MOD: Significant Visible Copper Intersected at Shallow Depth in T23 Dome

The company’s managing director said the results open up the wider potential of the extensive T20 Exploration Project.

MOD Resources (ASX:MOD) has announced what it calls potentially significant widths of visible copper mineralization at very shallow depth, from the first two widely spaced diamond core drill holes at the large T23 Dome, in the Kalahari copper belt in Botswana.

As highlighted in the press release;

  • First two holes intersect significant visible copper in T23 Dome at shallow depth
  • T23 Dome is the sixth substantial new copper find on MOD’s holdings in 3 years
  • Results confirm strategy of drilling large structural domes defined by EM and magnetics
  • Opens up wider potential of the huge T20 Exploration Project (covering ~3,350km2 )

MOD managing director, Julian Hanna said:

“The immediate success of finding copper near surface at T23 Dome confirms the prospectivity of this exciting new target. It also opens up the wider potential of the extensive T20 Exploration Project, dominated by a wide, ~60km long zone of copper and zinc soil anomalies which are as yet undrilled.

The early results from T23 Dome and previous drilling success at T4 in early 2016 suggest this could be another copper rich region, in addition to the prolific T3 region 100km to the east. MOD and our 30 percent JV partner Metal Tiger have built a very experienced team, developed an effective strategy and applied the best exploration techniques to find copper across our huge landholding along the copper belt.”

Click here to read the full MOD Resources (ASX:MOD) press release.

Torian Resources Limited Significant Gold Results from Surface at Mt Stirling

Perth, Australia (ABN Newswire) – Torian Resources Ltd (ASX:TNR) is pleased to advise that recent drilling results continue to extend the Mt Stirling Gold System over ~1.1km of Strike, ~300m at depth, and it remains open in multiple directions.

Highlights:

– The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip.

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eMetals Limited Updates Shareholders On Exploration – April 12, 2021

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HIGHLIGHTS

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Discovery Harbour Provides Newcrest’s Planned Program for Fortuity 89, Nevada

Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the “Company” or “Discovery Harbour”) is pleased to announce that Newcrest Resources Inc., a wholly owned subsidiary of Newcrest Mining Limited (“Newcrest”), has provided the details of its planned program for the Fortuity 89 epithermal gold property in Nevada.

The Fortuity 89 property covers very limited outcrop surrounded by a large covered area. The outcrop and interpreted geology are prospective for concealed low sulphidation epithermal gold mineralization below shallow unconsolidated alluvial gravels. Newcrest’s planned activities include a geophysical program encompassing a 675 line kilometre drone airborne magnetic survey, a 250 station ground gravity survey and a 45 line kilometre audio band magnetotellurics (AMT) resistivity survey. It is intended that geologic and alteration sampling and mapping will also be undertaken with a soil geochemical sampling program. The intended outcome of this program is to identify potential drill targets for testing this calendar year.

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Blackdome-Elizabeth Gold Project 2021 Exploration Plan and Update

Tempus Resources Ltd. (“Tempus” or “the Company”) (ASX:TMR)(TSXV:TMRR) is pleased to provide an update on the exploration plan for the upcoming field season at the Blackdome-Elizabeth Gold Project, located in British Columbia, Canada

The 2021 exploration program at Elizabeth and Blackdome is fully permitted and on schedule to commence at the end of Q2, 2021. The program will consist of 7,500 metres of down plunge and along strike diamond drilling at Elizabeth to expand the known gold mineralisation, in parallel with detailed alteration and mapping studies at Blackdome in support of future resource expansion drilling.

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Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

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