MTR.L Share News (MTR)

(ShareCast News) - Investor in strategic natural resource opportunities Metal Tiger updated the market on Friday, with regard to the exploration programme at its joint venture project with partners MOD Resources in the Kalahari Copper Belt in Botswana.The AIM-traded firm said the potential for extensions to the T3 Resource, down-dip, at depth, is being tested by induced polarisation geophysics and deep drilling.Deep diamond drill hole, MO-T3U-02D - the second hole to test the IP chargeability anomaly - has intersected 35m interval with copper sulphides from a downhole depth of 466.4m approximately 600m down dip from the centre of the T3 Resource area.Moderate disseminated and local vein hosted mineralisation consisting chalcopyrite, chalcocite, bornite and minor native copper were intersected in several zones of the T3 Target Sequence, the board said.The T3 Target Sequence is the lithological package of rocks which host the mineralisation constituting the T3 Resource, and it added that it is currently unclear whether the intersected mineralisation is responsible for the IP chargeability anomaly.Assay results are pending along with a full geological interpretation, and further IP geophysics traverses and wide spaced diamond drilling is planned to test the potential of the T3 Target Sequence."Work at the T3 Resource project is progressing well with positive infill drilling results and the completion of a second deep diamond drill hole targeting the Induced polarisation geophysics anomaly below and down-dip of the T3 Mineral Resource," said Metal Tiger CEO Alex Borrelli."Whilst we currently await the assay grades from the deep IP hole, visual inspection confirms the presence of both disseminated and vein-hosted copper mineralisation at depth below the resource."Borrelli said further IP traverses and initial wide spaced deep drilling will help determine whether the down-dip mineralisation has the potential to provide a resource extension."In addition, the along strike extension potential will be tested by a planned programme of reverse circulation traverses designed to intersect the T3 Target Sequence over a 14km strike distance."