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MOD Resources Ltd.
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | Zone 2 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 3/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 30-3-2017: MOD Resources Ltd. announces an Exploration/Drilling Update report for its Zone 2 deposit at the T3 project. JV - drilling results incl. 13.0m @ 1.05 Cu, 16g/t Ag from 271.0m. MOD Resources Ltd (ASX: MOD) is pleased to announce significant diss | |
| 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 significant disseminated copper sulphides have been intersected within the recently discovered Zones 2 and 3 at T3. Zone 2 occurs directly below the T3 resource sequence (now named ‘Zone 1’) announced on 26 September 2016. T3 forms part of a joint venture with AIM-listed Metal Tiger Plc (30%) relating to an extensive licence holding in the central and western parts of the Kalahari Copper Belt. MOD owns 70% of the Botswana operating company, Tshukudu Metals Botswana (Pty) Ltd which is now fully active. Since the discovery of Zone 2 in February 2017 four drill rigs have been drilling out the deposit on a 100m by 100m pattern. This has involved drilling new holes and deepening previous resource holes drilled in 2016. Sixteen (16) diamond core holes were completed over six weeks to define Zone 2 to a maximum vertical depth of approximately 300m. While interpretation of drilling results is still at an early stage it appears Zone 2 extends along ~700m strike and is centred around a 200-300m long central core comprising wide intervals of locally veined and disseminated copper sulphides. The central core may be truncated by an east dipping fault which appears to offset the overlying T3 resource near the western end of Zone 1. | |
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