Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) announced that five of the 11 holes drilled at the Botswana Kalahari Copper Belt have returned significant sulphide intersections.
The miner found hydrothermal pyrite-pyrrhotite sulphide mineralisation along with trace base metal sulphides, alteration and quartz-carbonate veining indicating the existence of an active mineralised hydrothermal system.
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Drill results show folded conductors modelled from airborne electromagnetic results is an effective targeting tool for testing potential mineralisation trap-sites in the prospective lower portions of the D’Kar Formation stratigraphy.
Further work will focus on testing for copper-silver mineralisation in trap-site targets which share similarities to discoveries on neighbouring Sandfire Resources’ licences.
The AIM-listed firm is planning a follow-up 2,400-metre diamond drilling programme.
“The 2021 drilling programme was designed to test compelling structural targets identified by the AEM geophysics, following up from previous soil sampling and stratigraphic drilling. Encouragingly, five of the eleven holes drilled have returned significant sulphide intersections within the target rock formations and alteration signatures indicative of a potential mineralising system,” said chief executive Michael McNeilly.
“The results provide important vectors towards potential trap-sites for base metal enrichment, and KML will soon commence additional drilling based on the approved increased budget.”
Metal Tiger owns 50.01% of the project, with the rest held by Cobre Limited.