight the potential of the project to be redeveloped as a large-scale mining operation.
Results included 25.3 metres @ 9.5% lead, 2.5% zinc and 189 g/t silver from 56.5 metres; 2.2 metres @ 2.3% copper, 121 g/t silver, 1.07% nickel and 0.42% cobalt from 86.8 metres; 17.0 metres @ 15.4% lead, 5.7% zinc, 319 g/t silver, 0.9% copper, 0.15% nickel and 0.39% cobalt from 104 metres; 6.6 metres @ 2.4% copper, 1.8% lead, 123 g/t silver, 0.56% nickel and 0.25% cobalt from 81.6 metres; 4.3 metres @ 2.1% copper, 1.2% lead and 75 g/t silver from 64.35 metres; and 10.3 metres @ 20.5% lead, 2.2% zinc, 0.5% copper, 540 g/t silver, 0.12% nickel and 0.28% cobalt from 50.6 metres.