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Metal Tiger reports encouraging results from drilling and mining study at A4 Dome

“The findings provide strong support for a decision to step out the drilling to the rest of the A4 Dome prospective target area and start to work towards a A4 Dome maiden resource in early 2019," said chief executive Michael McNeilly

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The A4 Dome lies just eight kilometres from the T3 project

Metal Tiger PLC (LON:MTR) has reported positive results from the first phase of drilling and preliminary conceptual mining study at the A4 Dome in Botswana.

In 18 of the 20 holes drilled at A4 Dome, a joint venture by Metal Tiger and MOD Resources Ltd (ASX:MOD), copper mineralisation was intersected.

Drill hole intersections included significant widths and grades of both veins and Ngwako Pan Formation (NPF) contact type mineralisation.

Independent underground mining consultants, Entech Pty Ltd, carried out the preliminary conceptual underground mining study of the A4 Dome. Metal Tiger said the initial findings of the study were “very encouraging”.

READ: Metal Tiger hits more copper mineralisation at the A4 Dome in Botswana

The company expects a decision to progress the A4 Dome programme towards a potential mineral resource estimate in early 2019. 

The A4 Dome lies just eight kilometres from the T3 project, which boasts a sizeable resource.

“We are delighted to report the results of the first phase of drilling and a preliminary conceptual underground mining study on the A4 Dome, both of which indicate the potential for another significant copper resource only 8km from the planned T3 Project processing plant,” said chief executive Michael McNeilly.

“The findings provide strong support for a decision to step out the drilling to the rest of the A4 Dome prospective target area and start to work towards an A4 Dome maiden resource in early 2019. We look forward to updating shareholders on our progress in the new year.”

 

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Price: 1.325 GBX

AIM:MTR
Market: AIM
Market Cap: £20.17 m
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