Recent exploration work undertaken by Kalahari Metals, a company 34%-owned by Metal Tiger PLC (LON:MTR), on the Kitlanya joint venture project has satisfied the first earn in condition and will allow it to take a 25% stake.
The results from soil sampling and the reinterpretation of historic data indicate compelling new targets for follow-up in both Kitlanya West and Kitlanya East.
Further drill targets have also been identified at the Ngami copper project.
“The results from recently completed soil sampling and re-interpretation of historical data over the Kitlanya Project has provided compelling targets for drill testing,” said Michael McNeilly, chief executive of Metal Tiger.
“We are actively reviewing KML’s proposed diamond and reverse circulation drilling targets as they relate to this additional interpretation and hope to be able to drill targets at Ngami in the near future as well as define drill targets at Kitlanya West and Kitlanya East.”