Mount Burgess (ASX: MTB) reports Nxuu and Kihabe Mineral Resource Estimates

April 13, 2023 12:12 PM AEST | By Manisha

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Mount Burgess (ASX: MTB) reports Nxuu and Kihabe Mineral Resource Estimates — Image source: Company website

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Highlights

Mount Burgess today announced Mineral Resource Estimates for both the Nxuu and Kihabe Deposits applying 1.0% and 1.5% Zn equivalent low-cut grades.

18 holes drilled into the Kihabe Deposit were completely assayed for gallium mineralisation, while seven holes were completely assayed for germanium mineralisation.

As per the company, all holes contained significant intersections of gallium and/or germanium indicating there could be significant credits for both these minerals.

Significant zones of copper have been intersected in the north-east area of the Kihabe Deposit that have not been included in the Kihabe Mineral Resource Estimate.

ASX-listed exploration company Mount Burgess Mining (ASX: MTB) today announced Mineral Resource Estimate (MRE) for both the Nxuu and Kihabe Deposits applying 1.0% and 1.5% Zn equivalent low-cut grades.

Mount Burgess had announced the Nxuu Deposit MRE and the Kihabe Deposit MRE on 3 November and 10 August last year, respectively, on the basis of a 0.5% Zn equivalent cut-off grade.

Data source: Company update

Table source: Company update

The ASX-listed shares of Mount Burgess Mining traded at AU$0.003 on 12 April 2023.

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