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Metal Tiger PLC (MTR)
banjomick
- 10 May 2016 16:21
Metal Tiger's mission is to deliver a high return for shareholders by investing in significantly undervalued and/or highly prospective opportunities in the mineral exploration and development sector timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.
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MTR Website & All The NEWS
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12th Mar 2018 Additional Investment into MOD Resources Limited
01st Mar 2018 Directorate change
27th Feb 2018 Investment in Connemara
22nd Nov 2017 Submission of Members Statement to Kingsgate
24th Aug 2017 Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded
VIDEO/AUDIO/PRESENTATIONS
EVENTS
21st Apr 2018 UK Investor Show 21st April 2018
SOCIAL MEDIA
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twitter-MOD Resources Ltd
banjomick
- 09 Aug 2016 21:15
- 116 of 474
Metal Tiger launches Australian subsidiary
15:39 09 Aug 2016
Metal Tiger Australia Pty Limited (MTA) will be based in Perth and initially have three directors
Resource investor Metal Tiger plc (LON:MTR) has launched an Ausstralian subsidiary to deal with technical services across the group.
Metal Tiger Australia Pty Limited (MTA) will be based in Perth and initially have three directors - chief financial officer Keith Springall, chairman Terry Grammer and a proposed chief technical officer, whose appointment will be announced shortly;
The focus will be on the group's key business developments within its Botswanan, Spanish and Thai investing activities.
Metal's chief executive Paul Johnson said: "The Metal Tiger business model is growing and now has interests ranging from early stage exploration to advanced exploration and to mine development.
"The Metal Tiger Asset Trading division has an expanding list of investments across resource companies at various stages of development."
He added: "Creating and housing this internal technical unit in Perth, Australia, is significant, being the centre of geological and mine development knowledge, particularly for African and Asian opportunities.
"In addition the technical unit is well placed to assess new opportunities in Australia, and notably Western Australia, which is an area where the MTA team have substantial experience."
Giles Gwinnett
15:39 09 Aug 2016
Metal Tiger Australia Pty Limited (MTA) will be based in Perth and initially have three directors
Resource investor Metal Tiger plc (LON:MTR) has launched an Ausstralian subsidiary to deal with technical services across the group.
Metal Tiger Australia Pty Limited (MTA) will be based in Perth and initially have three directors - chief financial officer Keith Springall, chairman Terry Grammer and a proposed chief technical officer, whose appointment will be announced shortly;
The focus will be on the group's key business developments within its Botswanan, Spanish and Thai investing activities.
Metal's chief executive Paul Johnson said: "The Metal Tiger business model is growing and now has interests ranging from early stage exploration to advanced exploration and to mine development.
"The Metal Tiger Asset Trading division has an expanding list of investments across resource companies at various stages of development."
He added: "Creating and housing this internal technical unit in Perth, Australia, is significant, being the centre of geological and mine development knowledge, particularly for African and Asian opportunities.
"In addition the technical unit is well placed to assess new opportunities in Australia, and notably Western Australia, which is an area where the MTA team have substantial experience."
Giles Gwinnett
banjomick
- 11 Aug 2016 09:44
- 117 of 474
Link to MTA website in development:
banjomick
- 12 Aug 2016 14:05
- 118 of 474
MOD Resources Investment Update
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an update with regard the Companys investment in MOD Resources (ASX:MOD).
Highlights:
• Metal Tiger currently holds 67,833,333 MOD shares valued at present at A$3,256,000 (circa 1,930,000) at todays ASX closing price of A$0.048;
• Metal Tiger also holds 29,166,666 warrants with an exercise price of A$0.01 (expiry 1.5.18) and 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19);
• Metal Tigers paper margin at present on in-the-money warrants amounts to A$1,108,333 (approximately 657,000);
• The total value of Metal Tigers equity holdings in MOD, together with the paper margin on warrants is approximately 2,587,000 against an original total acquisition cost of circa 313,000;
• Metal Tigers is therefore currently showing a paper gain of 2,274,000 on its investment, representing a return of circa 625% to date;
• Metal Tiger also holds a 30% interest in 14 licences in the Kalahari Copper Belt in Botswana, in Joint Venture with MOD Resources;
• The Joint Venture is currently in an active exploration phase in Botswana with assay results and general exploration updates now being provided to market on a regular basis;
• The project activities include resource drilling to enable the quantification of a maiden resource at the T3 project in the near term.
