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Myanmar Metals revises Bawdwin resources to include 34 Mt of low-grade ore

Myanmar Metals Ltd. completed a revised resource estimate for its polymetallic Bawdwin property in Myanmar, to include 34 million tonnes of low-grade material within the block model that was not classified in the previous estimate completed in October.

As a result, inferred resources increased to 75.9 million tonnes grading 4.6% lead, 2.3% zinc, 0.25% copper and 119 g/t of silver, using cutoff grades of 0.5% lead above the 750-meter reduced level and 2% lead below the 750-meter reduced level.

The October estimate comprised 41.4 million tonnes grading 7.5% lead, 3.5% zinc, 0.33% copper and 178 g/t of silver, using a cutoff of 2.0% lead.

Myanmar Metals said Dec. 1 that an open pit optimization study, part of an ongoing scoping study, indicates that a reduced cutoff grade of 0.5% lead above the 750-meter reduced level is appropriate to reflect potential economic extraction, with remaining resources supporting the potential of an underground operation.

The company is planning further drilling in early 2018 ahead of an updated resource estimate anticipated in the second quarter, while the scoping study is expected to be released shortly.

Myanmar Metals is earning an 85% interest in Bawdwin under a May option agreement with Win Myint Mo Industries Co.