(Alliance News) - Natural resources investor Metal Tiger PLC on Monday said nine holes totalling more than 2,000 metres have been drilled across two copper projects in Botswana operated by its investee Kalahari Metals Ltd.
The works were done as part of the inaugural drilling campaign conducted by Kalahari Metals Ltd, which Metal Tiger has a 60% stake in.
Metal Tiger Chief Executive Michael McNeilly said: "This is a very positive start to Kalahari's inaugural drilling campaign. We are very encouraged by the visible copper mineralisation seen in the core and look forward to testing for further mineralisation along strike.
"This bodes well for future drilling campaigns, especially at the Kit-East project which is proximal to the T3 Project. I am encouraged by the thoroughness and professionalism that goes into the geological interpretation that has allowed for such early success."
At Ngami, seven holes totalling 1,381 metres were drilled and Metal Tiger said that "fold-hinge related mineralisation" has been demonstrated at certain areas of the project.
At Okavango, two holes totalling 627 metres were drilled. The second hole included visible copper sulphide mineralisation, Metal Tiger explained.
Shares in Metal Tiger were 1.5% higher at 1.32 pence each in London on Monday afternoon.
By Eric Cunha; ericcunha@alliancenews.com
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