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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 4/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 29-4-2019: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T3 deposit at the T3 project. Drilling results incl. 60.0m @ 1.0% Cu, 13g/t Ag from 78m. MOD’s Managing Director, Julian Hanna, said “This second batch of drill holes fr | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bradley Ackroyd (Internal) | |
| ABSTRACT: | MOD’s Managing Director, Julian Hanna, said “This second batch of drill holes from the T3 infill drilling program continue to deliver impressive results. Again, as expected, the infill drill program has successfully intersected wide, high-grade vein-hosted mineralisation whilst providing more clarity around the up-dip extent of mineralisation within the planned Stage 1 and 2 pit shells. As the end of the infill drilling program approaches, our understanding and confidence in the orebody continues to strengthen and we expect that we will be in a position to upgrade part of the first few years of production into the higher confidence JORC compliant Measured Resource category.” In January 2019, the Company commenced a resource infill drill program. To date, the Company has completed a total of 49 drill holes (Figure 1), utilizing up to three diamond drill rigs, with assays from 36 holes received (Appendix 1 – Table 1). The results have returned intersections of high-grade copper and silver mineralisation in most holes, validating and supporting the resource model. Holes MO-G-218D and MO-G-219D did not intersect significant mineralisation, because these holes are located on the southern limit of the deposit, further increasing our understanding of the boundaries of the orebody. The Company expects to complete the T3 infill drilling program during the second quarter. | |
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