Metal Tiger PLC - Winchester, England-based investment company focused on natural resources sector -
Hails findings of 'significant' copper mineralisation at Ngami copper project in Botswana by Cobre Ltd, in which its holds a 21% stake. Notes positive assay results from three drill holes.
Cobre finds up to 5.6% copper and up to 39 grammes of silver per tonne at Ngami.
"The ongoing 500 metre infill drill programme has now completed drill holes NCP13 and NCP14, both of which have intersected notable copper mineralisation at the expected target depth," Metal Tiger states. Metal Tiger will now focus on completing the 500 metre spaced lateral coverage along the target.
"This phase of drilling will include eight additional diamond drill holes totalling approximately 2400 metres, and is expected to be completed by the end of October 2022," Metal Tiger says.
Current stock price: 17.30 pence
12-month change: down 23%
By Tom Budszus; tombudszus@alliancenews.com
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