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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 8/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-8-2016: 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. 42.0m @ 1.1% Cu, 11g/t Ag from 127.0m. MOD Resources Ltd (ASX: MOD) today announced furthe | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Ltd (ASX: MOD) today announced further positive assay results from the Phase 1 resource area at T3 (Figure 1). T3 is part of a joint venture with AIM-listed Metal Tiger Plc (30%) in the Kalahari Copper Belt, Botswana. Assays were received from two batches of samples for seven deeper holes in the northeast part of the T3 Phase 1 resource area. Six of the latest resource holes intersected significant widths of copper and silver, similar to previously announced intersections in this area (Figure 1). Only one hole (MO-G-32D) located 100m east of the 1km long Phase 1 resource area and north of an interpreted fault which may have displaced the T3 mineralisation, failed to intersect significant widths of copper and silver values. The drill-out of the Phase 1 resource on an initial 100m by 100m drill pattern is nearing completion to meet the Company’s target to finalise a maiden resource at T3 by the end of September. Recent assay results are in line with expectations and include intersections of significant copper and silver grades up to 42m estimated true width. Results to hand are now being forwarded to an independent resource consultant in South Africa to compile and use for the resource estimate. | |
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