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Australia InvestingScott Tibballs
MOD Resources: A4 Dome Discovery Keeps on Delivering
Scott has a Master's Degree in journalism from the University of Melbourne and reports on the resources industry for INN.
Scott has experience working in regional and small-town newsrooms in Australia. With a background in history and politics, he's interested in international politics and development and how the resources industry plays a role in the future.
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Sep. 04, 2018 08:07AM PST
The company said that after just two months of drilling along 1km of the 5km structure, the A4 project was shaping up to be very promising.
MOD Resources (ASX: MOD) has announced further exciting results from its 70 percent-owned A4 Dome project, and a major step up in activity along this large target in the T3 Dome Complex in Botswana.
As highlighted in the press release:
- Nine holes at A4 Dome to date have intersected significant copper mineralization
- Latest assay results and logging of drill core confirms several wide intersections
- Two types of mineralization occur including high-grade veins and NPF contact
- Only 1km of the 5km long interpreted structural target zones tested to date
- A4 Dome located just 8km from T3 Project including planned 3Mtpa process plant
- Five drill rigs now on site with more to commence drilling within days
MOD Managing Director, Julian Hanna said:
“Two months after drilling started, the A4 Dome is already developing into a very exciting discovery based on drilling only part of the 5km long structure. We are focussing on A4 Dome because it is ~8km from MOD’s T3 Project where a 3Mtpa processing plant is planned for construction as part of the estimated 12-year T3 Project. A4 Dome provides an enticing opportunity to deliver additional high grades and expanded production through a centralized T3 plant.”
Click here to read the full MOD Resources (ASX:MOD) press release.
