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Creating Value - MOD Mining, page-56

  1. 259 Posts.
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    Completely agree.

    A lot in the most recent announcement to like - visible mineralisation from shallow depth, very similar to Mahumo T1, eg take a look at the Mahumo Stage 1 mineral resource statement of 15 April 2015.

    "Mineralisation is very continuous at Mahumo and is dominated by chalcocite and bornite copper sulphides which extend from shallow depth (~15-25m depth) to the limit of drilling at ~500m depth. Minor malachite and chrysocolla oxide mineralisation occurs near surface between approximately 10-25m depth."

    Importantly, the two targets T2 east and west are on the same geological contact that hosts both the Mahumo and Zone 5 deposits. Remember, Mahumo is >2.4km along strike and >3-400m down dip; Zone 5 is >4.2km along strike and >1.2km down dip. Both are open along strike and down dip and contain high grade copper @ 2%. Cupric's 33 MT NE Mango deposit is also situated along the same contact. This stuff is bread and butter for Jacques Van Rensburg, having drilled this contact for most of the past 9 years.

    Pleasing to see that two have two separate exploration teams on the go, each with a dedicated geologist, soil sampling team and RC drill rig. Doubles their ability to prove up other deposits in the holdings in the short term.

    As knowledgeable posters have posted elsewhere, "best way to build a 300MT resource is finding 3x100MT resources all sitting next to each other". That is exactly what Cupric have done with Zone 5/banana zone/boseto/Zeta/Mango etc. Amazing potential here and the significance of this morning's announcement was seemingly ignored first thing. Very impressed by how quickly the share price came back today from 20% down, and finished up on the day. Hopefully not too many people were mugged by the tree shake.

    Due assays from T3 this week too - being spoiled for news now that they have built the team. Roll on tomorrow.
    Last edited by freeheel: 16/08/16
 
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