Report for the Quarter ended 31 March 2022

Highlights of work conducted during the Quarter:

  • Nxuu polymetallic Zn/Pb/Ag/V2O5/Ga/Ge Deposit. Samples from diamond core drilling conducted in Oct/Nov/Dec 2021, were submitted for assaying during the quarter. Results from seven drill holes received to date have been incorporated to update the Nxuu Deposit assay data base.

  • Kihabe polymetallic Zn/Pb/Cu/Ag/V2O5/Ga/Ge Deposit. With the recent increase in the Gallium price a review was conducted on all Gallium assays received to date from the Kihabe Deposit. Only samples from drilling conducted in 2017, were assayed to include Gallium.

  • Mineralogical test work conducted by University of Tasmania. Samples from the Kihabe Deposit were sent to the University of Tasmania to conduct mineralogical test work to confirm the host minerals for Gallium and Germanium

  • A MOU for a potential power supply for the project was signed with Botala Energy Limited.

NXUU DEPOSIT ASSAY RESULTS

Assay results from seven Nxuu Deposit diamond core holes received during the quarter have been incorporated into the Nxuu Deposit assay data base.

The incorporation of assay results from these seven diamond core holes now enables data to be assembled for results from thirty diamond core holes. Details of the seven holes, announced to the market in April, are shown in bold in the various tables and in red on the attached drill hole map Figure 1. The combined 30 drill hole results show the following.

Weighted Average Grade

  • 607.45m of Ga intersections give a weighted average grade of 10.8g/t, applying an 8g/t low cut (Table 2)

  • 403.10m of Zn mineralisation give a weighted average grade of 2.0%, applying a 1% low cut (Table 3)

  • 230.95m of Pb mineralisation give a weighted average grade of 1.5%, applying a 1% low cut (Table 4)

  • 124.10m of Ag mineralisation give a weighted average grade of 22.1g/t, applying a 10g/t low cut (Table 5)

  • 275.83m of V2O5 mineralisation give a weighted average grade of 1,224ppm (1.2kg/t) applying a 250g/t low cut (Table 6)

  • 135.28m of Ge mineralisation give a weighted average grade of 5.6g/t, applying a 4g/t low cut (Table 7)

The assay results from the seven drill holes support and or improve the tenor and extent of the assay results of previous resource drilling campaigns.

Average Depth to Base of Mineralisation

Mineralisation in the Nxuu Deposit occurs in a quartz wacke situated within a shallow barren dolostone basin.

The 30 drill holes overall contain 195.06m of Kalahari sand cover and 1,024,24m of mineralised quartz wacke, totaling 1,219.30m (Table 1).

On average, the depth to base of mineralisation of the 30 drill holes is only 40.64m.

Average Percentage of Lengths of Mineralisation

The 26 holes assayed for Gallium contain 607.45m of mineralisation in 1,036.20m, to the base of mineralisation (Table 1).

On average 58.62% of the 26 hole lengths contain Gallium mineralisation.

The 30 holes assayed for Zn/Pb/Ag/V2O5/Ge contain 403.10m of Zn mineralisation (Table 1) + 210.16m of Pb/Ag/V2O5/Ge mineralisation which extend beyond the Zn mineralisation. This totals 613.26m of mineralisation in 1,219.30m to the base of mineralisation.

On average 50.30% of the 30 hole lengths contain Zn/Pb/Ag/V2O5/Ge mineralisation.

Assay results from a further ten diamond core holes are pending

TABLE 1 NXUU DEPOSIT DIAMOND CORE HOLES CONTAINING COMBINED Ga/Zn/Pb/Ag/V2O5/Ge

MINERALISATION WITHIN QUARTZ WACKE

Drill Hole

DBM (m)

KSC (m)

Q/W (m)

Ga (m)

Zn (m)

Pb (m)

Ag (m)

V2O5 (m)

Ge (m)