Paul Johnson Chief Executive Officer of Metal Tiger commented: We are pleased to confirm the valuation uplift in our holding in MOD Resources. The uplift in MOD Resources share price has been achieved through market recognition of the significant copper/silver discovery in Botswana announced earlier this year and the substantial flow of positive exploration data that has been published to the market thereafter.
The smooth operations now underway are delivering a regular feed of exploration data to market and Metal Tiger is grateful to MOD resources for their exceptional effort in building a ground operations team so expeditiously following the initial discovery.
The increasing valuation of MOD Resources adds considerably to the value of the Companys equity and warrant portfolio and has materially increased the working capital of Metal Tiger.
More importantly however, Metal Tigers 30% direct interest in the 14 licence portfolio where the T3 discovery was made, is an increasingly valuable part of our business and we look forward to further progress as the Joint Venture builds its activities in Botswana.
We anticipate further market updates in respect of Botswanan exploration progress in the near term.
Metal Tiger - MOD Resources Investment Summary
On 13 January 2016 Metal Tiger announced that it had invested A$350,000 to acquire 58,333,333 MOD shares at a price of A$0.006 per share and was also granted 29,166,666 ASX-listed options with an exercise price of A$0.01 each and an expiry date of 1 May 2018.
Metal Tiger also announced on 20 April 2016 that it had invested a further A$99,999.99 to acquire an additional 3,333,333 MOD shares at AS0.03 per share to maintain its proportionate holding in MOD Resources.
On 19 July 2016 Metal Tiger announced that it had invested A$148,000.01 in the MOD rights issue to acquire an additional 6,166,667 new MOD shares and was granted 1,541,667 unlisted options with an exercise price of A$0.06 each and an expiry date of 15 April 2019.
http://www.moneyam.com/action/news/showArticle?id=5397484
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an update with regard the Companys investment in MOD Resources (ASX:MOD).
Highlights:
• Metal Tiger currently holds 67,833,333 MOD shares valued at present at A$3,256,000 (circa 1,930,000) at todays ASX closing price of A$0.048;
• Metal Tiger also holds 29,166,666 warrants with an exercise price of A$0.01 (expiry 1.5.18) and 1,541,667 warrants with an exercise price of $A0.06 (expiry 15.4.19);
• Metal Tigers paper margin at present on in-the-money warrants amounts to A$1,108,333 (approximately 657,000);
• The total value of Metal Tigers equity holdings in MOD, together with the paper margin on warrants is approximately 2,587,000 against an original total acquisition cost of circa 313,000;
• Metal Tigers is therefore currently showing a paper gain of 2,274,000 on its investment, representing a return of circa 625% to date;
• Metal Tiger also holds a 30% interest in 14 licences in the Kalahari Copper Belt in Botswana, in Joint Venture with MOD Resources;
• The Joint Venture is currently in an active exploration phase in Botswana with assay results and general exploration updates now being provided to market on a regular basis;
• The project activities include resource drilling to enable the quantification of a maiden resource at the T3 project in the near term.
Paul Johnson Chief Executive Officer of Metal Tiger commented: We are pleased to confirm the valuation uplift in our holding in MOD Resources. The uplift in MOD Resources share price has been achieved through market recognition of the significant copper/silver discovery in Botswana announced earlier this year and the substantial flow of positive exploration data that has been published to the market thereafter.
The smooth operations now underway are delivering a regular feed of exploration data to market and Metal Tiger is grateful to MOD resources for their exceptional effort in building a ground operations team so expeditiously following the initial discovery.
The increasing valuation of MOD Resources adds considerably to the value of the Companys equity and warrant portfolio and has materially increased the working capital of Metal Tiger.
More importantly however, Metal Tigers 30% direct interest in the 14 licence portfolio where the T3 discovery was made, is an increasingly valuable part of our business and we look forward to further progress as the Joint Venture builds its activities in Botswana.
We anticipate further market updates in respect of Botswanan exploration progress in the near term.
Metal Tiger - MOD Resources Investment Summary
On 13 January 2016 Metal Tiger announced that it had invested A$350,000 to acquire 58,333,333 MOD shares at a price of A$0.006 per share and was also granted 29,166,666 ASX-listed options with an exercise price of A$0.01 each and an expiry date of 1 May 2018.
