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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T23 Dome | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 12/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 10-12-2018: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T23 Dome deposit at the T3 project. Drilling results incl. 25m @ 0.36% Cu, 4g/t Ag from 65m. 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 results from widely spaced drilling at T23 Dome. The T23 Dome is the first new target drilled within the regional scale T20 Exploration Project (Figure 1), which forms part of the extensive landholdings held by MOD (70%) and Joint Venture (JV) partner, Metal Tiger Plc (30%) (AIM: MTR). The third drill hole at T23 Dome (MO-T23-003D) has intersected zones of visible, finely disseminated copper sulphides within a wide interval from approximately 85m to 385m down hole depth (Figure 4). This type of mineralisation was also intersected in the first two holes at T23 Dome, announced on 21 November 2018. In addition, MO-T23-003D intersected a strongly mineralised vein at 268.1m down hole depth (Figure 2), confirming the potential for high grade vein hosted mineralisation similar to other copper discoveries in the Kalahari Copper Belt. Assay results are awaited to determine copper grades for MO-T23-003D. As demonstrated in the T3 region 100km to the east, electromagnetic (EM) data of T23 Dome suggests the Kalahari host sequence may occur within a number of well-defined domes and folds at shallow depth, below the entire 390km2 of the EM survey area interpreted to date. A substantial drilling campaign is planned for early 2019 to target some of the most compelling domes and structural targets in the T23 Dome area. Additionally, the T23 Dome is located immediately north of a very large, as yet unexplained target with multiple copper and zinc soil anomalies, extending ~60km along the centre of the T20 Exploration Project. The soil anomalies remain open to the west towards the Namibian border and the area is completely covered by MOD JV licences (Figure 1). These soil anomalies are a high priority for drilling starting in early 2019. MOD’s Managing Director, Julian Hanna, said: “While we are still at an early stage of exploring the T23 Dome, we are very encouraged by the first drilling results. Having confirmed the prospectivity of this area, our exploration team can now start testing the potential for high-grade mineralisation within specific structures defined by the EM.” “MOD’s discovery in March 2016 which is now the T3 Copper Project, followed by recent successes at the A4 and A1 Domes, and now the T23 Dome, suggests the Central Structural Corridor, which links all these occurrences, may represent one of the largest, most under-explored district scale targets for sediment hosted copper.” | |
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