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Metal Tiger PLC reveals encouraging results from Botswana project

AIM quoted Metal Tiger has a 30% stake in the venture alongside partner MOD Resources. Together they are exploring an area of the Kalahari copper belt in Botswana.
Metal Tiger PLC reveals encouraging results from Botswana project
Multiple drilling rigs now engaged on the property, Johnson said.

Metal Tiger plc (LON:MTR) has highlighted what it described as further encouraging assay results from the ongoing drilling programme in the Kalahari copper belt in Botswana.

Drill hole MO-G-11R, the second hole in the Target 3 (T3) area, unearthed 14 metres of mineralisation with a grade of 1.97% copper, which included 7 metres with 2.9% copper.

The AIM quoted group has a 30% stake in the venture alongside partner MOD Resources (ASX:MOD).

“We are fortunate to have secured a significant position alongside MOD in what is potentially a significant opportunity,” said chief executive Paul Johnson.

“As previously advised the nature and tenor of mineralisation is very interesting and we are rapidly gathering data to better understand and assess the geology.”

Johnson described it as “exciting times” for Metal Tiger and partner MOD Resources, and highlighted that more results were expected in the near term.

He added: “Let me assure investors that the technical teams involved with Botswana are very enthused by the exploration findings to date. 

“MOD is gearing up operationally and there are multiple drilling rigs now engaged on the property.”

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Metal Tiger Timeline

Newswire
October 01 2018

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