An airborne electromagnetic survey carried out over Metal Tiger PLC’s (LON:MTR) Kalahari copper-silver project in Botswana has identified more “distinctive” anomalies similar to that found at the T3 deposit.
A scoping study last year suggested the T3 deposit was host to more than 210,000 tonnes of copper and 6.65mln ounces of silver.
Metal, along with its joint venture (JV) partner MOD Resources, said the anomalies identified could be potential targets for vein-hosted mineralisation.
Full interpretation of the EM data is still ongoing to prioritise these anomalies for drill testing.
“We are delighted to report that high-resolution airborne electro-magnetic geophysics appears to be an important new tool in the JV’s copper exploration arsenal, successfully identifying a distinct geophysical anomaly consistent with the T3 Deposit,” said Metal Tiger chief executive Michael McNeilly.
“We are hopeful that AEM geophysics could now hold the key to fast tracking the localisation of further T3 Type copper/silver deposits in what is an extensive, yet highly prospective, concession portfolio.”
There was also some good news from the Botswana Department of Environmental Affairs, which has authorised the T3 environmental management plan to proceed to a four-week public review period which will start tomorrow (7 July).
“It is highly encouraging that the DEA has authorised the T3 Environmental Management Plan which is now entering a 4-week public review period,” McNeilly added.
“As the precursor for granting, should this be successful it will allow for drilling to recommence at T3 and surrounding targets.”
Shares in Metal Tiger were flat at 2p.