Metal Tiger also announced on 20 April 2016 that it had invested a further A$99,999.99 to acquire an additional 3,333,333 MOD shares at AS0.03 per share to maintain its proportionate holding in MOD Resources.
On 19 July 2016 Metal Tiger announced that it had invested A$148,000.01 in the MOD rights issue to acquire an additional 6,166,667 new MOD shares and was granted 1,541,667 unlisted options with an exercise price of A$0.06 each and an expiry date of 15 April 2019.
http://www.moneyam.com/action/news/showArticle?id=5397484
banjomick
- 12 Aug 2016 16:22
- 119 of 474
Metal Tiger boosted by uplift in value of MOD resources stake
16:02 12 Aug 2016
Metal Tiger saw shares lift over 6% as it revealed the value of its stake in Australian partner MOD Resources had increased.
Resource investor Metal Tiger plc (LON:MTR) saw shares lift over 6% as it revealed the value of its stake in Australian partner MOD (ASX:MOD) Resources (ASX:MOD) had increased.
The pair are currently exploring in a joint venture on the Kalahari copper belt in Botswana.
The total value of Metal Tiger’s holdings in MOD, together with the paper margin on warrants is around £2.587 mln against an original total acquisition cost of around £313,000 - showing a paper gain of around 625%.
Chief executive Paul Johnson said: “We are pleased to confirm the valuation uplift in our holding in MOD Resources.
"The uplift in MOD Resources’ share price has been achieved through market recognition of the significant copper/silver discovery in Botswana announced earlier this year and the substantial flow of positive exploration data that has been published to the market thereafter."
Metal Tiger also holds a 30% interest in 14 licences in the Kalahari Copper Belt in Botswana, in joint venture with MOD Resources.
It was here that the significant T3 target was discovered, which is an increasingly valuable part of Metal's business and the group is looking forward to further progress as the venture builds its activities in Botswana.
Giles Gwinnett
16:02 12 Aug 2016
Metal Tiger saw shares lift over 6% as it revealed the value of its stake in Australian partner MOD Resources had increased.
Resource investor Metal Tiger plc (LON:MTR) saw shares lift over 6% as it revealed the value of its stake in Australian partner MOD (ASX:MOD) Resources (ASX:MOD) had increased.
The pair are currently exploring in a joint venture on the Kalahari copper belt in Botswana.
The total value of Metal Tiger’s holdings in MOD, together with the paper margin on warrants is around £2.587 mln against an original total acquisition cost of around £313,000 - showing a paper gain of around 625%.
Chief executive Paul Johnson said: “We are pleased to confirm the valuation uplift in our holding in MOD Resources.
"The uplift in MOD Resources’ share price has been achieved through market recognition of the significant copper/silver discovery in Botswana announced earlier this year and the substantial flow of positive exploration data that has been published to the market thereafter."
Metal Tiger also holds a 30% interest in 14 licences in the Kalahari Copper Belt in Botswana, in joint venture with MOD Resources.
It was here that the significant T3 target was discovered, which is an increasingly valuable part of Metal's business and the group is looking forward to further progress as the venture builds its activities in Botswana.
Giles Gwinnett
geoffsh - 13 Aug 2016 15:49 - 120 of 474
Looks promising for Thailand news next week.
PJ on his way to Bangkok!
Tweet from PJ 2hours ago
Follow
paul johnson
@pauljohnson9691
Bye bye Anglesey! Next stop Manchester and then BKK!!
PJ on his way to Bangkok!
Tweet from PJ 2hours ago
Follow
paul johnson
@pauljohnson9691
Bye bye Anglesey! Next stop Manchester and then BKK!!
banjomick
- 15 Aug 2016 08:32
- 121 of 474
Metal Tiger Plc
Botswana RC Drilling Intersects Copper at T2
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to regional exploration results at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
Details of Technical highlights in respect of the initial drilling findings at the regional target T2 are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the exploration work being undertaken. This announcement can be viewed through the following link.
