Mount Burgess’ (ASX:MTB) Mar’23 quarterly report lists out swift developments at Kihabe-Nxuu polymetallic project - Kalkine Media

Highlights 

• Mount Burgess has released its activities report for the March 2023 quarter.
• The company has appointed two new Directors to scale up development activities at its Kihabe-Nxuu project.
• The company believes that the totally oxidised, weathered, shallow basin shaped Nxuu Deposit is potentially a low risk, low-cost operation.
• MTB shared an update highlighting Indicated and Inferred Mineral Resource Estimates for the Nxuu and Kihabe polymetallic deposits.

Listed on the Australian Securities Exchange (ASX), Mount Burgess Mining (ASX: MTB) has emerged as a prominent exploration player in the industry. Recently, the company released its quarterly report for the three-month period ended 31^st March 2023.

While the company registered numerous developments during the quarter, we bring to you the most significant updates from the March 2023 quarterly report. Have a read!

Leadership team strengthened

During the quarter, the company welcomed onboard two qualified local participants to contribute to the development of the Kihabe-Nxuu project.

Jacob Thamage: Mining Engineer

Thamage was earlier serving the role of a Director at MTB’s wholly owned subsidiary, Mount Burgess (Botswana) Pty Ltd. He has also worked as the Deputy Permanent Secretary to the Ministry of Minerals, Energy and Water resources. Presently, he is also the CEO of Botswana’s Diamond Hub.

Ian Barclay McGeorge
Mr. Ian is a Fellow of the Geological Society of London and a chartered geologist.
Also, he is a Principal Consultant and co-owner of iQuest Geology, a geological consultancy based in Gaborone, Botswana. Formerly, he has supervised exploration and resource development on MTB’s Kihabe-Nxuu project.

In-house assessment of Nxuu Deposit

Mount Burgess held an in-house assessment of the Nxuu Deposit that concluded the following on the basis of 47 holes drilled into the NW and NE areas of the deposit.

• Average depth to base of mineralisation is 42.74m per hole
• Average length of mineralised intersections above low-cut grades is 28m, i.e. 65.5% per hole
• Average depth of Kalahari sand cover is 6.12m, i.e., 14.3% per hole, which can be removed with bulldozers or scrapers without requiring drilling and blasting. Only deeper zones in four of the 47 holes may need light blasting where calcrete is encountered.
• Average depth to commencement of mineralisation within quartz wacke immediately below Kalahari sand cover is 7.18m, i.e., 16.8% per hole.
• Average length of intersections below low-cut grades within quartz wacke is 1.44m, i.e. 3.4% per hole
• The low-cut grades applied were:
• 1% for Zinc, which gave a total of 547.94m @ 1.96%, for 47 holes assayed
• 1% for Lead, which gave a total of 312.46m @ 1.42%, for 47 holes assayed
• 10g/t for Silver, which gave a total of 164.42m @ 20.54g/t, for 47 holes assayed
• 300ppm for Vanadium Pentoxide, which gave a total of 423.30m @ 1,152ppm, for 43 holes assayed
• 3g/t for Germanium, which gave a total of 272.57m @ 4.67g/t, for 40 holes assayed
• 10g/t for Gallium, which gave 1,004m @ 11.07g/t for 40 holes assayed

The company has concluded that the totally oxidised, weathered, shallow basin shaped Nxuu Deposit with Zn/Pb/Ag/V₂O₅/Ge/Ga mineralisation, is potentially a low risk, low-cost operation.

Test work results

Data source: company update 

During mid-April, the Company shared an update highlighting Indicated and Inferred Mineral Resource Estimates for the Nxuu and Kihabe polymetallic deposits. To know more, read here.

The ASX-listed shares of Mount Burgess were trading at AU$0.002 midday on 28 April 2023.