MOD Resources drills strong copper results at T3 in Botswana

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THE DRILL SERGEANT: MOD Resources (ASX:M OD) announced it has encountered wide copper/silver intersections within the Phase 1 resource target area at the T3 prospect in the Kalahari Copper Belt, Botswana.

T3 is part of a Joint Venture between MOD Resources (70%) and AIM-listed Metal Tiger (30%).

Results from the drilling include:

MO-G-18D
30.4 metres at 1.3 per cent copper and 23 grams per tonne silver from 112.6m downhole, including 5.5m at 3.7 per cent copper and 71g/t silver from 121m;

MO-G-19D
10.3m at 1.2 per cent copper and 3g/t silver from 106.7m downhole;
16m at 1.5 per cent copper and 22g/t silver from 131m downhole.

MO-G-20D
20m at 3.2 per cent copper and 77g/t silver from 130m downhole, including 6.2m at 7.8 per cent copper and 209g/t silver from 136.5m downhole; and
7.8m at 0.8 per cent copper and 8g/t silver from 119.6m downhole.

MO-G-21D
5.5m at 1.2 per cent copper and 31g/t silver from 155.5m downhole; and
14m at 1.4 per cent copper and 27g/t silver from 164m downhole; and

MO-G-22D
3.7m at 1.9 per cent copper and 15g/t silver from 168m downhole; and
6.6m at 1.3 per cent copper and 30g/t silver from 205m downhole (Hole stopped in mineralisation).

“These results not only confirm the presence of substantial bonanza grade copper/silver veins within the wide zones of T3 mineralisation, but also demonstrate the potential for extensions to the resource area in several directions.” MOD Resources general manager exploration Jacques Janse van Rensburg said in the company’s announcement to the Australian Securities Exchange.

“The continuity of the high-grade veins is currently unknown, but they have now been intersected in several holes right across T3 and may prove to be an important economic component of the deposit.”

MOD highlighted the key outcomes of the recent results to be:

A bonanza vein intersection in MO-G-20D (6.2m at 7.8 per cent copper and 209g/t silver) has a contained metal value greater than US$500 per tonne, or approx. 10.4 per cent copper equivalent using current metal prices;

Two western drilling traverses shows the mineralisation may shallow to only around 10 degrees in this area opening up potential to the west and south of this area; and

Intersection of the T3 host sequence with highly anomalous copper/silver/zinc in first hole 2km east of T3 provides encouragement for further mineralisation in this area.

Email: administrator@modresources.com.au

Website: www.modresources.com.au