MTR.L Share News (MTR)

(Sharecast News) - Strategic natural resources investor Metal Tiger updated the market on the infill drilling results at the T3 Copper Project in the Kalahari Copper Belt, Botswana, held 100% by MOD Resources.The AIM-traded firm currently held around 10.48% of the issued share capital of MOD.It explained that an approximate 60-hole infill drilling programme began at T3 during January, with the drilling within the boundaries of the first two stages of the proposed T3 open pit, with the objective of upgrading early production into the higher confidence, JORC-compliant measured resource category.To date, 25 holes had been completed utilising up to three drill rigs, with assay results being received for 11 holes.The remaining 35 infill drill holes were expected to be completed by the end of the first half of 2019.It was anticipated that the infill drilling programme would be completed after both the proposed T3 open pit ore reserve and the feasibility study, both of which remained on track for completion by the end of March."We are pleased to report the significant infill drilling intersections from MOD's T3 project in Botswana," said Metal Tiger chief executive officer Michael McNeilly."The infill drilling programme is expected to allow a significant portion of the mineral resource to be categorised as measured, with these initial results also providing the prospect of increasing the current open pit resource."McNeilly said the "standout" downhole intersections included 31.5 metres at 2% copper from 86 metres, including 10 metres at 4.7% copper from 105 metres, in hole MO-G-188D."Based on MOD's current projections the T3 feasibility study is expected to be completed by the end of March 2019, with the infill programme completing mid-year."