Australia’s MOD Resources announced an outstanding intersection of 52m @ 1.5 per cent Cu and 14g/t Ag within a vein stockwork in hole MO-A4-003D, Botswana, from 232.2m downhole depth at the A4 Dome.
|A1 Dome - drill core from MO-A1-002D at ~192m depth, showing coarse bornite in quartz/carbonate vein|
MO-A4-003D includes a high-grade intersection of 15.5m @ 2.9 per cent 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 per cent, 8.4 per cent, 11 per cent, 11.5 per cent, 12.2 per cent and 15.4 per cent Cu. The highest silver assay is 476g/t Ag which is associated with 15.4 per cent Cu at the base of the 52m intersection.
This compares with MOD’s prior success when T3 was discovered in March 2016. 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 believes that 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.
“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,” said Mr Hanna.
“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.”
According to the company, the latest results have confirmed Airborne EM as the breakthrough technology which the exploration team is using to great effect in finding significant new copper in conductive domes with no previous drilling or soil anomalies to guide them.
Four drill rigs are now testing extensions to the A4 Dome vein stockwork and NPF contact mineralisation, at depth and along strike on 200m spaced sections within a 1.8 km target zone, along the 5km A4 Dome. Additional drill rigs are being sourced to accelerate drilling along the A4 and A1 Domes.
The A4 Dome and A1 Dome lie within the ~700km2 T3 Dome Complex which forms part of a joint venture with AIM-listed Metal Tiger Plc (30%) (MTR). The JV holds extensive licences operated by in-country subsidiary, Tshukudu Metals Botswana (Pty) Ltd extending 200km along the centre of the Kalahari Copper Belt.
On 18 July 2018, MOD announced the Company had entered into a binding agreement with MTR to acquire MTR’s 30% interest in the T3 Project and rights for an option to acquire MTR’s interests in any new JV resource which progresses to a scoping study within 3 years of completion of the agreement.