Mount Burgess Mining elevated base metal and iron results from Tsumkwe in Namibia

Mount Burgess Mining (ASX: MTB) is encouraged by independent lab results on the first of sixteen open-hole percussion drill holes at the Tsumkwe base metals project, located in Namibia.

The results identified elevated levels of base metals and iron, after the drillhole entered an iron mineralised body with auxiliary base metal sulphides.

The significance is that the body has the potential to be a feeder system to the postulated base metal mineralisation located to the southwest that is associated with an extensive copper (up to 160 ppm) and cobalt (up to 690 ppm) soil geochemical anomaly.

Mount Burgess said that this pipe interpretation remains to be confirmed by geophysics, but if correct, then has the potential to considerably enhance the prospectivity of the south-west target.

The company added that recent drilling confirmed the high iron content of the mineralised structure, with the material strongly magnetic - and from the iron and sulphur analyses, a major constituent is interpreted to be magnetite.

Mount Burgess now intends to undertake Davis Tube Tests on available percussion samples to determine the iron recovery and the composition of the concentrate, which will help in ascertaining if the material is marketable.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/19100/mount-burgess-mining-elevated-base-metal-and-iron-results-from-tsumkwe-in-namibia-19100.html