Sponsored

Mount Burgess paces Nxuu drilling programme in September Quarter

Highlights

  • Mount Burgess Mining reported significant progress of the drilling programme at its Nxuu Deposit in Western Ngamiland, Botswana. 
  • The Nxuu Deposit is a shallow basin-shaped polymetallic deposit hosting mineralisation of Zinc (Zn), Lead (Pb), Silver (Ag), Vanadium (V) and Germanium (Ge). 
  • The Company is current eyeing to generate a 2012 JORC Code compliant Nxuu resource estimate, which would underpin Prefeasibility Study.

ASX-listed explorer Mount Burgess Mining NL (ASX:MTB) has announced the September 2021 quarterly report, highlighting exciting exploration progress at its Nxuu Deposit in Western Ngamiland, Botswana. 

The Nxuu Deposit is a shallow basin-shaped polymetallic deposit hosting mineralisation of Zinc (Zn), Lead (Pb), Silver (Ag), Vanadium (V) and Germanium (Ge) within a totally oxidised quartz wacke, situated in a barren dolostone basin.  

ALSO READ: Mount Burgess shares soar ~17% as drilling crew begins mobilisation

In August this year, the Company’s wholly owned subsidiary, Mount Burgess (Botswana) Pty Ltd, engaged a drilling contractor to conduct a drilling programme on the current Prospecting Licence PL 43/2016 of Nxuu Deposit. 

ALSO READ: Mount Burgess points to a bright future at African Mining Summit

Drilling plans at Nxuu Deposit

The drilling conducted so far has indicated that typically 54% of the 28 drill hole lengths consist of mineralisation above the cut-off grade. Meanwhile, 17.5% is Kalahari sand cover, and 28.5% is low grade or barren quartz wacke. 

Notably, 22 holes from the 28 holes drilled have been assayed for Vanadium, with results released to the market. The planned drilling has been divided into a NE Zone, a NW Zone and a SW Zone. 

Drilling Programme, Nxuu Deposit

Source: Copyright © 2021 Kalkine Media, Data Source: MTB ASX update, dated 25 October 2021

Resource Upgrade to lead into Prefeasibility Study

The current 2004 JORC Code compliant Nxuu resource estimate, only includes grade estimates for Zn/Pb/Ag and does not fully represent the known mineral endowment of the Nxuu Deposit. For instance, subsequent drilling conducted in 2018 also included assays for V and Ge, with both the mineralisation showing likeliness to represent significant credits for the Nxuu Deposit. 

ALSO READ: Which characteristics of Kihabe & Nxuu is Mount Burgess leveraging upon?

Mount Burgess Mining conducted a detailed assessment of geochemical soil sampling and data from 28 holes drilled to date, enabling the Company to estimate depths to the base of mineralisation and identify the overall mineralised domain of the Nxuu Deposit. 

Drilling at the Nxuee Deposit commenced in mid-October 2021. After concluding the current drilling programme, the Company expects to estimate an Indicated/Measured resource compliant with the 2012 JORC Code. Subsequently, confirmatory metallurgical test work would be undertaken, leading to a Pre-feasibility study.

RELATED ARTICLE: Mount Burgess shares soar 17% on drilling commencement at Nxuu Deposit

Mineralogical and Metallurgical Test Work conducted

The Company has also undertaken mineralogical and metallurgical test work, which have confirmed the presence and recovery of zinc and vanadium. 

Mineralogy, Metallurgical testing, Zinc, Vanadium

Source: Copyright © 2021 Kalkine Media, Data Source: MTB ASX update, dated 25 October 2021

The Company intends to use both HQ and PQ core to determine operating characteristics of the minerals involved to progress the process route to a Pre-feasibility study. It includes: 

  • Mineralogy for assessing the economic liberation of mineral assemblage throughout the process
  • Confirming previous test work and refinement of the on-site operational process requirements

ALSO READ: Mount Burgess aims to cash in on germanium’s presence at Kihabe-Nxuu Project

Mount Burgess also reported that with Germanium currently trading at US$2,112/kg, it plans on identifying the host mineral followed by metallurgical test work to determine the mineralisation recoverability on site. As part of its plan, 12 kilograms of drill core from the Kihabe Deposit oxide zone containing Germanium with grades ranging from 7g/t to 11g/t have arrived in Australia. The drill core would be subjected to mineralogical testworks.  

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK