MOD 0.00% 43.5¢ mod resources limited

expect large cu and large au soon...

  1. 24,192 Posts.
    lightbulb Created with Sketch. 5565
    Well looks like MOD are starting to fill in the blanks with 1st drill results from its Corner K prospect in Botswanna confirming approx 2km of Strike at around 1% Cu... Impressive for a maiden drill but the real story here is that its neighbours have defined large Jorc/43-101 signif Cu/Ag, For example:-

    A) Discovery Metals Ltd has reported total JORC-compliant mineral resources of 111.5 Mt @ 1.4% Cu and 17.6g/t Ag

    B)Hana Mining Ltd (TSX) has reported a NI 43-101-compliant indicated mineral resource estimate of 762 million pounds of copper and 16 million ounces of silver from 37.4Mt at a
    grade of 0.93% Cu and 13.4g/t Ag. Hana Mining Ltd has also announced total inferred resources of 5.6 billion pounds of copper and 85.4 million ounces of silver from 423.9Mt.


    Now Factor in the recent acquisition of the Sams Creek permit with covers 30.6 km2 and contains a JORC compliant inferred resource of 13.5 million tonnes @ 1.78 g/t Au for 770,000 oz Au

    Guessing the price will appreciate from here soon.

    All is IMHO, DYOR to Confirm.



 
watchlist Created with Sketch. Add MOD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.