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented
I am delighted to report the confirmation of new copper mineralisation at T2 West following drill testing of the soil sampling anomalies we reported on 13 July 2016. Given the tenor of the soil copper anomalies at T2 East and T2 West, at over three times higher than the 28ppm Cu anomalies that led to the discovery of T3, we had expected the drilling to show copper mineralisation. However, given the shallow depth of that mineralisation, and apparently significant mineralised intersections, we especially look forward to receiving the assay data in order to establish actual intersection grades and widths. In the meantime, we are also excited by the prospect of further copper intersections, down-dip and along strike at T2 West
Highlights:
Reverse Circulation Drilling at T2
• T2 the first of the new copper anomalies identified by regional soil geochemistry sampling, has confirmed copper mineralisation in the first two reverse circulation (RC) holes drilled at T2 West, located 20km north of the T3 Resource Drilling area. T2 is the first new JV target to be drilled since the discovery of T3 in March 2016.
• MO-G-52R and MO-G-53R are the first two holes in an initial programme of target test drilling which commenced on 10 August. Both holes intersected copper oxide and sulphide minerals at shallow depth.
• MO-G-52R intersected 15m of visible copper oxide and sulphide mineralisation from 55m downhole.
• MO-G-53R intersected 10m of visible copper oxide and sulphide mineralisation from 8m downhole.
• Visual logging of drill chips has identified the copper minerals chysocolla, malachite, chalcocite and bornite. The drill samples will now be assayed and the results reported in due course.
• With the positive visual copper intersections in these two holes, drilling is continuing down dip of MO-G-52R and will then continue along strike to the east, initially on 250m spaced sections. Where results deem appropriate the RC drilling will be followed up by diamond drilling. This regional target drilling is in addition to the ongoing resource drilling programme at T3.
• T2 currently consists two strong copper in soil anomalies spaced approximately 12km apart;
• T2-West has consistently high copper values up to 87ppm Cu over a circa 1.5km wide zone;
• T2-East has consistently high copper values up to 83ppm Cu over a circa 1.5km wide zone.
• T2-West is located 20km north of T3 and 3.5km west of MODs 100% owned high-grade Mahumo copper/silver deposit (T1); and T2-East is 25km north of T3 and 5.5km east of Mahumo (T1). Both T2 anomalies are interpreted from magnetic geophysics survey data, to be associated with folding of the prospective Mahumo geological contact and are located directly along strike from the Mahumo deposit.
• There is no outcrop and minimal previous drilling on MOD/MTR licences, which cover the 20km wide structural zone interpreted from magnetics between the T3 Dome and mineralised T1/T2 contact.
Regional Exploration Programme
The Regional Exploration Programme, consists an initial 6-month work schedule being conducted by two teams, each with a dedicated geologist and soil sampling crew, and two dedicated RC drilling rigs to test soil sampling and induced polarisation (IP) geophysics anomalies which are identified.
One RC rig is currently employed at T2 West as outlined above, whilst the other RC rig has commenced drilling at T8 (100% MOD), a copper soil anomaly which is located approximately 60km east of T3.
The T2 West RC holes, are both inclined (320 azimuth/-60 dip), MO-G-52R reached 135m and MO-G-53R reached 55m.
T3 Resource Drilling Update
The Phase 1 Resource Drilling Programme at T3 is progressing as planned with four diamond drill rigs currently in operation on the 1km long area. The Phase 1 Resource estimate is expected to be completed by end of September, whilst the open pit scoping study is also progressing and scheduled for completion by the end of December. An update on the T3 resource drilling results and progress will be announced shortly.
Location
The MOD/MTR joint venture Botswana Copper/Silver Project is located on the Kalahari Copper Belt in northern Botswana. The T3 Phase 1 Resource Drilling area is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).
The exploration work is being managed on the ground, in accordance with JORC 2012 best practice, by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
http://www.moneyam.com/action/news/showArticle?id=5397893
Botswana RC Drilling Intersects Copper at T2
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to regional exploration results at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
Details of Technical highlights in respect of the initial drilling findings at the regional target T2 are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the exploration work being undertaken. This announcement can be viewed through the following link.
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented
I am delighted to report the confirmation of new copper mineralisation at T2 West following drill testing of the soil sampling anomalies we reported on 13 July 2016. Given the tenor of the soil copper anomalies at T2 East and T2 West, at over three times higher than the 28ppm Cu anomalies that led to the discovery of T3, we had expected the drilling to show copper mineralisation. However, given the shallow depth of that mineralisation, and apparently significant mineralised intersections, we especially look forward to receiving the assay data in order to establish actual intersection grades and widths. In the meantime, we are also excited by the prospect of further copper intersections, down-dip and along strike at T2 West
Highlights:
Reverse Circulation Drilling at T2
• T2 the first of the new copper anomalies identified by regional soil geochemistry sampling, has confirmed copper mineralisation in the first two reverse circulation (RC) holes drilled at T2 West, located 20km north of the T3 Resource Drilling area. T2 is the first new JV target to be drilled since the discovery of T3 in March 2016.
