Assays have been received for the first three RC holes drilled...

Assays have been received for the first three RC holes drilled along the first section at T2 West.
Locations of these holes are included in Table 1 and are plotted on a preliminary interpreted sketch
cross section included in MOD’s announcement on 23 August 2016 (Figure 2).
Two RC holes, MO-G-52R and MO-G-54R, intersected zones of disseminated copper mineralisation
around a high-grade copper/silver core associated with veining in the centre of the disseminated
mineralisation. The combined intervals of disseminated and vein hosted mineralisation extend
approximately 24m from 51m down hole in MO-G-52R, and 28m from 49m down hole in MO-G-54R.
Highlights of today’s RC drilling results include:

MO-G-52R intersected 7m @ 1.7% Cu and 32g/t Ag from 61m downhole, including:
5m @ 2.3% Cu and 42g/t Ag from 61m downhole

MO-G-54R intersected 6m @ 1.7% Cu and 24g/t Ag from 61m down hole
The disseminated mineralisation around the high-grade intersections listed above includes individual
1m intervals ranging from ~0.1% to 0.5% Cu in MO-G-52R, and ~0.1% Cu to 0.7% Cu in MO-G-54R.
The assay results are still being interpreted and the significance of the disseminated mineralisation is
unknown at this early stage of exploration at T2
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