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Metal Tiger upbeat on progress at Logrosan venture

Mon, 12th Dec 2016 08:28

(ShareCast News) - Natural resources investing company Metal Tiger provided an update on the drilling and exploration progress at the Logrosan Minerals joint venture in Extremadura, Spain on Monday.The AIM-traded firm said the Logrosan Minerals venture was targeting gold and antimony at the Maria Project, and tungsten and gold at the Logrosan Project.It said two new significant gold targets were identified at Logrosan, with Logrosan West consisting of a 2.5km long gold anomaly within a 4km long arsenic anomaly.The other, El Seranillo East, consisted of a 1km by 500m wide arsenic anomaly, adding that infill gold analysis was ongoing but initial results from four profiles showed gold over a central 250m by 500m zone.There were four prospective gold targets within the Logrosan Project licence group to supplement the gold and antimony under investigation in the nearby Maria Project area, Metal Tiger's board said.Rotary Air Blast drilling remained on schedule, with work set down to resume in the new year.A total of 38 drill holes totalling 775m were completed during the autumn season, with 18 holes totalling 316m at the Maria Gold and Antimony Target and 20 holes totalling 459m at the Logrosán South Gold Target.Available assay results from the summer and autumn drilling included eight RAB drill holes with intersections between 1g/t Au to 3.94g/t, including 4.0m at 1.47 g/t.There were also 15 holes with intersections of between less than 1% Sb and 1.7% Sb, with the widest intersection being 7m at 1.0% Sb."The discovery of two new significant gold anomalies in the Logrosan licence group, brings the current number of qualified gold targets to four," said Metal Tiger CEO Michael McNeilly."Whilst exploration is still at an early stage and deeper drilling is clearly warranted to test mineralisation at depth, the RAB Drilling is proving to be an effective exploration tool with downhole intersections of upto 4.0m at 1.47 g/t Au and 7.0m at 1.0% Sb in the latest results from Maria."McNeilly said the company was excited by the possibility that through the application of systematic modern exploration techniques and hard work on the part of its JV field team, Metal Tiger may have identified a new gold camp in the centre of Spain."Whilst gold and antimony have historically been mined in the Maria project area the Logrosan licences have previously been known only for their phosphate, tin and tungsten.He said the addition of deep-drill ready gold targets to the two tungsten deposits outlined during 2015 added significantly to the potential of the Metal Tiger Spanish holdings."With the additional exploration potential provided by the existence of historical lead-zinc mines in the Maria licence area, and the historical phosphate mine and tin workings in the Logrosan licence group, it is clear that, with the application of modern exploration techniques, the project areas have potential for becoming a multi-commodity hub."
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14 Nov 2016 11:09

Metal Tiger notes schedule-beating progress in Botswana

(ShareCast News) - Strategic natural resources investor Metal Tiger noted the MOD Resources announcement with regard to their joint venture at the Kalahari Copper Belt in Botswana on Monday. The AIM-traded firm has a 30% stake, alongside MOD's 70% stake in the project. MOD announced that it expects

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10 Nov 2016 09:47

Metal Tiger And Greatland Gold Agree Australian Co-Operation

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28 Oct 2016 14:20

Metal Tiger says testing for extensions underway in Botswana

(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 exte

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10 Oct 2016 08:35

Metal Tiger undergoes serious restructure, announces new CEO

(ShareCast News) - Strategic natural resource investing company Metal Tiger announced an update on Monday, over its strategic plans and an associated board restructuring. The AIM-traded firm said its core strategic plan is centred around the acquisition of high potential mineral exploration and deve

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10 Oct 2016 08:26

UPDATE: Metal Tiger Progresses Review, Looks At Cost Of T3 Discovery

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4 Oct 2016 10:35

Metal Tiger shares fall on Botswana test results

(ShareCast News) - Strategic natural resources investing company Metal Tiger updated the market on Tuesday, over the exploration programme at its joint venture project with MOD Resources in the Kalahari Copper Belt in Botswana. The AIM-traded firm said preliminary metallurgical testwork results had

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22 Sep 2016 09:57

Metal Tiger Ups Stake In "Oversold" Greatland Gold (ALLISS)

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24 Aug 2016 12:08

Metal Tiger increases shareholding in Red Rock Resources

(ShareCast News) - Mineral project investor Metal Tiger has increased its shareholding in gold and iron ore explorer Red Rock Resources in a bid to capitalise on the recovering resource sector. Metal Tiger agreed to pay £100,000 to subscribe for 25m of the total 75m new ordinary shares issued by

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22 Aug 2016 13:24

Metal Tiger notes intersections at Kalahari Copper Belt

(ShareCast News) - Metal Tiger said latest drill-programme results from its Kalahari Copper Belt joint venture in Botswana continue to show wide intersections of mineralisation, up to 42m in hole MO-G-28D. Chief executive Paul Johnston said that as the drilling element of the work was almost over, a

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17 Aug 2016 15:38

Metal Tiger raises £1.1m in placing and subscription

(ShareCast News) - Strategic natural resource investor Metal Tiger advised the market on Wednesday that it has raised £1.1m through a placing and subscription of shares. The AIM-traded company said the placing and subscription of 28,571,428 new ordinary shares in Metal Tiger was at a subscription pr

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15 Aug 2016 10:41

Metal Tiger posts promising copper data from Kalahari

(ShareCast News) - Strategic natural resource opportunities investor Metal Tiger updated the market on Monday, over the regional exploration results at its joint venture project with MOD Resources in Botswana's Kalahari Copper Belt. The AIM-traded firm said T2 - the first of the new copper anomalies

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12 Aug 2016 15:50

Metal Tiger reports return of 625% on MOD Resources

(ShareCast News) - Strategic natural resources investor Metal Tiger announced an update on its investment in MOD Resources on Friday. The AIM-traded company currently holds 67,833,333 shares in the ASX-listed MOD, valued at present at AUD 3.26m based on Friday's closing price in Sydney of AUD 0.048.

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19 Jul 2016 09:43

Metal Tiger Increases Stake In Joint Venture Partner MOD Resources

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13 Jul 2016 09:37

Metal Tiger Botswana copper venture increases in potential

(ShareCast News) - Metal Tiger said the potential for its Botswana joint venture to hold copper deposits had increased further after recent drilling tests. The company said soil sampling had found copper anomalies at several target areas. Metal Tiger chief executive Paul Johnson said the company's

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13 Jul 2016 09:22

Metal Tiger Says New Copper Targets Identified At Botswana Project

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