- Mount Burgess Mining has updated on other minerals associated with the southwest (SW) and northeast (NE) silver domains at the Kihabe Deposit.
- The Kihabe deposit hosts zinc, lead, silver, vanadium, copper, and germanium mineralisation.
- The increasing usage of solar panels has boosted the industrial demand for silver.
Australian explorer Mount Burgess Mining NL (ASX: MTB) is actively progressing developments across its project portfolio. At the same time, the Company is keenly eyeing to further increase resource inventory at its polymetallic Kihabe deposit in Botswana. The deposit boasts zinc (Zn), lead (Pb), silver (Ag), vanadium (V), copper (Cu), and germanium (Ge) mineralisation.
In line with its current focus, the Company has updated on other minerals associated with the two silver domains in the deposit that have the potential to boost the project value.
The Company has completed the compilation of data, specifically with reference to mineralisation associated with silver in the southwest (SW) domain. It intends to release data relative to the northeast (NE) silver domain following its compilation.
Source: MTB update, 10 June 2021
Notably, the exploration and development initiatives at the silver domains of the Kihabe deposit correspond well with the surging industrial demand for silver used in solar panels as power sources become more reliant on green technology.
As a result, there has been an increase in the silver price from US$16.75/oz since March 2020 to its current level of US$27.87/oz.
Associated mineralisation in silver domains at Kihabe Deposit
The Company earlier reported associated mineralisation within the two silver domains (not explicitly related to the two silver domains) in reference to:
- Zinc, silver and lead intersections shown separately, as well as shown as a zinc equivalent grade
- Vanadium and vanadium pentoxide mineralisation
- Copper mineralisation
As per the latest update, the data compiled relative to mineralisation associated with silver in the SW domain is as shown in the figure below:
MTB update, 10 June 2021
Significantly, 14 drill hole sections were assayed for the average grades of Ag, Zn, Pb, Cu and V2Os mineralisation, with only seven holes assayed for germanium. Also, not all holes were assayed for vanadium.
All assaying of future drilling will include vanadium and germanium.
Casting an eye on silver domains at the Kihabe Deposit
A southwest (SW) silver domain and a northeast (NE) silver domain are present within an overall 2.4-kilometre strike length of the Kihabe Deposit.
The SW domain, which extends from grid coordinates 9,850E to 10,400E, covers a strike length of 550 metres. The NE domain, extending from the local grid coordinates 11,500E to 12,000E, stretches over 500 metres of strike length.
MTB shares traded at A$0.008 on 10 June 2021.