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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 1/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 5-1-2018: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T3 deposit at the T3 project. JV - Drilling results incl. 53m @ 2% Cu, 40g/t Ag from 128.5m. MOD Resources Limited (ASX: MOD) today announced a record high-grade drill in | |
| Resources: | (Resource, Total): 36Mt @ 1.14% Cu for 409Kt Cu contained at project | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Limited (ASX: MOD) today announced a record high-grade drill intersection at its T3 Copper Project (70%) in Botswana. The record intersection is part of the latest assay results from MOD’s resource infill drilling program at T3 (Table 1). Hole MO-G-94D returned an impressive intersection of 18m @ 4.3% Cu and 94g/t Ag from 146m downhole depth within a wide zone of 53.9m @ 2.0% Cu and 40g/t Ag from 128.5m downhole depth (Figure 1). MOD commenced the T3 infill and extension drilling program (Phase 2) in August 2017 to test the potential for additional resource extensions including high-grade vein mineralisation within and outside the planned 10-year open pit mine (T3 Pit Project). The high-grade intersection in MO-G-94D occurs near the middle of the T3 Pit Project, approximately 100m above an intersection of 72.6m @ 1.5% Cu and 27g/t Ag in MO-G-65D from 250m downhole depth (announced 6 March 2017), below the current planned pit design. T3 is part of the joint venture (JV) between MOD (70%) and AIM listed Metal Tiger Plc (30%). MOD’s in-country operating company is Tshukudu Metals Botswana (Pty) Ltd (Tshukudu). MOD’s Managing Director, Mr Julian Hanna, said the big widths of copper, high-grade intercepts, numerous regional drill targets, and continued strength in copper prices provided the Company with a very compelling start to 2018. “MOD is punching well above its weight and while we may currently have a modest market cap, our drill results are competitive with some of the largest copper companies,” said Mr Hanna. | |
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