12 Aug 2020 07:51
Metal Tiger plc
("Metal Tiger" or the "Company")
High Grade Gold Intersections at Southern Gold Aphae Drilling
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, notes the announcement from Southern Gold Limited (“Southern Gold”), in which Metal Tiger owns a 17.1% stake, on drilling results at its Aphae project. The drilling has shown several high to moderate grade gold/silver intersections including broad near surface gold mineralisation. Southern Gold also plans to implement a follow up drilling program and ground magnetic survey to target extensions with large project scale prospectivity becoming apparent.
Summary of Southern Gold Aphae intersections:
High to moderate-grade Au-Ag intersections received including:
0.21m @ 107.5g/t Au and 166g/t Ag0.17m @ 15.9g/t Au and 23.7g/t Ag1m @ 5.07g/t Au and 13.8g/t Ag0.86m @ 5.49g/t Au and 59g/t Ag0.18m @ 5.92g/t Au and 99g/t AgBroad near surface gold mineralised breccia intersected including:
8.12m @ 1.26g/t Au and 7.8g/t Ag in APDD00140.72m @ 0.59g/t Au and 14.1g/t Ag in APDD003Southern Golds’ full announcement can be found here:
https://www.asx.com.au/asxpdf/20200812/pdf/44lf2z3cmqddng.pdf
For further information on the Company, visit: www.metaltigerplc.com
Enquiries:
Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 7099 0738 |
Mark Potter | (Chief Investment Officer) |
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Richard Tulloch James Dance Jack Botros | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
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Paul Shackleton Steve Douglas | Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 |
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Gordon Poole James Crothers Hugo Liddy | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Equity Investments and Project Investments.
Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.
Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200811005906/en/
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