@Adamcz Thanks and well done for tracking that down. Looking...

First 5 Last

Share
Profile

Follow
BrassTacks1

699 Posts.

133

09/05/17

13:13

Post #: 24568752
Share

Originally posted by Adamcz ↑

Wasn't very informative.. Managed to track a copy down

I was more interested in the comment
"During the quarter, MOD advanced discussions with a potential acquirer of MOD's interest in Sams Creek. An updated on a potential transaction is expected to be announced during the June quarter"

5/5/2017 — Gold
MOD ponders high grade zones at Sams Creek

MOD Resources Ltd (ASX: MOD) may still have the Sams Creek gold project near Takaka on New Zealand’s South Island on ice, but it is still pondering the potential for selective underground mining.
The company, which owns Sams Creek 80% in partnership with original owner OceanaGold Corporation (TSX & ASX: OGC), halted exploration more than two years ago as a result of its then tight capital position and the growing focus on its copper-silver deposits in the Kalahari Copper Belt of Botswana.
The brief reference to Sams Creek in the March quarter report highlighted that in September, 2015 the company highlighted a review of high grade mineralisation within the high-country deposit that showed high grade mineralisation at a 2 grams/tonne gold cut0off grade. This was based on 58 drill hole intersections within the resource which embraces an estimate of slightly more than 1 million oz.
“Gold mineralisation at Sams Creek is contained within a porphyry dyke up to 35 metres wide in the Main Zone deposit.
“The dyke can be traced 6 km along strike within the Sams Creek permit and extends into the 100% owned Barrons Flat permit area, which directly adjoins Sams Creek.
“It should be noted that the Sams Creek porphyry dyke does not always contain gold mineralisation,” MOD added.
The company has had whole or part of its equity for sale for more than a year.
The prime focus of the quarter report was the T3 prospect held 70% by MOD with the balance held by London-listed Metal Tiger plc

Expand

@Adamcz Thanks and well done for tracking that down. Looking forward to that expected update in the 'June quarter'

MOD Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 5 Last

Add MOD (ASX) to my watchlist

@Adamcz Thanks and well done for tracking that down. Looking...

Top Stories

Sales growth pushes Lovisa's fortunes (and shares) upwards

Scientific conference spotlights PYC's work on blindness disease treatment

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing