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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-7-2018: MOD Resources Ltd. announces a Resource Estimation report for its T3 deposit at the T3 project. Separate announcement for mineral resource estimate announced on 2/7/18. MOD Resources Ltd (ASX: MOD) is pleased to announce a substantial 13% incre | |
| Resources: | (Resource, Total): 60.155Mt @ 0.98% Cu, 14g/t Ag for 590Kt Cu, 26.9Moz Ag contained at T3 | |
| CP/QP: | [Resources]: Matthew Cobb (CSA Global Pty Ltd.) | |
| ABSTRACT: | MOD Resources Ltd (ASX: MOD) is pleased to announce a substantial 13% increase in contained copper in the Indicated Mineral Resource Category at T3 (Motheo) compared with the resource update announced on 2 July 2018 at the same 0.4% Cu cut-off grade (Table 1). The revision to the resource estimate was prepared by leading independent resource consultants, CSA Global. The T3 Project forms part of a joint venture with AIM-listed Metal Tiger Plc (30%) and is located within an extensive holding of licences operated by in-country subsidiary, Tshukudu Metals Botswana (Pty) Ltd (Tshukudu) in the central Kalahari Copper Belt in Botswana. The 13% increase in the Indicated Mineral Resource category follows a re-classification review by CSA Global of the Mineral Resource announced on 2 July 2018. The initial Mineral Resource classification was based on an assessment of estimation quality parameters and limited the Indicated classification to specific mineralisation domains within the model. A re-classification review by CSA Global of specific portions of the deposit showed that in the context of adjacent mineralisation and the interpreted geometry of the deposit, it was more appropriate to upgrade some additional domains into the Indicated Mineral Resource category. | |
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