MOD identifies new Botswana copper targets
THE DRILL SERGEANT: MOD Resources (ASX: MOD) has identified a number of new copper anomalies in the Kalahari Copper Belt of Botswana.
The company said it had identified the anomalies from a regional soil sampling campaign.
The three regional targets of interest (T2, T9 and T10) are located north of the T3 deposit in the Kalahari Copper Belt, and form part of the Joint Venture between MOD Resources (70%) and AIM-listed Metal Tiger Plc (30%).
MOD explained the regional exploration program is in addition to ongoing resource drilling at T3.
MOD has two teams exploring for satellite deposits in the region surrounding T3 with one team testing IP and copper soil targets already identified along the 25km-long T3 Dome while the other conducts soil sampling along structural targets within the JV’s regional holdings.
The latest results identified two strong copper soil anomalies at T2, approximately 20km north of the T3 deposit and 3.5km west and 5.5km east of MOD’s high-grade Mahumo copper/silver deposit.
MOD said both anomalies comprise wide intervals of consistently high values up to 85ppm copper in the T2-West anomaly and up to 83ppm copper in the T2-East anomaly.
Two additional extensive copper soil anomalies were identified at T9 and T10, approximately 60km north of T3.
“The results of the soil sampling were very encouraging, particularly considering the high copper values in the two anomalies at T2,” MOD Resources managing director Julian Hanna said in the company’s announcement to the Australian Securities Exchange.
“Not only are the values notable, the T2 anomalies each extend over 1.5 kilometres and occur directly along strike from Mahumo.”
MOD’s interpretation of magnetic data is that both anomalies appear to be associated with folding of the prospective Mahumo contact on either side of the high-grade Mahumo deposit which remains open below current drilling.
RC drilling will test the T2-West and T2-East anomalies as soon as a rig is available.
Email: administrator@modresources.com.au
Website: www.modresources.com.au