I thought I'd just highlight the copper/cobalt potential at Bawdwin. We don't talk about it a lot, possibly because the lead/zinc/silver open pit will be first cab of the rank, but the potential is very good and there is the possibility that deeper drilling will lift MYL a lot further.
ASX Release July 17 2018:
Highlights
Assessment of multi-element assays from 2017-2018 drillingidentifies wide intervals of copper-cobalt mineralisation.
BWDD004 intersected
27m @ 0.16% Co, 0.84% Cu and 1.74% Pb.
BWDD005 intersected
15m @ 0.15% Co, 2.78% Cu and 86g/t Ag aswell as 21m @ 0.14% Co, 1% Cu, 95g/t Ag and 4.8% Pb.
2017 drilled hole CHDD001 assayed
22m @ 0.16% Co, 122g/t Ag and5.95% Pb.
CHDD001 also assayed
5.5m @ 0.9% Co, 3.25% Cu, 116g/t Ag, and
1.03% Ni, including a bonanza 1m @ 1.47% Co, 13.4% Cu, 452g/t Agand 4.4% Ni. New drilling program currently being prepared will target parts of theShan and Meingtha Lodes, which are as yet largely un-drilled andcontain the historically identified copper-cobalt-nickel rich areas.
An assessment of the controls and distribution of the copper-cobaltnickelmineralisation is underway and the new drilling will help torefine this model.
Although the substantial lead-silver-zinc resources are dominant atBawdwin, the copper-cobalt-nickel mineralisation adds significantupside to the future mining operation.
ASX Release November 9 2019:
▪ BWRC033 intersected 2m @ 5.5% Cu, 286g/t Ag, 2.7% Ni and 0.5% Coas well as a 28m wide zone of 2.9% Pb
ASX Release 19-11-2018:
- BWRC029 intersected 21m at 4.8% Pb and 2.7% Zn from 12m,including 8m at 10.8% Pb, 4% Zn and 100g/t Ag as well as 2m @2.3% Cu and 2,677ppm Co
ASX Release November 29 2018:
Significant assay results from the faulted zone include:
- BWRC045 intersected 45m at 6.7% Pb, 5.6% Zn and 133 g/t Ag.
- BWRC041 intersected 16m at 5.0% Pb, 1.2% Zn, 113g/t Ag and1,459ppm Cofrom 144m,including 3m at 18.6% Pb, 4.4% Zn and465g/t Ag, 1.4% Cu, 6,847ppm Co and 1.6% Ni
- BWRC038 intersected 25m at 4.3% Pb, 3.6% Zn and 113g/t Ag.
ASX Release December 18 2018:
DISCOVERY OF NEW HIGH-GRADEYEGON RIDGE LODE
Highlights▪ Drilling on Yegon Ridge has validated geophysical data by discoveringa new mineralisation system at Bawdwin, the Yegon Ridge Lode.
▪ Discovery hole BWDD018 intersected high-grade mineralisationbeneath Yegon Ridge, located on the opposite side of the Bawdwinvalley from the three currently known deposits, including 16m at7.0% Pb, 1.5% Zn, 145g/t Ag, 0.9% Cu from 170m
▪ Chargeability data from geophysical survey shows the discovery holeBWDD018 intersected the edge of a relatively weak chargeable zone,with stronger anomalies defined 200m north and 100m south of thehole. Step-out drill testing of the southern Yegon Ridge IP anomalyis in progress▪
Drilling in the Meingtha Gap area continues to return high gradeszones not recognised in the current resource model. Significant assayresults include:
- BWDD010: 21m at 7.9% Pb, 3.4% Zn, 120g/t Ag from 124m and9m at 14.38% Pb, 16.73% Zn and 344g/t Ag from 146m
- BWRC048: 31m at 4.2% Pb, 52g/t Ag from 62m; 5m at 1% Pb,1.5% Zn, 3.3% Cu, 0.3% Co and 0.4% Ni from 164m and 6m at3.4% Pb, 3.6% Zn, 78g/t Ag from 183m
▪ Geotechnical hole, BWDD011 drilled in the Shan Lode, intersected:- 25m at 8.8% Pb, 1.5% Zn and 159g/t Ag from 64m
From the above it is apparent that Copper, Cobalt and Nickel are all showing up at depth and often with good grade and intervals. Keeping in mind that Cobalt, Copper and Nickel are all worth substantially more than lead or zinc these numbers are going to add value with ease.
Once MYL get down to depth, and with the benefit of analysing the factors influencing the mineralising events, I expect to see a lot more of these 3 elements.
Have a great weekend.
