Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Metal Tiger considers new gold property in Spain

Metal Tiger already has a joint venture covering the Logrosán and Zorita licences in
Metal Tiger considers new gold property in Spain
Maria is enticing Metal Tiger

Metal Tiger (LON:MTR) is looking to extend its joint venture in Extremadura, Spain, by taking a stake in another prospect owned by partner MEN.

The two companies already have a joint venture covering the Logrosán and Zorita licences, but Metal Tiger now wants to shift its drill rig to MEN’s Maria gold prospect.

Under the terms of the JV, Metal Tiger has to spend US$500,000 at gold and tungsten target Logrosan for a 50% stake. Some €450,000 of this has been met but the remainder will now be focused on Maria.

A review of its progress so far in Spain has also started, Metal Tiger added. 

Paul Johnson, chief executive, said: “We are now working with Mineral Exploration Network (Finland) to consider building on our existing interests with an additional licence. 

“This licence is attractive due to the historical information we have received on the property and the results from work undertaken by MEN (Finland) in recent times. 

“It is also geographically close to our other Spanish interests and is principally gold focused. 

“By moving the drill rig to the Maria project we gather valuable exploration data and project information, which will help us during our due diligence process."

PhilW.jpg
Why Invest In Metal Tiger? Read More Here

Register here to be notified of future MTR Company articles
View full MTR profile

Metal Tiger Timeline

Related Articles

rsz_shutterstock_281805464_57c5c62339ebb.jpg
August 30 2016
Cancana Resources Corp. and its joint venture partner Ferrometals BV, said on Tuesday that it had increased production capacity at Brazil Manganese Corp
Tesla,_electric_car,_battery,_Lithium.png
June 02 2016
Graphite is used in a number of electronic components
Ukulanda-silver-lead-ore.png
August 05 2016
NQ Minerals anticipates early cashflow from high margin silver stockpiles

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.