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MOD Resources Ltd.

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Summary

Project:

T3

Deposit:A4 Dome
Location:Botswana
Commodities:Copper-Silver
Date:12/20/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Feasibility Study
Report details:20-12-2018: MOD Resources Ltd. announces an Exploration/Drilling Update report for its A4 Dome deposit at the T3 project. Drilling results incl. 31.5m @ 1% Cu, 10g/t Ag from 538m. MOD Resources Limited (‘MOD’ or the ‘Company’) (ASX/LSE: MOD), the copper e
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Bradley Ackroyd (Internal)
ABSTRACT:MOD Resources Limited (‘MOD’ or the ‘Company’) (ASX/LSE: MOD), the copper exploration and development company focused on the central Kalahari Copper Belt in Botswana, is pleased to report additional promising intersections from its initial drilling phase at the large A4 Dome. The >5km long A4 Dome forms part of the T3 Expansion Project held 70% by MOD and 30% by Joint Venture (JV) partner, Metal Tiger Plc (AIM: MTR), and lies only 8km from the 100% owned 60Mt T3 Copper Project (Figure 1). Due to the large size of the A4 Dome, widely spaced drilling to date has tested less than one third of the prospective area (Figure 2). A combination of vein-hosted and NPF contact copper mineralisation was intersected in most holes with potential extending well beyond the initial 1,600m long target area. In addition to substantial widths of disseminated and NPF contact mineralisation, forming a blanket below the A4 Dome, there are wide zones of vein-hosted mineralization at shallower depths in the dome (eg 52m @ 1.5% Cu & 14g/t Ag from 232.2m in MO-A4-003D announced 6 August 2018 and 42.9m @ 1% Cu & 19g/t Ag from 257.5m in MO-A4-008D announced 4 October 2018 and 15m @ 1.1% Cu & 16g/t Ag from 39m and 21m @ 1.1% Cu & 8g/t Ag from 59m in MO-A4-019D). Refer Figures 2 and 3 and Table 2 for significant intersections

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