• MO-G-52R and MO-G-53R are the first two holes in an initial programme of target test drilling which commenced on 10 August. Both holes intersected copper oxide and sulphide minerals at shallow depth.
• MO-G-52R intersected 15m of visible copper oxide and sulphide mineralisation from 55m downhole.
• MO-G-53R intersected 10m of visible copper oxide and sulphide mineralisation from 8m downhole.
• Visual logging of drill chips has identified the copper minerals chysocolla, malachite, chalcocite and bornite. The drill samples will now be assayed and the results reported in due course.
• With the positive visual copper intersections in these two holes, drilling is continuing down dip of MO-G-52R and will then continue along strike to the east, initially on 250m spaced sections. Where results deem appropriate the RC drilling will be followed up by diamond drilling. This regional target drilling is in addition to the ongoing resource drilling programme at T3.
• T2 currently consists two strong copper in soil anomalies spaced approximately 12km apart;
• T2-West has consistently high copper values up to 87ppm Cu over a circa 1.5km wide zone;
• T2-East has consistently high copper values up to 83ppm Cu over a circa 1.5km wide zone.
• T2-West is located 20km north of T3 and 3.5km west of MODs 100% owned high-grade Mahumo copper/silver deposit (T1); and T2-East is 25km north of T3 and 5.5km east of Mahumo (T1). Both T2 anomalies are interpreted from magnetic geophysics survey data, to be associated with folding of the prospective Mahumo geological contact and are located directly along strike from the Mahumo deposit.
• There is no outcrop and minimal previous drilling on MOD/MTR licences, which cover the 20km wide structural zone interpreted from magnetics between the T3 Dome and mineralised T1/T2 contact.
Regional Exploration Programme
The Regional Exploration Programme, consists an initial 6-month work schedule being conducted by two teams, each with a dedicated geologist and soil sampling crew, and two dedicated RC drilling rigs to test soil sampling and induced polarisation (IP) geophysics anomalies which are identified.
One RC rig is currently employed at T2 West as outlined above, whilst the other RC rig has commenced drilling at T8 (100% MOD), a copper soil anomaly which is located approximately 60km east of T3.
The T2 West RC holes, are both inclined (320 azimuth/-60 dip), MO-G-52R reached 135m and MO-G-53R reached 55m.
T3 Resource Drilling Update
The Phase 1 Resource Drilling Programme at T3 is progressing as planned with four diamond drill rigs currently in operation on the 1km long area. The Phase 1 Resource estimate is expected to be completed by end of September, whilst the open pit scoping study is also progressing and scheduled for completion by the end of December. An update on the T3 resource drilling results and progress will be announced shortly.
Location
The MOD/MTR joint venture Botswana Copper/Silver Project is located on the Kalahari Copper Belt in northern Botswana. The T3 Phase 1 Resource Drilling area is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).
The exploration work is being managed on the ground, in accordance with JORC 2012 best practice, by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
http://www.moneyam.com/action/news/showArticle?id=5397893
banjomick
- 15 Aug 2016 11:45
- 122 of 474
Metal Tiger confirms mineralisation at Kalahari copper belt's T2 West
09:10 15 Aug 2016
Given the variety of copper minerals identified at shallow depth, it is not possible to estimate a percentage for each mineral present or a grade for the mineralisation until assays are received
Copper mineralisation has been confirmed at T2 West on the property being jointly developed by Metal Tiger PLC (LON:MTR) and MOD Resources Ltd (ASX:MOD).
Metal Tiger, which owns 30% of the project in the Kalahari copper belt, said copper (Cu) mineralisation was confirmed in both of the first two reverse circulation (RC) holes drilled at T2 West, which is located 20 kilometres north of the T3 resource drilling area.
Hole MO-G-52R intersected 15 metres (m) of visible copper oxide and sulphide mineralisation from 55m down hole. Hole MO-G-53R intersected 10m of visible copper oxide and sulphide mineralisation from 8m down hole.
