Sign up USA
Proactive Investors - Run By Investors For Investors

Metal Tiger reveals results from Botswana exploration

"The joint venture partners are making tremendous progress with the exploration campaign and we now have multiple drilling rigs active on the ground,” said chief executive Paul Johnson.
Metal Tiger reveals results from Botswana exploration
“Exploration drilling is a key test of a project's potential"

Metal Tiger plc (LON:MTR) chief executive Paul Johnson has told investors that the company’s understanding of the ‘subsurface’ at its joint venture project in the Kalahari Copper Belt, in Botswana, is building through drilling operations.

"The joint venture partners are making tremendous progress with the exploration campaign and we now have multiple drilling rigs active on the ground,” Johnson said.

New drill results were released this morning.

A second batch of assays from a reverse circulation drill programme includes data from the T3 or Target 3 prospect area.

Drill hole MO-G-12R, which is the third to be drilled on T3, cut 52 metres of mineralisation with a copper grade of 2% from a depth of 78 metres. It included 14 metres at a higher grade of 3.4% copper and 72.7 grams per tonne silver.

The best single sample from the hole measured 1 metre with 6.9% copper and 156 g/t silver..

Additionally, MO-G-13R encountered 3 zones of mineralisation, with a composite 53 metres with 1.11% copper.

So far a total of nine RC drill holes have been completed.

“Exploration drilling is a key test of a project's potential and so far we have been delighted with the exceptional results encountered.  Should this drilling success continue, we believe that the joint venture partners will have a very valuable opportunity,” Johnson added.

“Investors can expect a regular stream of news from Botswana over the coming weeks and months."

Johnson also highlighted that Metal Tiger’s ‘qualified person’ - Nick O'Reilly - is currently onsite reviewing the drilling and sampling procedures and the reverse circulation and diamond core drilling programmes. The exploration work has been found to comply with industry best practice and is being conducted in an organised and efficient manner, Johnson said.

Metal Tiger has a 30% stake in the Botswana venture alongside partner MOD Resources.

View full MTR profile View Profile

Metal Tiger Timeline

Related Articles

1528370432_cobalt-on-periodic-table.jpg
June 07 2018
Primary Cobalt Corp is a project generator in growth mode
coal price rise sign
June 12 2018
City firm Peel Hunt has moved its recommendation to 'buy' from 'add'
1529153638_drillingatcentral03.1024x0.jpg
June 16 2018
The company aims to begin drilling in summer 2018.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use