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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | A4 Dome | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 3/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-3-2019: MOD Resources Ltd. announces an Exploration/Drilling Update report for its A4 Dome deposit at the T3 project. Drilling results incl. 31.5m @ 2.0% Cu, 36g/t Ag from 85.6m. MOD Resources Limited (the ‘Company’ or ‘MOD’) (ASX/LSE: MOD), the copper | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bradley Ackroyd (Internal) | |
| ABSTRACT: | MOD Resources Limited (the ‘Company’ or ‘MOD’) (ASX/LSE: MOD), the copper exploration and development company focused on the central Kalahari Copper Belt in Botswana, is pleased to announce very encouraging results from its resource infill drilling program, within the planned open pit area of the T3 Copper Project. MOD’s Managing Director, Julian Hanna, said: “The initial results published today from the T3 infill drilling program are very strong. They continue to support and validate the accuracy of the resource model while also identifying significant new copper intercepts within the early stages of the planned open pit.” “Notably, an intersection within hole MO-G-188D of 31.5m at 2.0% copper from 85.6m downhole including 10m at 4.7% copper from 105m downhole and MO-G-192D intersecting 33m at 2.0% copper including 16m at 3.3% copper from 99m, demonstrates the high-grade nature of the veins within the T3 open pit.” “These wide, high-grade intersections are increasing our confidence in the quality and continuity of the resource. In addition they provide encouragement of the potential to increase the current open pit resource.” In January 2019, the Company commenced a planned 60-hole resource infill drill program within the boundaries of the first two stages of the proposed T3 Copper Project open pit, with the objective of upgrading early production into the higher confidence, JORC compliant Measured Resource category. To date, the Company has completed a total of 25 drill holes (Figures 1 and 2), utilising up to three diamond drill rigs, with assays from 11 holes received (Table 1). Assays from 14 holes are pending and will be announced in due course. The infill drilling program will be completed after the upcoming T3 open pit Ore Reserve and the Feasibility Study, both of which remain on track for completion by the end of March 2019. | |
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