For thousands of other reports visit RSC's Mineral Intellingence Map
MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 8/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-8-2016: 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. 45.3m @ 2.0% Cu, 36g/t Ag from 131m. MOD Resources Limited (ASX: MOD) today announced furth | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Limited (ASX: MOD) today announced further wide copper/silver intersections within the Phase 1 resource target area at the T3 prospect in the Kalahari Copper Belt, Botswana. T3 is part of a joint venture between MOD Resources (70%) and AIM-listed Metal Tiger Plc (30%). Managing Director, Mr Julian Hanna said the latest batch of assay results, and reports of visible sulphides from other recent holes in the western part of the resource area are exceeding MOD’s expectations. “We had assumed this part of the resource consisted mainly of narrow intersections (~6m) of moderate grade copper however this is not the case”, said Mr Hanna. “Wide intersections in MO-G-24D (32.6m @ 1.6% Cu and 22g/t Ag from 146m down hole) and MO-G- 25D (45.3m @ 2.0% Cu and 36g/t Ag from 131m down hole) and previously announced MO-G-20D (20m @ 3.2% Cu and 77g/t Ag from 130m down hole) now appear to extend the central footprint of higher grade mineralisation into the western part of the deposit. The 12 holes awaiting assay and the remaining resource holes to be drilled may provide further support for this interpretation of a wide, high core extending at least 700m along the deposit, which remains open along strike,” he said. Mr Hanna added “There are very few exploration projects globally delivering these widths and grades of copper and silver mineralisation that are being consistently intersected at T3.” The majority of T3 diamond drill hole intersections are drilled near perpendicular to the sequence which hosts the mineralisation and are therefore interpreted to represent near true width for each intersection. Details of the drill holes are set out in Table 1. Results from the ongoing resource drilling will be released as they become available. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report