MOD 0.00% 42.5¢ mod resources limited

Fully agree. The potential MOD has is pretty mind-boggling....

  1. 259 Posts.
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    Fully agree. The potential MOD has is pretty mind-boggling.

    There has been discussion in the past that what is currently being drilled at T3 is a polymetallic replacement deposit that has formed part of a much larger porphyry-style system, and that the high moly values were the big giveaway. If it is part of a large porphyry system then we can expect to see more near surface polymetallic replacement deposits in the area around T3. The core of the system will also be hiding somewhere, perhaps the IP anomaly they have prioritised drilling on and for which we are currently awaiting assays.

    And all the talk about T3 completely ignores the potential of the prospective contact layer (think zone 5/mahumo style mineralisation) to also yield very large Cu/Ag resources - apart from mahumo the prospective contact is untested by MOD throughout its 11,000 sq km holdings.

    The attached picture shows Cupric's resources in the same structural corridor at the end of 2015 -  it is clear that style of mineralisation is widespread and Cupric are actively exploring and drilling new deposits in this style. In cupric's own words:

    "This substantial metal endowment over a large area is characteristic of sediment-hosted, stratiform Cu-Ag deposits and districts. Given this broad geologic context, high-grade upside in zones of Cu-Ag enrichment is the Company's exploration focus."

    Khoemacau-Boseto_MII_Fall2015.jpg
    Last edited by freeheel: 14/08/16
 
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