Drilling on Metal Tiger PLC’s (LON:MTR) copper joint venture in Botswana has intersected new zones of visible copper mineralisation 300 metres west and northeast of the planned pit.
In all, copper mineralisation now extends over a strike length of 1.5 kilometres and remains open.
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Operator MOD Resources (ASX:MOD) is continuing with work, with seven drill rigs now turning and diamond core drilling progressing well.
An ongoing prefeasibility study is now modelling a 2.5mln tonnes per year processing operation, up 25% on the numbers envisaged in the scoping study.
Excellent metallurgical testwork results received.
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“Since drilling recommenced in August, the Tshukudu team have completed over 6,100 metres of drilling with a total of 19 diamond holes completed or in progress,” said Michael McNeilly, chief executive of Metal Tiger.
“Very excitingly, 50m wide zones of visible copper mineralisation have been logged in core from four holes drilled along strike from the current T3 Mineral Resource. We eagerly await the assay results from these holes, and other holes, which point to the potential for major strike and down-dip extensions to the current Resource.”