ASX-listed copper exploration and development company MOD Resources has announced the first drill hole in a major drilling campaign within the T3 Dome Complex has intersected multiple traces of visible, vein hosted copper mineralisation, near the eastern end of the large A4 Dome.
MOD Resources owns 70% of a UK incorporated joint venture (JV) company, Metal Capital with AIM-listed Metal Tiger owning 30%.
Metal Capital’s wholly owned subsidiary, Tshukudu Metals Botswana is the Botswana operating company which owns the T3 copper/silver deposit – MOD Resources' flagship project.
The ~700 km2 T3 Dome Complex forms part of the JV with Metal Tiger.
The JV holds extensive licences operated by in-country subsidiary, Tshukudu Metals Botswana extending 200 km along the centre of the Kalahari Copper Belt in Botswana.
From approximately 360 m to 450 m down hole depth, hole MO-A4-001D has intersected numerous quartz/carbonate veins, many with traces of fine to coarse grained chalcopyrite, bornite and chalcocite sulphides.
The veins occur within shallow north dipping sediments below the interpreted EM conductive T3 ‘Marker Unit’. Drilling of MO-A4-001D is still in progress.
"The initial results from the first hole into the first dome to be tested outside the T3 project are extremely encouraging and provide further confidence in the exploration techniques being used and the potential of the targets being drilled," explains MOD Resources MD Julian Hanna.
“Drill hole MO-A4-001D has intersected the conductive Marker Unit exactly as predicted by the EM modelling and has also confirmed the presence of copper sulphides in veins within the underlying sediments, similar to T3.
"Now we can start drilling specific structures within these large domes where veining may be better developed and more strongly mineralised.
“Because the buried domes defined by EM appear to be intact and are not eroded at surface, any mineralisation that was deposited within these domes should still be there”, he adds.
Preliminary geological logging of drill core from MO-A4-001D is being carried out as the hole progresses and a more detailed assessment of the core and assay results from the mineralised veins are required before the significance of the mineralisation can be determined.
MO-A4-001D is currently at approximately 490 m depth and is being deepened to test the prospective Ngwako Pan Formation (NPF) contact interpreted to occur below the mineralised sequence intersected to date.
Two additional drill rigs are being deployed to test other targets within the more structurally complex core of the A4 Dome, southwest of MO-A4-001D.
The current T3 Dome Complex drilling campaign is planned to test numerous targets including seven large conductive domes, many with similarities to the T-Rex Dome which hosts the >400 Kt copper resource at T3.
Drilling is also underway at the A1 Dome ~25 km northeast of the A4 Dome and at the A9 Anomaly ~5 km northeast of A4 Dome.
A1 Dome is one of Tshukudu’s highest priority targets within the T3 Dome Complex and A9 is an unusual pipe-like conductor adjacent to a regional dolerite dyke.