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MOD Resources Ltd.
Summary
| Project: | T2 | |
|---|---|---|
| Deposit: | T2 West | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 8/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-8-2016: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T2 West deposit at the T2 project. JV with Metal Tiger Plc - drilling results incl. 7m @ 1.7% Cu, 32g/t Ag from 61m. MOD Resources Ltd (ASX: MOD) today announced assay r | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Ltd (ASX: MOD) today announced assay results from the first shallow RC drill holes at the recently announced T2 West prospect, located 20km north of T3 in the Kalahari Copper Belt. The Company also announced results from soil sampling between T2 West and the MOD-owned Mahumo deposit (T1) as well as soil sampling extending east from the T2 East prospect. T2 consists of two copper soil anomalies (T2 West and T2 East) spaced approximately 12 km apart along an interpreted zone of folding of the Kalahari ‘prospective contact’ (Figure 1). This contact occurs along the same regional structure that is interpreted to host MOD’s 100%-owned T1 (Mahumo) Stage One resource (announced: 2.68Mt @ 2.0% Cu and 50g/t Ag) and Cupric Canyon Capital’s Zone 5 resource (announced: 100.3Mt @ 1.95% Cu and 20g/t Ag) located approximately 100km northeast of Mahumo. T2 is part of the joint venture between MOD Resources (70%) and AIM-listed Metal Tiger Plc (30%). The T2 West soil anomaly includes copper values up to 87ppm Cu and T2 East includes copper values up to 83ppm Cu. There is no outcrop at T2 and the area is covered by a shallow surface calcrete layer. Assays have been received for the first three RC holes drilled along the first section at T2 West. Locations of these holes are included in Table 1 and are plotted on a preliminary interpreted sketch cross section included in MOD’s announcement on 23 August 2016 (Figure 2). | |
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