Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Says that Cobre Ltd has announced that assay results from discovery hole NCP20A at the Comet Target at the Ngami Copper Project in Botswana have returned significant, high-grade copper-silver results. Metal Tiger says this demonstrates the potential for economic grades in the district. Assay results confirm visual copper mineralisation estimates, with grades averaging 1.25% copper and 17 grams per tonne of silver.
Metal Tiger holds around a 21% stake in Cobre.
Current stock price: 11.92 pence, up 5.0% in London on Monday afternoon
12-month change: down 43%
By Heather Rydings, Alliance News senior economics reporter
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