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Metal Tiger shares advance on record high grade assay from T3 copper project

One hole in the final batch of assays had hit 18 metres (m) at 4.3% copper and 94 g/t (grams per ton) silver from 146m
copper wires
The T3 site is a copper project

Shares in Metal Tiger PLC (LON:MTR) advanced in London in early deals as it updated on its Botswana copper joint venture, saying the highest grade to date had been hit at the T3 project.

Its partner MOD Resources (ASX:MOD), which has 70% of the project, revealed one hole in the final batch of assays had hit 18 metres (m) at 4.3% copper and 94 g/t (grams per ton) silver from 146m.

READ: Metal Tiger refutes Kingsgate claims as vote nears

Other highlight results were 1.7 metres (m) at a grade of 4.8% copper and 81g/t silver from 175m.

"These wide high-grade copper intercepts bode well for the expected Phase 2 mineral resource upgrade expected later this month and the deeper intersections continue to support the prospect of an underground mining target below the planned T3 Open pit," said Michael McNeilly, chief executive of Metal Tiger.

He added that drilling at the site starts again next week with eight rigs turning as T3 continues to be tested along strike.

The T3 project, discovered in March 2016, lies on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver project.

READ: Metal Tiger reports 'significant step' towards IPO of Thai mining joint venture

The current phase of drilling started in August last year, with approval granted for both diamond core (DC) and reverse circulation (RC) drilling at the T3 Project and its vicinity, through to December 2018.

Metal Tiger shares advanced 3.33% to 2.325p in London.

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October 01 2018

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