Sec-tion No

NXDD003

44.00

2.40

41.60

Not assayed

14.00

4.00

4.00

6.00

Not assayed

11A

NXDD048

64.00

4.00

60.00

54.00

3.00

3.00

3.00

11

NXDD036

49.64

6.00

43.64

33.64

5.00

6.00

4.10

3.00

13

NXDD092

49.73

6.30

43.43

21.73

8.73

13.00

11.00

3.73

14.00

13

NXDD037

40.00

3.00

37.00

34.00

6.00

2.00

7.00

9.00

8.00

13

NXDD047

53.00

3.00

50.00

21.00

2.00

2.00

3.00

14

NXDD002

59.00

17.95

41.05

Not assayed

11.00

8.00

5.00

Not assayed

15

NXDD074

50.90

6.00

44.90

17.90

30.09

28.90

11.00

5.00

6.00

15

NXDD030

40.58

3.00

37.58

32.58

10.00

17.00

10.00

25.88

21.00

15

NXDD095

28.08

5.76

22.32

11.08

15.08

3.00

3.00

15.08

15

NXDD043

19.41

5.15

14.26

8.41

1.00

2.00

2.00

4.00

5.00

15

NXDD078

54.00

7.34

46.66

17.00

6.00

3.00

5.00

16

NXDD039

51.62

12.00

39.62

39.62

19.62

10.00

9.62

4.62

16

NXDD097

46.54

6.42

40.12

27.54

30.54

12.54

11.00

8.54

5.00

16

NXDD096

33.93

4.21

29.72

14.00

13.93

4.00

5.00

24.89

4.00

16

NXDD033

53.62

15.00

38.62

37.00

2.00

1.00

1.00

6.62

2.00

17

NXDD034

45.00

2.15

42.85

17.00

17.00

5.00

5.00

21.49

5.00

17

NXDD075A

28.95

5.43

23.52

12.95

8.00

5.00

3.00

14.57

2.00

17

NXDD041

9.70

3.20

6.50

5.80

6.50

2.80

17

NXDD032

50.00

9.00

41.00

41.00

30.84

16.70

2.00

21.00

7.00

18

NXDD005

47.10

6.40

40.70

Not assayed

33.00

24.87

13.00

11.62

Not assayed

19

NXDD040

38.35

5.15

33.20

13.00

9.86

6.80

6.47

7.86

19

NXDD042

10.76

8.95

1.81

1.81

1.81

19

NXDD031

47.70

18.00

29.70

29.70

24.00

6.20

5.00

1.00

3.00

20

NXDD044

41.87

5.00

36.87

24.87

31.00

10.00

16.87

11.00

20

NXDD053

28.50

5.00

23.50

14.50

6.00

20

NXDD045

41.36

5.00

36.36

36.36

26.00

8.36

4.00

9.21

21

NXDD007

33.00

27.30

27.30

Not assayed

11.00

13.00

4.00

11.76

Not assayed

21

NXDD029

39.58

3.55

36.03

27.58

31.03

16.58

13.00

4.08

24.00

22

NXDD046

19.38

5.00

14.38

13.38

3.38

1.00

1.00

12.09

22

TOTAL (30

HOLES)

1,219.30

195.06

1,024.24

607.45

403.10

230.95

124.10

275.83

135.28

DBM = Depth to Base of Mineralisation

KSC = Kalahari Sand Cover

Q/W = Quartz Wacke

TABLE 2 - NXUU DEPOSIT GALLIUM ASSAY RESULTS

Hole ID

Coordinates

DIP

AZ

EOH/RL

INTERVAL

Grade

g/t

From

To

Width

Easting

Northing

Deg

Deg

(m)

(m)

(m)

(m)

