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Metal Tiger highlights drilling success from Kalahari Metals in Botswana

Metal Tiger has a track record of value creation in Botswana

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Copper demand is in demand for construction and electrical applications

Kalahari Metals Ltd, a company in which Metal Tiger Plc (LON:MTR) holds a 59.8% interest, has identified veinlet and disseminated sulphide copper mineralisation in drilling on its licences in Botswana.

To date, nine drill holes totalling 2,008 metres have been completed across two projects, Ngami and Okavango.

"This is a very positive start to KML's inaugural drilling campaign, and we are delighted that the airborne geophysics modelling and the technical team's iterative interpretation of this in conjunction with magnetics and other factors is proving a reliable methodology,” said Metal Tiger chief executive Michael McNeilly.

“We are very encouraged by the visible copper mineralisation seen in the core and look forward to testing for further mineralisation along strike. This bodes well for future drilling campaigns, especially at the Kit-East project which is proximal to the T3 project.

“I am encouraged by the thoroughness and professionalism that goes into the geological interpretation that has allowed for such early success."

 

Quick facts: Metal Tiger Plc

Price: 1.2 GBX

AIM:MTR
Market: AIM
Market Cap: £18.71 m
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Investor Update: Metal Tiger 'encouraged' by wide zones of copper...

Headlines from the Proactive UK newsroom. Metal Tiger (LON:MTR) has reported visible wide zones of copper mineralisation from exploration at Okavango in Botswana. The cores have yet to be analysed but the junior said the presence of trace copper sulphides over a total interval of...

2 days, 22 hours ago

2 min read