Proactive Investors - Run By Investors For Investors

Metal Tiger continues to strike copper on Botswana acreage

Metal Tiger owns 30% of Tshukudu Exploration, a joint venture which has numerous licences in the area
copper ore
Copper was visible at the two holes drilled

Metal Tiger PLC (LON:MTR) has reported visible signs of metal from first drilling on its new target in the Kalahari copper belt in Botswana.

The mining junior recently re-jigged its interest in the area by swapping a direct stake in the T3 prospect for 30% of Tshukudu Exploration, a joint venture which has numerous licences in the surrounding area.

READ: Grades at Galileo’s Star zinc project indicate upside could be greater than previously thought

MOD Resources (ASX:MOD), which is set to list in London soon, holds the remaining 70% of Tshukudu.

“Diamond drilling in the first two widely spaced holes at the T23 Dome has intersected visible copper mineralisation at very shallow depth that may be of significant potential,” said the statement.

T23 Dome is 100km west of the T3 Project and if confirmed will be the sixth significant copper mineralisation found on the joint venture licences over the last 3 years.

Michael McNeilly, Metal Tiger’s chief executive, said: “We are delighted to report the intersection of shallow copper mineralisation on the T23 Dome.

 “With drilling at the T23 Dome returning potentially significant visible copper intersections and rigs being mobilised to follow-up on the previous high-grade intersections at T4, we are looking forward to a potentially exciting new chapter of Kalahari copper discoveries.”

 

View full MTR profile View Profile

Metal Tiger Timeline

Related Articles

ASX share price gain
November 28 2018
The company spoke to its strength at its AGM this week in Sydney.
map of australia with project locations marked
October 09 2018
The East Pilbara projects are prospective for conglomerate-hosted gold.
RC drill rig on site at Gabanintha
November 08 2018
The results will feed into a global resource upgrade for the flagship project.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use