MOD Resources Ltd (ASX:LON:MOD) Strong T3 Infill Drilling Results

 

Strong T3 Infill Drilling Results

 

 

Highlights of infill drilling results include:

• MO-G-188D: 31.5m @ 2.0% Cu, 36g/t Ag from 85.6m,

• including 10m @ 4.7% Cu, 98g/t Ag from 105m;

• MO-G-191D: 47m @ 0.9% Cu, 7g/t Ag from 89m,

• including 15.3m @ 1.6% Cu, 15g/t Ag from 104m;

• MO-G-192D: 13.7m @ 1.6% Cu, 6g/t Ag from 52.8m,

• and 33m @ 2.0% Cu, 14g/t Ag from 88m,

• including 16m @ 3.3% Cu, 20g/t Ag from 99m;

• MO-G-193D: 17.7m @ 1.4% Cu, 21g/t Ag from 97.8m,

• including 6.5m @ 2.5% Cu, 36g/t Ag from 108.1m;

• MO-G-197D: 22m @ 1.1% Cu, 10g/t Ag from 95m

MOD Resources Limited (ASX/LSE: MOD), the copper exploration and development company focused on the central Kalahari Copper Belt in Botswana, is pleased to announce very encouraging results from its resource infill drilling program, within the planned open pit area of the T3 Copper Project.

MOD’s Managing Director, Julian Hanna, said:

“The initial results published today from the T3 infill drilling program are very strong. They continue to support and validate the accuracy of the resource model while also identifying significant new copper intercepts within the early stages of the planned open pit.”

“Notably, an intersection within hole MO-G-188D of 31.5m at 2.0% copper from 85.6m downhole including 10m at 4.7% copper from 105m downhole and MO-G-192D intersecting 33m at 2.0% copper including 16m at 3.3% copper from 99m, demonstrates the high-grade nature of the veins within the T3 open pit.”

“These wide, high-grade intersections are increasing our confidence in the quality and continuity of the resource. In addition they provide encouragement of the potential to increase the current open pit resource.”

READ
Weekly Mining Highlights, 6th October 2019

In January 2019, the Company commenced a planned 60-hole resource infill drill program within the boundaries of the first two stages of the proposed T3 Copper Project open pit, with the objective of upgrading early production into the higher confidence, JORC compliant Measured Resource category.

To date, the Company has completed a total of 25 drill holes (Figures 1 and 2), utilising up to three diamond drill rigs, with assays from 11 holes received (Table 1). Assays from 14 holes are pending and will be announced in due course.

The infill drilling program will be completed after the upcoming T3 open pit Ore Reserve and the Feasibility Study, both of which remain on track for completion by the end of March 2019.

Please see image in the full version of the announcement at www.modresources.com.au

Figure 1: Cross section across initial proposed T3 open pit stages showing MO-G-192D

Please see image in the full version of the announcement at www.modresources.com.au

Figure 2: Plan view of T3 resource infill drilling program

Table 1: Significant T3 resource infill drilling intersections

 

Full RNS Link Here 

 


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