Metal Tiger PLC's (AIM:MTR, OTC:MRTTF, ASX:MTR) Kalahari Metal joint venture has defined more drilling targets at the Endurance prospect at Kitlanya East, one of its assets on the Kalahari Copper Belt in Botswana.
Kalahari Metal, jointly owned by Metal Tiger and ASX-listed Cobre, said 34 high priority drill holes had been identified with an initial 14 (approximately 4,000 metres) prioritised for the next phase of drilling.
The aim is to discover a new major copper and silver deposit, said the statement.
Michael McNeilly, Metal Tiger’s chief executive, added the new targets were identified in the follow-up work to last year’s drilling at Endurance.
“The drill results provided several intersections displaying signs of encouraging alteration and intense veining with accompanying visible trace Cu [copper], Pb [lead] and Zn [zinc] mineralisation all considered important vectors to mineralisation.
“Based on drill results to date an expanded programme has been designed to test multiple targets on the Endurance Prospect as the proposed next step in the systematic exploration methodology aimed at discovering the next Cu-Ag [copper-silver] deposit in the KCB.”
Metal Tiger holds a 49% equity interest in KML with Cobre's stake 51%.