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Metal Tiger’s Botswana exploration intersects more high copper grades

Published: 09:08 15 Jun 2016 BST

a map of Botswana, where Metal Tiger's copper/ silver project is situated
Metal Tiger owns 30% of the project which is located in northern Botswana

Metal Tiger PLC (LON:MTR) has confirmed a new anomaly at its project in the Kalahari Copper Belt in Botswana.

Partner MOD Resources identified  3km of potential copper/zinc mineralisation through soil samples 3.5km north of current drilling and will now follow up with a shallow exploration programme.

Latest assays from the Target 3 (T3) resource area, meanwhile, all intersected zones of more than 1% copper mineralisation.

Hole MO-G-04D had an intersection of 12.08m at 1.29% copper (Cu) and 26.7 parts per million (ppm) of silver (Ag) at a depth of 182m.

MO-G-05D yielded an intersection of 34.85m at 1% Cu and 14ppm of Ag from a depth of 161m.

The third and final hole, MO-G-06D, saw the best grades, but over a relatively narrow 6m intersection, of 1.87% Cu and 37.9ppm of Ag from a depth of 177m.

“I am pleased to report further positive results from the exploration programme at T3,” said chief executive Paul Johnson.

“The JV (joint venture) has tested only a small portion of the potential around T3 and there is further opportunity to identify additional mineralisation around the existing drill tested areas.”

MOD has also brought in a third diamond drill rig to help fast track the resource drilling programme.

The company says it is still on track to complete the maiden resource estimate for T3 in the next quarter.

Metal Tiger owns 30% of the project in northern Botswana, with Aussie-listed MOD Resources (ASX:MOD) owning the remaining 70%.

Shares in Metal Tiger were up 0.1p, or 3%, to 3.37p.

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