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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | Zone 1 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 4/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 24-4-2017: MOD Resources Ltd. announces an Exploration/Drilling Update report for its Zone 1 deposit at the T3 project. JV - Drilling results incl. 33.0m @ 1.15 Cu, 11g/t Ag from 149.0m. MOD Resources Ltd (ASX: MOD) is pleased to announce further encourag | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jacques Janse van Rensburg (Internal) | |
| ABSTRACT: | MOD Resources Ltd (ASX: MOD) is pleased to announce further encouraging assay results from four drill holes which intersected the T3 Zone 1 resource and the recently discovered Zones 2 and 3, below the resource. Assays are awaited from 11 additional T3 holes and 8 geotechnical holes. Recent intersections in three holes (MO-G-63D, MO-G-64D and MO-G-66D) within Zone 1 are in line with expectations from adjacent resource drilling (Table 1 and Figure 1). Intersections in the same three holes within the underlying Zone 2 have confirmed continuity of the mineralisation along 300m. Assays are awaited from 11 additional drill holes from Zone 2 along 700m strike length before a resource can be estimated and Zone 2 can be included into the T3 open pit PFS (Figure 1). Seven holes to date have intersected the Zone 3 disseminated copper mineralisation, 300m below the T3 vein related resource. Zone 3 is interpreted to extend >800m across strike (north to south) and remains completely open. Zone 3 occurs along a distinctive structural contact which appears to dip nearly horizontally and may be related to the contact which hosts many other deposits in the copper belt. Although intersections at Zone 3 to date are up to 1% copper, recognition of this flat lying mineralised contact confirms MOD’s strategy to focus on the wider potential of the T3 Dome. | |
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