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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 3/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-3-2018: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T3 deposit at the T3 project. Drilling results incl. 17.9m @ 2% Cu, 46g/t Ag from 196m. MOD Resources Ltd (ASX: MOD) today announced very encouraging assay results from | |
| Resources: | (not mentioned in this report) | |
| 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 infill and extension drilling program at the T3 Copper Project in Botswana. T3 forms part of a joint venture with AIM-listed Metal Tiger Plc (30%) within an extensive holding of licences in the central and western parts of the Kalahari Copper Belt in Botswana. As a consequence of the outstanding results delivered in the Pre-Feasibility Study (announced 31 January 2018), emphasis was placed on additional infill and extension drilling of the planned T3 open pit. The objectives of this drilling program, which is now effectively complete, were three-fold: While a revised resource estimate and completion of the current T3 Pit feasibility study is required to confirm the above objectives, results to date listed in Table 1 and plotted as Figures 1 and 2 are very encouraging, providing further confidence in the Expansion Case model. MOD’s Managing Director, Mr Julian Hanna, said he was very pleased by the latest results, which are starting to confirm the potential for the Expansion Case model at T3 as well as the potential for an overall increase in T3 mineral resources. “The impact of the recent drilling is probably best illustrated by comparing the two long sections in Figure 2. They show the sizeable difference between the resource announced on 24 August 2017 compared with the extent of mineralisation based on drilling information available today,” said Mr Hanna | |
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