With the positive visual copper intersections in these two holes, drilling is continuing down dip of MO-G-52R and will then continue along strike to the east, initially on 250m spaced sections. Where results deem appropriate the RC drilling will be followed up by diamond drilling, Metal Tiger said. This regional target drilling is in addition to the ongoing resource drilling programme at T3.
Talking of T3, the phase one resource drilling programme there is proceeding according to plan, with four diamond drill rigs currently in operation on the target area, which is one kilometre in length.
“I am delighted to report the confirmation of new copper mineralisation at T2 West following drill testing of the soil sampling anomalies we reported on 13 July 2016,” said Paul Johnson, chief executive officer of the Aim-listed investment company focused on the natural resources sector.
“Given the tenor of the soil copper anomalies at T2 East and T2 West, at over three times higher than the 28ppm [parts per million] Cu anomalies that led to the discovery of T3, we had expected the drilling to show copper mineralisation; however, given the shallow depth of that mineralisation, and apparently significant mineralised intersections, we especially look forward to receiving the assay data in order to establish actual intersection grades and widths,” he added.
“In the meantime, we are also excited by the prospect of further copper intersections, down-dip and along strike at T2 West,” Johnson revealed.
Julian Hanna, managing director of MOD, said: “While our geologists are excited by the potential for a new discovery at T2 West, assay results are required to provide an indication of copper grades in MO-G-52R and MO-G-53R.”
Shares in Metal Tiger rose 2.8% to 4.14p on the news. Shares in MOD closed 2.1% higher in Aussie trading this morning.
John Harrington
09:10 15 Aug 2016
Given the variety of copper minerals identified at shallow depth, it is not possible to estimate a percentage for each mineral present or a grade for the mineralisation until assays are received
Copper mineralisation has been confirmed at T2 West on the property being jointly developed by Metal Tiger PLC (LON:MTR) and MOD Resources Ltd (ASX:MOD).
Metal Tiger, which owns 30% of the project in the Kalahari copper belt, said copper (Cu) mineralisation was confirmed in both of the first two reverse circulation (RC) holes drilled at T2 West, which is located 20 kilometres north of the T3 resource drilling area.
Hole MO-G-52R intersected 15 metres (m) of visible copper oxide and sulphide mineralisation from 55m down hole. Hole MO-G-53R intersected 10m of visible copper oxide and sulphide mineralisation from 8m down hole.
With the positive visual copper intersections in these two holes, drilling is continuing down dip of MO-G-52R and will then continue along strike to the east, initially on 250m spaced sections. Where results deem appropriate the RC drilling will be followed up by diamond drilling, Metal Tiger said. This regional target drilling is in addition to the ongoing resource drilling programme at T3.
Talking of T3, the phase one resource drilling programme there is proceeding according to plan, with four diamond drill rigs currently in operation on the target area, which is one kilometre in length.
“I am delighted to report the confirmation of new copper mineralisation at T2 West following drill testing of the soil sampling anomalies we reported on 13 July 2016,” said Paul Johnson, chief executive officer of the Aim-listed investment company focused on the natural resources sector.
“Given the tenor of the soil copper anomalies at T2 East and T2 West, at over three times higher than the 28ppm [parts per million] Cu anomalies that led to the discovery of T3, we had expected the drilling to show copper mineralisation; however, given the shallow depth of that mineralisation, and apparently significant mineralised intersections, we especially look forward to receiving the assay data in order to establish actual intersection grades and widths,” he added.
“In the meantime, we are also excited by the prospect of further copper intersections, down-dip and along strike at T2 West,” Johnson revealed.
Julian Hanna, managing director of MOD, said: “While our geologists are excited by the potential for a new discovery at T2 West, assay results are required to provide an indication of copper grades in MO-G-52R and MO-G-53R.”
Shares in Metal Tiger rose 2.8% to 4.14p on the news. Shares in MOD closed 2.1% higher in Aussie trading this morning.
John Harrington
driver
- 15 Aug 2016 16:45
- 123 of 474
On board.
banjomick
- 16 Aug 2016 08:51
- 124 of 474
Metal Tiger Plc
("Metal Tiger" or the "Company")
Warrant Exercise
The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that it received a binding signed warrant conversion notice for the following amount on 15 August 2016:
***See Link at BOP***
The Board is pleased to confirm that it has raised �1,609,500 from warrant conversions since March 16 2016.
