With the completion of some thirteen thousand metres of RC drilling along the Kihabe mineralised zone, two and a half
kilometres long, the Company engaged Ravensgate, a firm of independent consultants, to produce an initial resource
statement. In April this year, the Company announced an initial resource of 11 million tonnes of 2.55% zinc equivalent.
At today’s metal values, the contributions to this resource are in the order of 70% zinc, 25% lead and 5% silver and in
excess of 95% of the current, initial, resource is in the indicated category.
It should be noted that the Kihabe resource has been generated from only one of a number of geochemical anomalies
that occur both in Botswana and Namibia along this Proterozoic belt. Significant potential exists to develop further
resources on both sides of the border. This potential will be tested with ongoing drilling programmes. Of particular note
is an area ten kilometres south of Kihabe where the Company has discovered an in-situ gossan that has returned assay
values of 21.95%, zinc 7.63% lead and 6.6 oz/t of silver.
The Company’s Telfer project in Western Australia is currently under review by parties with the potential to forming a
joint venture.
- Forums
- ASX - By Stock
- MTB
- significant extensions confirmed at kihabe zin
significant extensions confirmed at kihabe zin, page-7
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MTB (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.298M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 49021686 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 22655779 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 49021686 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 22355779 | 11 |
0.003 | 9424034 | 11 |
0.004 | 7597931 | 13 |
0.005 | 7235581 | 6 |
0.006 | 2250000 | 5 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
Featured News
MTB (ASX) Chart |
Day chart unavailable