g/t

NXDD003

508,650

7,821,700

-90

0

56.05/1158

Not assayed

Not assayed

Nil

Nil

Nil

NXDD048

508,650

7,821,650

-90

0

68.75/1133

10.00

64.00

54.00

11.3

610.20

NXDD036

508,750

7,821,750

-90

0

50.95/1133

16.00

49.64

33.64

11.2

376.77

NXDD092

508,725

7,821,724

-90

0

52.04/1132

27.00

39.00

12.00

10.2

122.40

40.00

49.73

9.73

14.4

140.11

NXDD037

508,700

7,821,750

-90

0

41.95/1133

6.00

40.00

34.00

12.2

414.80

NXDD047

508,850

7,821,650

-90

0

56.20/1160

29.00

50.00

21.00

10.8

226.80

NXDD002

508,850

7,821,690

-90

0

64.55/1160

Not assayed

Not assayed

Nil

Nil

Nil

NXDD074

508,824

7,821,728

-90

0

52.03/1132

26.00

35.00

9.00

12.7

114.30

42.00

50.90

8.90

12.0

106.80

NXDD030

508,800

7,821,750

-90

0

41.95/1132

8.00

40.58

32.58

7.4

241.09

NXDD095

508,775

7,821,775

-90

0

31.04/1132

11.00

14.00

3.00

10.0

30.00

18.00

21.00

3.00

10.0

30.00

23.00

28.08

5.08

12.6

64.01

NXDD043

508,750

7,821,800

-90

0

20.95/1132

11.00

19.41

8.41

10.5

88.31

NXDD078

508,867

7,821,725

-90

0

57.88/1132

17.00

22.00

5.00

10.5

52.50

29.00

35.00

6.00

11.0

66.00

49.00

54.00

6.00

10.5

63.00

NXDD039

508,850

7,821,750

-90

0

53.95/1132

12.00

51.62

39.62

10,3

408.09

NXDD097

508,827

7,821,744

-90

0

49.03/1132

15.00

20.00

5.00

9.8

49.00

24.00

46.54

22.54

13.0

293.02

NXDD096

508,800

7,821,800

-90

0

36.93/1132

11.00

25.00

14.00

11.6

162.40

NXDD033

508,900

7,821,750

-90

0

56.95/1132

15.00

52.00

37.00

10.3

381.10

NXDD034

508,850

7,821,800

-90

0

49.62/1132

28.00

45.00

17.00

12.5

212.50

NXDD075A

508,823

7,821,826

-90

0

30.94/1132

8.00

11.00

3.00

10.0

30.00

14.00

20.00

6.00

9.0

54.00

25.00

28.95

3.95

12.9

50.95

NXDD041

508,800

7,821,850

-90

0

11.95/1133

3.20

9.00

5.80

6.9

40.02

NXDD032

508,900

7,821,800

-90

0

50.95/1132

9.00

50.00

41.00

11.1

455.10

NXDD005

508,926

7,821,829

-90

0

47.70/1157

Not assayed

Not assayed

Nil

Nil

Nil

NXDD040

508,900

7,821,850

-90

0

38.35/1131

23.00

31.00

8.00

10.1

80.81

33.00

38.00

5.00

9.3

46.50

NXDD042

508,850

7,821,900

-90

0

14.95/1133

8.95

10.76

1.81

10.7

19.37

NXDD031

508,980

7,821,820

-90

0

49.00/1131

18.00

47.70

29.70

12.4

368.28

NXDD044

508,950

7,821,850

-90

0

44.95/1131

6.00

10.00

4.00

8.5

34.00

15.00

28.00

13.00

9.2

119.60

34.00

41.87

7.87

10.7

84.21

NXDD053

509,900

7,821,900

-90

0

30.00/1133

14.00

28.50

14.50

9.3

134.85

NXDD045

508,975

7,821,875

-90

0

43.85/1132

5.00

41.36

36.36

11.0

399.96

NXDD007

508,950

7,821,900

-90

0

34.85/1156

Not assayed

Not assayed

Nil

Nil

Nil

NXDD029

509,000

7,821,900

-90

0

41.95/1131

12.00

39.58

27.58

10.6

292.35

NXDD046

508,950

7,821,950

-90

0

20.95/1131

6.00

19.38

13.38

8.6

115.07

TOTAL

607.45

6,576.70

Weighted Average Grade

10.8g/t

TABLE 3 NXUU DEPOSIT ZINC ASSAY RESULTS

Hole ID

Coordinates

DIP

AZ

EOH/RL

INTERVAL

Grade

%

From

To

Width

Easting

Northing

Deg

Deg

(m)

(m)

(m)

(m)

