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Summary
- Mount Burgess further consolidated Nxuu deposit drill hole data to show more clearly the continuity of mineralised domain of the deposit as known from holes drilled to date.
- A Paper on Mineralogy and Genesis of Kihabe Zn-Pb-V Deposit conducted by Naples University was published in the MDPI Minerals Journal.
- Mount Burgess has profound history in mineral exploration, currently dedicated to developing the Kihabe and Nxuu Zinc/ Lead/ Silver/ Germanium and Vanadium deposits in Botswana.
- Mount Burgess has developed indicated and inferred resources at the Kihabe and Nxuu deposits on PL 43/2016 in Western Ngamiland, Botswana that covers the portion of a Neo-Proterozoic belt of metasedimentary rocks.
- On completion of a further 2,500m of drilling, MTB will be able to quote Nxuu resource compliant with the 2012 JORC Code.
The stock of mineral explorer Mount Burgess Mining NL (ASX:MTB) marked an impressive uptick on 18 August 2020 on the ASX. MTB was up 11x (whopping 1000%) by the close of trading day, touching fresh 52-week high at $ 0.022.
Investors seemed to have built positive sentiment towards the Company, following its latest news on further consolidation of Nxuu Deposit drill hole data for better representation. Besides, a Paper on Mineralogy and Genesis of Kihabe Zn-Pb-V Deposit conducted by Naples University was published in MDPI Minerals Journal.
Mount Burgess Mining’s current focus is the Kihabe-Nxuu Zn/Pb/Ag/Ge/V Project in Botswana. It has developed resources in both the Kihabe and Nxuu Deposits on PL 43/2016 in Western Ngamiland Botswana. However, the Company plans to develop the Nxuu Deposit first as it is seen as a potentially shallow, low risk and low-cost operation.
For more insight on Nxuu Deposit, READ HERE: Mount Burgess’ Nxuu Deposit Progress & Pipeline; Botswana Govt Eases COVID-19 Restrictions
Nxuu Deposit Drill Data Consolidation
On 6 August 2020, MTB acknowledged receiving a request to show more clearly the known mineralised domain and continuity of mineralisation, after its June Quarterly work reflected holes that had been drilled into the polymetallic Nxuu Deposit North, together with proposed drill holes. Subsequently, five areas were reduced to two areas showing only the holes drilled to date.
RELATED READ: Mount Burgess Consolidates Nxuu Drill Hole Data To Show Mineralised Domain & Mineralisation Continuity
Further to this update, as advised on 18 August 2020, the Company has spent more time in refining the presentation of data for holes drilled into Nxuu to date. The drill hole map for Nxuu Deposit North now highlights a ‘South West Area’ and a ‘Remaining Area’.
Now, Nxuu Deposit North, South West Area shows just the mineralised domains of NXDD037, NXRC027, NXDD003 and NXDD036. Nxuu Deposit North Remaining Area Drill Hole Map shows the mineralised domains of the other 20 holes drilled into the Nxuu Deposit. For the sake of continuity, NXRC036 is shown in both.
The Company opines that this representation shows more clearly the continuity of the mineralised domain of the Nxuu Deposit as known from holes drilled to date.
To know about Nxuu deposit and its developments, READ HERE: Mount Burgess: Nxuu Deposit Advances, Test Works in Pipeline Amid COVID Crisis
Paper on Kihabe Zn-Pb-V Deposit Published
Samples from holes drilled into the Kihabe Deposit were sent by Mount Burgess to Naples University for an investigative work to be conducted.
In a significant achievement announced on 18 August 2020, the Company received a copy of a publication, published in the journal Minerals (on 31 July 2020). This publication comprised of work related to the mineralogy and genesis of the Kihabe Deposit. These works were performed by Maria Boni, Dr Mondillo, Giuseppina Balassone, Francesco Putzolu and Licia Santoro of Naples University.
It should be noted that the Kihabe prospect comprises Zn-Pb resources of 14.4 million tonnes at 2.84 % zinc equivalent, Ag resources of 3.3 million ounces, and notable V-Ge amounts, still not evaluated at a resource level.
RELATED READ: Mount Burgess Progressing Well to be a Vanadium developer, Nxuu Deposit Demonstrates Optimistic Results
Way Forward
MTB opines that the old 2004 JORC resource estimates do not reflect the actual mineralisation encountered at Nxuu. On completion of a further 2,500m of drilling, it will be able to quote a resource compliant with the 2012 JORC Code. Subject to funding and practical ability to access the project site along with COVID-19 restrictions, the Company plans to drill the proposed vertical drill holes.
Besides, Nxuu Deposit samples containing Germanium (Ge) have been sent to the University of Naples for test work to ascertain the nature and structure of the host mineral. Post lockdown, the University may commence this test work.
Further Ge samples have been sent to mineralogist Roger Townend. These samples have now been sent to CSIRO for mineralogical test work to identify the host oxide mineral of Ge.
Besides, MTB’s test works also remain in pipeline-
- EDS South Africa plans to conduct bulk test work through its Vertical Milling process on Nxuu Deposit ore and believes that the process will work effectively on the Nxuu Deposit ore as it is deeply oxidised and soft.
- STEINERT may conduct bulk test work through its Sensor Sorter X ray process once air freight services are available and core can be collected from site for export to Australia.
Both test works, if successful, could result in a significant reduction in power requirements and costs, according to Mount Burgess.
