Company Overview and News
Mount Burgess Mining NL (ASX:MTB) has commissioned an exploration drilling program across the Kihabe Zinc Project in Botswana near the Namibian Border. The 1200 metres drilling program will focus on additional zinc anomalies within the vicinity of the Kihabe and Nxuu zinc/lead deposits. The Kihabe and Nxuu deposits have a combined resource of 25 million tonnes grading 3% zinc equivalent. The new program will primarily focus on Target 52, a geochemical soil anomaly identified 2 kilometres southeast of the Nxuu deposit.
Mount Burgess Mining (ASX:MTB) has been granted a trading halt by the ASX. The company requested the halt pending an update on its subsidiary Mount Burgess (Botswana) (Proprietary) Ltd (MBB), being granted a new exploration licence over the Kihabe Zinc, Lead, silver project in Western Ngamiland. The halt will remain in place until the opening of trade on Friday 29th January 2016, or earlier if an announcement is made to the market.
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