MOD Resources Ltd (ASX: MOD) is pleased to announce an outstanding intersection of 52m @ 1.5% Cu and 14g/t Ag within a vein stockwork in hole MO-A4-003D, from 232.2m downhole depth at the A4 Dome.
The A4 Dome is one of many domes identified within the ~700km2 T3 Dome Complex (Figure 5). MO-A4-003D includes a high-grade intersection of 15.5m @ 2.9% Cu and 42g/t Ag, from 268.8m downhole depth. Bonanza grade assays for narrow individual veins (≤1m) throughout the 52m intersection include 7.8%, 8.4%, 11%, 11.5%, 12.2% and 15.4% Cu.
The highest silver assay is 476g/t Ag which is associated with 15.4% Cu at the base of the 52m intersection (Figures 1 and 2).
This compares with MOD’s prior success when T3 was discovered in March 2016 (52m @ 2% Cu and 32g/t Ag). Vein hosted bornite has also been intersected at the A1 Dome, 26km east of the A4 Dome.
The 5km long A4 Dome lies just 8km from the 60Mt T3 Pit Project and planned processing plant. MO-A4-003D also intersected an interval of vein and disseminated chalcocite and bornite mineralisation from 586.6m downhole depth, on the NPF contact.
Assay results are awaited to confirm the significance of the NPF contact mineralisation intersected in MO-A4-003D.
MOD’s Managing Director, Mr Julian Hanna said, “MO-A4-003D has turned out to be an extraordinary drill hole. It has intersected two zones of mineralisation in the early stages of drilling at the A4 Dome which shows strong similarities to the dome which underlies the T3 deposit.”
Mr Hanna added, “When put into context with T3 and the ~7Mt of contained copper in other resources to the east of MOD’s extensive licence holdings, this one hole into the A4 Dome has again demonstrated the huge potential of this rapidly unfolding Kalahari Copper Belt.”
“What is equally as exciting is the second hole at the large A1 Dome (MO-A1-002D), 26km east of the A4 Dome, has intersected vein hosted bornite at ~192m and is currently drilling through visible mineralisation.”
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