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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | A4 Dome | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 10/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 4-10-2018: MOD Resources Ltd. announces an Exploration/Drilling Update report for its A4 Dome deposit at the T3 project. Drilling results incl. 42.9m @ 1.0% Cu, 19g/t Ag from 257.5m. MOD Resources Ltd (ASX: MOD) is pleased to report further very encouragi | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bradley Ackroyd (Internal) | |
| ABSTRACT: | MOD Resources Ltd (ASX: MOD) is pleased to report further very encouraging results from drilling at the 70% owned A4 Dome, 8kms west of the T3 Project in the Kalahari Copper Belt in Botswana. A4 Dome represents part of MOD’s T3 expansion strategy to define additional sources of ore within the T3 Dome Complex that could enable future increases in production through the proposed T3 process plant. The T3 Project Feasibility Study has made substantial progress and will be reported separately. As announced on 4 September 2018, there are two distinctive types of mineralisation at A4 Dome, being localised vein-hosted mineralisation in the upper part of the dome and NPF contact mineralisation which may form a flat lying ‘blanket’ underlying the dome, 450-500m below surface. MOD’s Managing Director, Mr Julian Hanna said, “We’re still in the early stages of understanding the A4 Dome, however we are encouraged by the potential for significant mineralisation within this large target.” “Two holes have intersected wide intersections of vein-hosted mineralisation and all ten holes into the core of the A4 Dome have intersected visible NPF contact mineralisation. The grades are also strong, with assay results from all three NPF intersections received to date including intervals greater than 2% copper at the base.” Mr Hanna added: “The proximity of A4 Dome to the planned T3 processing plant makes it an attractive proposition which supports our strategy to increase production above the current target of 30,000ktpa copper and build a long-term operation centred around T3.” | |
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