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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3, T1 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 5/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 24-5-2018: MOD Resources Ltd. announces an Exploration/Drilling Update report for its T3, T1 deposit at the T3 project. Drilling results incl. 35m @ 2.0% Cu, 34g/t Ag from 102m. MOD Resources Ltd (ASX: MOD) today announced an update on drilling activity a | |
| Resources: | (Resource, Total): 2.677Mt @ 2.0% Cu, 50g/t Ag for 53180t Cu, 4.273Moz Ag contained | |
| CP/QP: | [Overall Report]: Jacques Janse Van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Ltd (ASX: MOD) today announced an update on drilling activity and results from the T3 Pit, T3 Underground and T1 Underground Projects. Four diamond drill rigs are active at T3, two at T1 and two have commenced drilling at the T3 Dome complex. Two additional drill rigs are expected next week. The T3 Project forms part of a joint venture with AIM-listed Metal Tiger Plc (30%) within an extensive holding of licences operated by in-country subsidiary, Tshukudu Metals Botswana (Pty) Ltd (Tshukudu) in the central part of the Kalahari Copper Belt in Botswana. The T1 (Mahumo) Underground Project (MOD 100%) is located on the same structural contact that hosts Cupric Canyon Capital’s large Zone 5 resource, ~100km NE of T1. The Zone 5 resource comprises 100.3Mt @ 1.95% Cu and 20g/t Ag which is planned to be mined underground. The objectives of this program are to infill the current resource to convert Inferred to Indicated and Measured resource categories and to extend the total resource to support the Expansion Case model in the PFS (announced 31 January 2018). Drilling is complete, assays received to date are in line with expectations and a table of significant intersections is included in this release (Table 1). Assay results for all drill holes to be included in the revised mineral resource have been received and a revised resource which will be prepared by leading consultants CSA Global, is expected in June 2018. Previous assay results for the infill and extension program were announced 26 March 2018 | |
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