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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 11/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 14-11-2017: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T3 deposit at the T3 project. JV with Metal Tiger Plc - Drilling results incl. 52.5m @ 0.6% Cu, 7g/t Ag from 448m. MOD Resources Ltd (ASX: MOD) today announced very enc | |
| Resources: | (Resource, Total): 36Mt @ 1.14% Cu for 409Kt Cu contained at project | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Ltd (ASX: MOD) today announced very encouraging assay results from the Company’s resource extension drilling program at the T3 copper project in Botswana. MOD commenced the T3 infill and extension drilling program (Phase 2) in August 2017 to test the potential for additional resource extensions as well as high-grade vein mineralisation outside the planned open pit and several IP and EM targets near T3. The 70-hole diamond drilling program has a particular focus on testing the potential for high-grade veins continuing over a wide area and extending further along strike from the planned open pit. A total of 36 holes in this program have been completed to date. Results from six recent holes (MO-G-74D, MO-G-76D, MO-G-78D, MO-G-79D, MO-G-80D and MOG-81D) near the eastern and western limits of drilling confirm significant mineralisation continues along strike for ~1,500 metres from the planned open pit mine and that this potential remains completely open (Figure 2). Four of the six new holes (MO-G-76D, MO-G-78D, MO-G-80D and MO-G-81D) intersected potential ore-grade veins, which appear to be continuous with shallow dipping veins (V1-V4) identified below, down dip and along strike from the planned pit (as announced on 24 October 2017). MOD’s Managing Director, Mr Julian Hanna, said he was very encouraged by the latest results which are starting to demonstrate a compelling new potential at T3. “These veins may represent a significant underground mining opportunity, in addition to the planned 10 year open pit which is the subject of the current PFS,” he said. | |
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