(Alliance News) - Metal Tiger PLC on Friday said wide zones of copper mineralisation were intersected during drilling at the Okavango copper project in Botswana.
Located in Botswana's Kalahari copper belt, Okavango is owned by Kalahari Metals Ltd - in which natural resources investor Metal Tiger has a 60% stake.
During the Okavango 2019 drill programme, a total of 1,656 metres of drilling has been completed with six holes proving the presence of the D'Kar formation and Ngwako Pan formation and the D'Kar-Ngwako Pan contact which hosts prospective copper-silver mineralisation.
Hole OCP06 intersected two wide zones, totalling 85 metre, with visible copper-sulphide mineralisation between 240 metres and 255 metres downhole depth, and between 272 metres and 342 metres downhole depth.
Wit the exception of OCP05, all holes intersected the D'Kar-Ngwako Pan contact at the modelled depth, the company said.
Metal Tiger Chief Executive Michael McNeilly said: "We are very encouraged to report the intersection of wide zones of copper mineralisation from diamond drilling at [Kalahari Metals'] Okavango copper project, on the Kalahari copper belt, in Botswana. Whilst we are still awaiting core assays the presence of trace copper sulphides, over a total interval of approximately 85 metres, may represent a mineralised halo to potentially higher-grade copper mineralisation nearby."
McNeilly also announced good news regarding exploration permission within Botswana.
"We can also report the Botswana Department of Environmental Affairs has provided authorisation to proceed with exploration activities including drilling of high priority targets on KML's Kitlanya properties. Drilling is planned to commence testing structural targets within the KIT-E area in early 2020. In the KIT-W area, encouraging findings from the recent regional soil sampling and AEM geophysics surveys, include the delineation of seven compelling targets which also warrant drill testing," the CEO said.
Shares in Metal Tiger were up 1.3% at 1.16 pence in London shortly before close on Friday.
By Anna Farley; annafarley@alliancenews.com
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