Mount Burgess Mining N.L. announced The Nxuu Deposit is a shallow basin shaped deposit where mineralisation occurs in a totally oxidised quartz wacke situated within a barren dolostone basin. The Company has now received assays from the first 7 of 17 holes drilled into the Nxuu Deposit in Oct/Nov/Dec 2021. Zinc (Zn), Lead (Pb), Silver (Ag), Gallium (Ga), Germanium (Ge) Vanadium (V).

Previous mineralogical test work confirmed that the host mineral for Vanadium is the oxide mineral Descloizite. In Descloizite the grade of Vanadium Pentoxide (V2O5) is 1.785 times the grade of Vanadium. As V2O5 is a marketable product, the Company has shown the V2O5 grades alongside the V grades.

For the purpose of understanding how the results of these 7 drill holes are associated with results of holes already drilled, the Company is assembling further data. Once assembled the Company will release a further announcement showing the above drill hole details on the relevant cross sections as well as on the drill hole map. Metallurgical test work conducted to date has shown that: 93% Zn can be recovered on site from the oxide mineral Smithsonite, through solvent extraction and electro-winning (SX/EW).

81% of V2O5 can be recovered on site from the oxide mineral Descloizite, through gravity separation, followed by flotation using a hydroximate acid reagent for recovery to a concentrate. Both Ga and Ge are primarily hosted in muscovite (mica). Mica in the form of flakes can be recovered by flotation to produce a mica rich concentrate, enabling the recovery of Ga and Ge on site.

This will however require confirmatory metallurgical test work.