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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver-Molybdenum | |
| Date: | 6/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-6-2016: 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. 34.85m @ 1.0% Cu, 14.0ppm Ag from 161.0m. MOD Resources Limited (ASX: MOD) today announced | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Limited (ASX: MOD) today announced the confirmation of an extensive new copper surface anomaly and additional positive assay results from its diamond-drill program at the T3 prospect in the Kalahari Copper Belt, Botswana. The resource-drilling program is part of a joint venture between MOD Resources (70%) and AIM-listed Metal Tiger Plc (30%). In March 2016, MOD Resources commenced a drilling campaign at T3. Early success, including an intersection of 52m @ 2.0% Cu in a shallow RC hole, prompted the joint venture to commence further drilling to gain a better understanding of the copper mineralisation and initiate a substantial soil sampling program of the surrounding area. Based on this work, the Company’s experienced geological team confirmed a new 3-kilometre long copper/zinc anomaly along strike, approximately 3.5 kilometres NE of the Phase 1 resource area at T3 (Figure 1). The Company also announced receipt of assays from three deeper diamond holes along a 600m-strike length within the Phase 1 resource area, showing they all intersected wide zones equal or greater than 1% copper, associated with significant silver values. | |
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