MOD 0.00% 42.5¢ mod resources limited

Interesting, looks to be a continuation of Hana/Cupric's...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 259 Posts.
    lightbulb Created with Sketch. 18
    Interesting, looks to be a continuation of Hana/Cupric's 'Chalcocite Zone' just over the fence.

    Probably a bit early to discount the disseminated mineralisation imo. Grade is on the lower side compared to eg T3, but equivalent to porphyry and widths are very good and underlaid by high-grade NPF contact. Hana used a 0.3% cut-off for their deposit, albeit much shallower. Hana also got very good prelim. met data from it, ~80% recovery and 52% conc grade, see eg: https://www.irw-press.com/en/news/hana-announces-recoveries-of-799-copper-from-metallurgical-conventional-flotation-recovery-testing-on-sulphides-from-the-chalcocite-zone.html?isin=CA40963T1075

    MOD chasing a thin NPF contact 600-700m down is going to be hard work. Cupric on the other hand may be very interested in chasing what is essentially a shallow dipping thick band of disseminated mineralisation that looks to be continuation of their existing deposit, which starts at surface. At a very rough guesstimate, it might extend the strike by 3-4 times? If I were MOD I'd plug some holes in up to the fence and then wait for Cupric to come knocking.

 
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.