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Metal Tiger reports encouraging copper showings from T3 satellite

Ten holes in the core of the A4 Dome showed visible mineralisation with three indicating copper at grades above 2%

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A4 Dome is 8km from the T3 deposit

Metal Tiger PLC (LON:MTR) has confirmed copper intersections from a potential satellite to the T3 project in Botswana.

Best of the assays from the A4 Dome, which is 8km from T3, indicated copper over a width of 42.9m from a depth of 258m. Ten holes in the core of the A4 Dome showed visible mineralisation with three indicating copper at grades above 2%.

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Drilling at A4 Dome has concentrated on a 1,600m long by 800m wide zone in the centre of the dome, the “Target Zone”, initially using 200m by 200m drill spacing.

Other targets are also being drilled 1 km west of the Target Zone.

Michael McNeilly, chief executive, said the drilling continues to build out the copper mineralisation within the target area.

Though still early, the size and tenor of the target outlined thus far was encouraging, he added, and the proximity of the planned T3 Processing Plant makes the prospect of delineating a new satellite deposit ‘even more compelling’.

The A4 Dome and the A1 Dome, together with the T3 Deposit, form part of the 700 sq km T3 Dome Complex.

Metal Tiger recently re-jigged its Kalahari Copper Belt holdings, with ASX-listed partner MOD now holding 100% of the T3 deposit while the surrounding licences remain in a 70/30 joint venture.

MOD holds the majority stake in the joint venture.

 

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Price: 1.33 GBX

AIM:MTR
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