MOD finds copper deposits

Australian Stock Exchange listed explorer, MOD Resources is expecting their shares to trade higher after a review of earlier drilling identified two zones of high grade copper sulphide and silver mineralisation at shallow depth at its Mahumo Deposit in the central district of Botswana.

The Mahumo Deposit is 2.5 kilometres long so there may be some scale to the project. The company said in a statement that the work on the prospect could signal up to 25 kilometres of the copper prospective contact may have been folded into a structurally favourable site.

The review of the results was identified after applying a 1.5 percent copper cut-off to numerous previous diamond drill hole intersections. 

The new interpretation suggests potential exists for the two zones to be joined below the shallower ‘Central Zone’. 
 Botswana currently has three operating copper mines with the next one expected to be opened in Gantsi in 2017.

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