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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 12/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-12-2017: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T3 deposit at the T3 project. JV - Drilling results incl. 15m @ 1.4% Cu, 27g/t Ag from 215m. South African mining consultants have conducted a preliminary evaluation of | |
| Resources: | (Resource, Total): 36Mt @ 1.14% Cu for 409Kt Cu contained at project | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | South African mining consultants have conducted a preliminary evaluation of these veins to explore the potential for an underground mine (T3 Underground Project) in addition to the planned open pit. The work done to date assumes good continuity between the mineralised veins, relatively low cost inore development and room and pillar mining. There may be substantial benefits in developing T3 underground simultaneously with the open pit mine and using shared infrastructure, including the planned T3 processing plant. The planned plant throughput capacity was recently upgraded to 2.5Mtpa (a 25% increase on the scoping study plant capacity) with potential for expansion up to 4.0Mtpa (refer ASX announcements of 3 October 2017 and 16 October 2017). | |
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