Mount Burgess Mining N.L. announced that it has received an updated 2012 JORC Code compliant Mineral Resource estimate for the Zn/Pb/Ag/V2O5 portion of its polymetallic Zn/Pb/Ag/V2O5/Ga/Ge/Cu Kihabe Deposit in Western Ngamiland, Botswana. The Mineral Resource estimate was compiled by an independent resource consultant. The Mineral Resource was estimated by applying a 0.5% low cut to a Zn equivalent grade calculated for Zn/Pb/Ag/V2O5, totaling 21 million tonnes at 2.04% Zn equivalent.

The total resource is made up of 11.7 million tonnes of Indicated Mineral Resource (55.9%) and 9.3 million tonnes of Inferred Mineral Resource (44.1%). In the Mineral Resource, it is estimated that 6.9 million tonnes (32.8%) occur within the oxide and transitional zones and 14.1 million tonnes (67.2%) occur within the sulphide zone. The Kihabe Deposit, situated within a Neo-Proterozoic belt, 7km West of the Nxuu Deposit, covers a strike length of 2.4km.

The Kihabe Deposit lies in the north-western region of Botswana at the southern margin of the Congo craton. A gossan anomaly, 12 km south of the Kihabe Deposit is centred on an exposed gossan within the project area. To the north of the project tenement are granitoids, ironstones, quartzites and mica schists of the Tsodilo Hills Group covered by extensive recent Cainozoic sediments of the Kalahari Group.

Below the extensive Kalahari sediments are siliciclastic sediments and igneous rocks of the Karoo Supergroup in fault bounded blocks. The Kihabe SEDEX style Zn/Pb/Ag/V2O5/Ga/Ge/Cu mineralisation occurs in quartz wacke situated on the contact of a steeply dipping barren dolomite unit. The deposit is variably weathered, with base metal mineralisation occurring as a series of steeply dipping to sub-vertical units in the hanging wall of the barren dolomite unit.

Sampling and Sub-Sampling Techniques RC chips were collected over 1m intervals, and two-stage riffle split to produce a sample for dispatch to the assay laboratory. The remainder of the sample was bagged and kept on site for access pending assay results; with washed chip samples for each metre also collected in chip trays for logging and later reference. Diamond core drilling was conducted from surface using HQ and PQ core diameter with sampling at 1m intervals or to geological contacts for mineralisation.

The majority of core was split in half by core saw for external laboratory preparation and analysis.