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Metal Tiger gets the go-ahead to drill at the T20 Dome Complex in Botswana

Drilling is likely to get underway in the fourth quarter

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T20 is highly prospective for copper

Metal Tiger PLC (LON:MTR) has been granted approval from the Department of Environmental Affairs in Botswana for its environmental management plan relating to drilling part of the T20 Dome Complex, which is highly prospective for copper.

Metal Tiger holds its interest in T20 in a joint venture with MOD Resources Ltd (ASX:MOD).

WATCH: Metal Tiger PLC raises funds as Botswana project continu es to impress

The environmental management plan covers drilling within 700 square kilometres in the northern part of the T20 Dome Complex, approximately 80 kilometres west of the T3 Dome Complex, where the joint venture partners are developing a mine.

Diamond core drilling at T20 is likely to start in the fourth quarter of 2018, subject to a four-week public review period starting 21 September 2018.

“We are very pleased to announce the receipt of the Environmental Management Plan approval for the planned drill programme within the A20 Dome Complex,” said chief executive Michael McNeilly.

“Subject to a statutory four-week public review period, this approval will allow for diamond drilling to commence over the T4 Prospect, a strong copper anomaly, where previous RC drilling in early 2016 intersected shallow high-grade copper and silver mineralisation, only superseded by the discovery of T3. We are excited at the prospect that T4 and the wider T20 Dome Complex will yield further high-grade intersections and are eager to apply the team’s technical knowledge to the discovery of further copper deposits in this part of the emerging copper belt.”

 

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Price: 1.32 GBX

AIM:MTR
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Market Cap: £20.17 m
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