MOD Resources Buoyed By Positive Results From T3 Resource Drilling

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MOD Resources Ltd, the ASX listed exploration company has announced further positive assay results from drilling within the Phase 1 resource area at T3, which is part of a joint venture with AIM-listed Metal Tiger Plc (30%) in the Kalahari Copper Belt, Botswana.


Mr. Julian Hanna (pic by mod resources)

Mr. Julian Hanna (pic by mod resources)

According to MOD, assays were received in two batches from seven holes (MO-G-33D to MO-G-39D), mainly located in the northern part of the T3 Phase 1 resource area. Five of the latest holes intersected significant widths of copper and silver, similar to previously announced intersections in this area.

Two shallow holes (MO-G-38D and MO-G-39D) located near the SW boundary of the resource area intersected oxidised sediments with no significant intersections.

MOD added that recent assay results are in line with expectations and have been forwarded to the 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 100m north of previous holes along the northern boundary of the resource area.

“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,” MOD Resources said.

T3 Scoping Study Update Preliminary rougher flotation results from metallurgical test work on composite samples of different ore types from T3 have been received with very encouraging early results to date.

The samples are undergoing cleaner flotation work and results will be announced when the process is finalised. Botswana Site Management Changes In line with the Department of Mines requirements on employment, the Botswana operating company Tshukudu Metals Botswana (Pty) Ltd will advertise in-country for an Exploration Manager to fill this important role which was previously held by MOD’s General Manager Exploration (Africa), Jacques Janse van Rensburg.

In addition, Gaba Chinyepi, MOD’s In-Country Representative, has agreed to accept the full time role of Country Manager to oversee a wide range of MOD’s rapidly increasing activities in Botswana.

The Company is in discussion with the Department of Mines in relation to these site management changes and is fully aligned with their initiatives regarding employment in exploration and potential resource development in Botswana.  MOD Resources’ Managing Director, Julian Hanna, said: “We are very happy to have Mr Chinyepi step into a senior management role after several years working for MOD in Botswana.”

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