MOD Resources continues positive drilling run at T3

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THE DRILL SERGEANT: MOD Resources (ASX: MOD) continued its recent run of positive assay results from drilling within the Phase 1 resource area at the T3 prospect, part of a Joint Venture with AIM-listed Metal Tiger (30%) in the Kalahari Copper Belt, Botswana.

MOD said the JV had received two batches of assays from seven holes (MO-G-33D to MO-G-39D), which were mainly located in the northern part of the T3 Phase 1 resource area.

The company indicated that five of the latest holes intersected encouraging widths of copper and silver, similar to intersections that have previously been announced from this area.

Highlights from recent intersections include:

MO-G-33D
9.3 metres at 1.1 per cent copper and 6 grams per tonne silver from 163.7m downhole, and 16.5m at 1.3 per cent copper and 22g/t silver from 177m downhole;

MO-G-34D
22m at 1 per cent copper and 12g/t silver from 170m downhole

MO-G-35D
13.4m at 1.4 per cent copper and 19g/t silver from 174m downhole, and 3m at 2.5 per cent copper and 48g/t silver from 193m downhole

MO-G-36D
10.8m at 1 per cent copper and 12g/t silver from 187m downhole, and 11m at 1.2 per cent copper and 23g/t silver from 223m downhole

MO-G-37D
5m at 1.4 per cent copper and 11g/t silver from 109m downhole.

MOD said the recent assay results were in line with the JV’s expectations and have been forwarded to an independent resource consultant in South Africa who is conducting the T3 resource estimate.

“The resource area has also been extended with three deeper holes (MO-G-49D, MO-G-50D and MO-G-51D) drilled 100 metres north of previous holes along the northern boundary of the resource area,” MOD Resources said in its ASX announcement.

“Copper sulphides were intersected in all three holes and assay results are awaited to determine grades.

“Results are awaited from 13 completed resource drill holes at T3 and a number of RC holes completed at T2.

“Results will be announced when they have been received and interpreted.”

Website: www.modresources.com.au