RE: Morning peeps6 Aug 2018 08:17
Metal Tiger plc Botswana Copper/Silver Project A4 Dome Outstanding Drill Intersection Confirmed
Source: UK Regulatory (RNS & others)
TIDMMTR
6 August 2018
Metal Tiger Plc ("Metal Tiger" or the "Company")
Botswana Copper/Silver Project - A4 Dome Outstanding Drill Intersection Confirmed
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update regarding the Company's Joint Venture ("JV") project with partner MOD Resources Limited (ASX:MOD) ("MOD") in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
Highlights:
-- Assay results confirm outstanding copper intersection at A4 Dome,
located 8km from T3 Project:
-- Hole MO-A4-003D, down hole intersections:
-- 52m @ 1.5% Cu & 14g/t Ag from 232m, including
15.5m @ 2.9% Cu & 42g/t Ag, from 269m
4.4m @ 5.3% Cu & 90g/t Ag from 280m, and
1.9m @ 2.5% Cu & 39g/t Ag from 367m
-- Individual narrow (<1m) veins occur throughout the 52m intersection,
ranging from 7.8% Cu, up to 15.4% Cu. The highest silver assay of
476g/t Ag is associated with 15.4% Cu at the base of the 52m
intersection.
-- Mineralisation is stockwork-type, hosted in a sandstone sequence and
remains completely open at depth and along strike.
-- At the A1 Dome 26km east of the A4 Dome, the second hole (MO-A1-002D),
has intersected vein hosted bornite and is currently drilling through
visible mineralisation.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
"We are delighted to announce the outstanding assay results for hole MO-A4-003D on the A4 Dome. It is particularly exciting that the 52m intersection is reminiscent of the T3 Deposit discovery hole, back in March 2016 (52m @2% Cu and 32g/t Ag).
With a pipeline of drill targets identified from aerial electromagnetic geophysics in addition to those on the A4 Dome and A1 Dome, within the wider T3 Dome Complex, we are confident we have the potential for further T3 scale discoveries within the JV exploration holding".
This announcement coincides with an update released today by MOD which can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
A4 Dome Drilling Update
-- The circa 5km long A4 Dome is located 8km from the 60Mt T3 Pit Project
and planned processing plant.
-- The A4 Dome and the A1 Dome, together with the T3 Deposit, form part
of the 700km2 T3 Dome Complex.
-- Additional MO-A4-003D assay results are currently awaited, for a
potentially significant chalcocite zone, consisting a 6.3m interval of
vein and disseminated chalcocite and bornite mineralisation at 587m
down hole depth, at the prospective NPF conta