%

NXDD003

508,650

7,821,700

-90

0

56.05/1158

24.00

28.00

4.00

2.00

8.00

34.00

44.00

10.00

2.74

27.40

NXDD048

508,650

7,821,650

-90

0

68.75/1133

60.00

63.00

3.00

1.40

4.20

NXDD036

508,750

7,821,750

-90

0

50.95/1133

39.00

44.00

5.00

1.50

7.50

NXDD092

508,725

7,821,724

-90

0

52.04/1132

33.00

41.00

8.00

3.00

24.0

49.00

49.73

0.73

1.40

1.02

NXDD037

508,700

7,821,750

-90

0

41.95/1133

14,00

15,00

1.00

1.00

1.00

18.00

19.00

1.00

1.00

1.00

26.00

29.00

3.00

1.70

5.10

31.00

32.00

1.00

1.90

1.90

NXDD047

508,850

7,821,650

-90

0

56.20/1160

50.00

52.00

2.00

1.50

3.00

NXDD002

508,850

7,821,690

-90

0

64.55/1160

42.00

48.00

6.00

2.90

17.40

54.00

59.00

5.00

3.20

16.00

NXDD074

508,824

7,821,728

-90

0

52.03/1132

20.00

50.09

30.09

2.30

69.21

NXDD030

508,800

7,821,750

-90

0

41.95/1132

24.00

26.00

2.00

2.00

4.00

29.00

32.00

3.00

2.80

8.40

34.00

39.00

5.00

2.20

11.00

NXDD095

508,775

7,821,775

-90

0

31.04/1132

11.00

22.00

11.00

0.80

8.80

24.00

28.08

4.08

0.90

3.67

NXDD043

508,750

7,821,800

-90

0

20.95/1132

17.00

18.00

1.00

1.80

1.80

NXDD078

508,867

7,821,725

-90

0

57.88/1132

47.00

53.00

6.00

2.10

12.60

NXDD039

508,850

7,821,750

-90

0

53.95/1132

28.00

32.00

4.00

1.50

6.00

34.00

35.00

1.00

1.00

1.00

37.00

51.62

14.62

2.40

35.09

NXDD097

508,827

7,821,744

-90

0

49.03/1132

16.00

46.54

30.54

1.90

58.03

NXDD096

508,800

7,821,800

-90

0

36.93/1132

14.00

16.00

2.00

0.90

1.80

22.00

33.93

11.93

1.90

22.67

NXDD033

508,900

7,821,750

-90

0

56.95/1132

48.00

50.00

2.00

1.40

2.80

NXDD034

508,850

7,821,800

-90

0

49.62/1132

16.00

18.00

2.00

1.60

3.20

24.00

39.00

15.00

1.60

24.00

NXDD075A

508,823

7,821,826

-90

0

30.94/1132

17.00

25.00

8.00

1.50

12.00

NXDD041

508,800

7,821,850

-90

0

11.95/1133

Nil

Nil

Nil

Nil

Nil

NXDD032

508,900

7,821,800

-90

0

50.95/1132

15.00

18.00

3.00

1.20

3.60

20.00

24.00

4.00

2.00

8.00

25.00

48.84

23.84

1.90

45.30

NXDD005

508,926

7,821,829

-90

0

47.70/1157

10.00

43.00

33.00

2.50

82.50

NXDD040

508,900

7,821,850

-90

0

38.35/1131

21.14

31.00

9.86

2.00

19.72

NXDD042

508,850

7,821,900

-90

0

14.95/1133

Nil

Nil

Nil

Nil

Nil

NXDD031

508,980

7,821,820

-90

0

49.00/1131

20.00

22.00

2.00

1.30

2.60

24.00

46.00

22.00

1.70

37.40

NXDD044

508,950

7,821,850

-90

0

44.95/1131

10.00

41.00

31.00

1.60

49.60

NXDD053

509,900

7,821,900

-90

0

30.00/1133

Nil

Nil

Nil

Nil

Nil

NXDD045

508,975

7,821,875

-90

0

43.85/1132

10.00

36.00

26.00

1.90

49.40

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Mount Burgess Mining NL published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 06:31:01 UTC.