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Metal Tiger Plc
Summary
| Project: | T3 | |
|---|---|---|
| Deposit: | T3 | |
| Location: | Botswana | |
| Commodities: | Copper-Silver | |
| Date: | 7/17/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-7-2017: Metal Tiger Plc announces an Exploration/Drilling Update report for its T3 deposit at the T3 project. JV with MOD Resources - drilling results incl. 29.7m @ 1.1% Cu, 11g/t Ag from 145.3m. Metal Tiger plc (LON:MTR) the London Stock Exchange AIM | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Nick O'Reilly (Mining Analyst Consulting Ltd.) | |
| ABSTRACT: | Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update regarding the Company’s Joint Venture (“JV”) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger). Metal Tiger also holds 91,795,214 MOD shares, equivalent to 4.86% of MOD’s issued share capital and 1,541,667 MOD warrants at an exercise price of 6 cents (Australian). Activities in Botswana are conducted under the JV’s local operating company Tshukudu Metals Botswana (Pty) Ltd. (“Tshukudu”). Shareholders should note that the timing of MOD announcements are outside the control of MTR, however MTR does its utmost to announce the drill results and important updates as soon as practicable after MOD makes its announcement to the ASX. MTR are only made aware of drill results and important updates immediately prior to the MOD release. Significant widths of both Zone 1 (existing Resource) and underlying Zone 2 mineralisation were intersected in all 5 of the new Resource holes. The extended drill holes appear to show that Zone 2 merges with Zone 1 mineralisation near to the southern boundary of the Resource. Extended holes MO-G-55D and MO-G-56D intersected moderate mineralisation including 10m @ 0.6%Cu & 12g/t Ag from 194m down hole depth (hole MO-G-52D was not assayed). | |
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