The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Metal Tiger says Kalahari Metals approves drilling programme

Tue, 20th Apr 2021 06:54

Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Says joint venture board of Botswana copper explorer Kalahari Metals Ltd has approved a "major" new 7,000 metres drilling programme. Notes programme is focused on "compelling conductive geophysics and structural targets" that are considered prospective for the discovery of copper and silver deposits on the Kalahari copper belt. Says the Kalahari technical team has received additional members experienced in sediment-hosted copper and drill programme management as the project moves into the next stage of exploration.

"We are hopeful that the hard work and diligent studies that the KML technical team have put into the exploration and drill targeting to date will bear fruit," says Metal Tiger Chief Executive Michael McNeilly.

Metal Tiger also notes Southern Gold Ltd's soil sampling results at its Deoken project in South Korea, which "significantly" extended the gold and silver mineralisation zone by at least one kilometre in strike length. Notes drill programme is planned to commence in late April.

Current stock price: 20.50 pence, up 3.8% on Tuesday

Year-to-date change: down 12%

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Related Shares

More News
17 Mar 2023 20:53

TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Augmentum Fintech and Tap Global on Monday, ...

8 Mar 2023 13:46

Metal Tiger portfolio company applies for Korean exploration licenses

(Alliance News) - Metal Tiger PLC on Wednesday said its portfolio company Southern Gold Ltd has applied for new exploration licenses for two areas of ...

2 Mar 2023 20:43

IN BRIEF: Metal Tiger to delist from AIM, to maintain trading on ASX

Metal Tiger PLC - investor in natural resources opportunities - Says it is in the best interest of the company and its shareholders to proceed with th...

2 Mar 2023 11:14

AIM WINNERS & LOSERS: Metal Tiger goes into the Strata but out of AIM

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

28 Feb 2023 14:47

TRADING UPDATES: Abingdon Health optimistic; Chamberlin expects growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.