Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) has noted the successful outcomes of the 2021 field exploration programme on Cobre Limited’s Perrinvale Volcanic Hosted Massive Sulphide (VHMS) project in Western Australia.
Soil and rock chip sampling has identified 17 new areas of interest to add to five highlighted by previous sampling.
Limited magnetic surveying has also identified conductors worthy of drill testing at 3 new priority prospects.
Metal Tiger is currently interested in 16.62% of Cobre’s issued share capital, which will rise to 21% when a fundraise underway currently completes.
Separately, Michael McNeilly, Metal Tiger’s chief executive bought £16,600 worth of shares in the junior at 18.43p.