MOD (ASX) Ann: Trading Halt-MOD.AX

Originally posted by freeheel ↑

Can't wait for them to stick some drills into the T3 "East" and "Wast" soil anomalies that stretch 12km along the T3 dome. MOD has previously said that the mineralised sequence was within a shallow regional thrust onto the T3 dome. Today's announcement that the deposit can best be described as a sheeted vein deposit with multiple, stacked mineralised horizons I find very interesting, and might suggest that the thrust has created a long-lived fracture system within the reduced siltstone formation that provides ideal conditions for multiple waves of hydrothermal mineralisation. If that's the case, then the potential for further discoveries of the same type elsewhere along the T3 dome, associated with the same regional thrust, must be very good. I'm looking at you T3 East/West.

As to where the copper/high Moly is coming from, the deep IP target should give us a good idea. Around Boseto the copper is sourced from the much older Kgwebe volcanics, but that basement rock is thinner in the central Kalahari, and Cupric hasn't reported the high Moly values seen at T3. The copper is obviously being mobilised from somewhere and there is a lot of it. Just speculating but perhaps there really is an older porphyry deposit deeper down. Might explain why JH is excited to drill what he refers to as the 'duck'.

Expand

Hi Freeheel

You're right, T3 East looks like the highest priority target from the information released to me. The thrust model proposed seems reasonable, and probably has significant strike length. The challenge for MOD will be finding the sweet spots, which will not be an easy task. The IP anomaly looks good, but its risky in a sedimentary environment due to the abundance diagenetic pyrite in shales and siltstone. The best way forward now is probably to undertake a significant AC or RC drilling over the soil anomalies at wide spacings to see if they can snag another T3-style deposit. Then bring the diamond back in.

Not sure about the porphyry story, there's nothing in the magnetics to suggest a suite of porphyry intrusives. Its perfectly feasible that the copper has been remobilised from a significant position of typical kalahari-style mineralisation (like mahumo) at depth. The moly does not suggest the fluids have a porphyry-connection. There are plenty of Mo enriched sediments in the world that could provide enough Mo and concentrate to produce the grades seen at T3.

I'm confident that MOD will unveil 1Mt of Cu over time. Targeting T3-style mineralisation is a much more sensible proposition than chasing Kalahari-style mineralisation at depth.

Hi Freeheel You're right, T3 East looks like the highest...