MOD Resources nearing T3 copper Resource

THE DRILL SERGEANT: MOD Resources (ASX: MOD) declared it is on track to completion of a maiden Resource estimate at the company’s T3 copper-silver deposit in Botswana.

The T3 prospect forms part of a Joint Venture between MOD Resources (70%) and AIM-listed Metal Tiger (30%) in the Kalahari Copper Belt.

MOD explained the resource model will include recent results from the three deepest holes the JV has completed to date (MO-G-49D to MO-G-51D), which extend part of the northern boundary of the resource area by 100 metres.

The drilling encountered widths of copper and silver mineralisation in holes MO-G-49D and MOG-51D.

MOD said the results from these holes confirmed that T3 remains open to the north and east of current drilling and that further drilling will test the potential for high-grade vein hosted mineralisation down dip from these intersections.

Recent intersections of note include:

MO-G-44D
23.9 metres at 1 per cent copper and 5 grams per tonne silver from 33.1m downhole and 16m at 0.6 per cent copper and 7g/t silver from 62m downhole;

MO-G-49D
9.6m at 1.1 per cent copper and 4g/t silver from 205.5m downhole and 23m at 1.2 per cent copper and 22g/t silver from 275m downhole;

MO-G-50D
6m at 1.4 per cent copper and 8g/t silver from 214m downhole and 8m at 0.8 per cent copper and 19g/t silver from 253m downhole

MO-G-51D
10m at 1.7 per cent copper and 21g/t silver from 210m downhole and 18.2m at 0.6 per cent copper and 11g/t silver from 241m downhole.

“All recent assay results have been forwarded to the independent resource consultant in South Africa who is conducting the T3 resource estimate,” MOD Resources said in its ASX announcement.

“Sufficient assay results have been received to enable contouring of the copper/silver intersections to highlight trends in the T3 mineralisation.”

Website: www.modresources.com.au