The 2,000,000 new ordinary shares are expected to be admitted to trading on or around 19 August 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 572,023,219. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists 572,023,219 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.
http://www.moneyam.com/action/news/showArticle?id=5398634
("Metal Tiger" or the "Company")
Warrant Exercise
The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that it received a binding signed warrant conversion notice for the following amount on 15 August 2016:
***See Link at BOP***
The Board is pleased to confirm that it has raised �1,609,500 from warrant conversions since March 16 2016.
The 2,000,000 new ordinary shares are expected to be admitted to trading on or around 19 August 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 572,023,219. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists 572,023,219 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.
http://www.moneyam.com/action/news/showArticle?id=5398634
banjomick
- 16 Aug 2016 09:28
- 125 of 474
Opportunities in Tungsten + Gold - THOR Mining - W Resources + Metal Tiger PLC
UK Investor Forums + MiningMaven
Thursday, 22 September 2016 from 18:00 to 21:00 (BST)
City of London,, United Kingdom
http://www.eventbrite.co.uk/e/opportunities-in-tungsten-gold-thor-mining-w-resources-metal-tiger-plc-registration-26698979366
UK Investor Forums + MiningMaven
Thursday, 22 September 2016 from 18:00 to 21:00 (BST)
City of London,, United Kingdom
http://www.eventbrite.co.uk/e/opportunities-in-tungsten-gold-thor-mining-w-resources-metal-tiger-plc-registration-26698979366
banjomick
- 17 Aug 2016 10:44
- 126 of 474
Metal Tiger Plc
Strategic Financing Update - £1.1 million raised
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to advise that the Company has raised £1,100,000 through a strategic placing and subscription of shares in the Company.
Highlights:
• Placing and subscription of 28,571,428 new ordinary shares in Metal Tiger at a subscription price of 3.85p per ordinary share raising gross proceeds of £1,100,000;
• Issue of 28,571,428 warrants to subscribe for 28,571,428 new ordinary shares in Metal Tiger at an exercise price of 7.70p per warrant, within a 12 month exercise period (i.e. one warrant at 7.70p for each ordinary share purchased at 3.85p);
• Placing undertaken with high net worth investors, with several existing investors and also new holders of Company stock; and
• Funding to augment existing underlying working capital for strategic project developments in Spain & Thailand and notably to support an acceleration and expansion of the Company’s Botswanan investing activities.
Paul Johnson Chief Executive Officer of Metal Tiger plc commented “I am pleased to provide this financing update to shareholders and the wider market. Metal Tiger has now demonstrated on two occasions in 2016 an ability to raise £1million-plus at or around the market price at the time the placing was agreed. This is testament to the strength of the Company’s growing support, the hard work of the team and the dedication of our brokers SI Capital. Of most significance however is the commitment and financing capability of the placees who have supported this strategic financing exercise.
Metal Tiger is in a highly robust working capital position. Prior to the placing the Company had working capital of cash and tradable equities & warrants exceeding £4million. This placing of £1.1million adds material additional working capital at a significant point in the Company’s development. Metal Tiger is expanding our investing activities at pace and the additional cash resources provide the Company with the enhanced firepower to accelerate activities in a confident and proactive manner. Cash is the lifeblood of a Company such as Metal Tiger, and the demonstrable ability to raise properly priced additional finance sends a vital message to the market and to those with whom we engage as we seek to grow our business.
The additional cash raised specifically enables the Company to push forward with an expansion of our investing activities in Botswana where with Joint Venture partners MOD Resources, we are working to accelerate drilling, delineate a maiden resource at T3 and build our knowledge of the wider regional mineralisation across multiple targets within the Joint Venture licence areas as exemplified by the recent discovery of copper mineralisation at T2.
Metal Tiger continues to strengthen and we anticipate a series of news flow in the coming days and weeks from across our business.”
Placing and Subscription Summary
Metal Tiger has agreed a placing and subscription to raise £1,100,000 gross proceeds through the issue of 28,571,428 new ordinary shares in Metal Tiger at a price of 3.85p per share (the “Placing Shares”).
Each Placing Share issued has an accompanying warrant to subscribe for an additional new ordinary share at a price of 7.70p in Metal Tiger at any time within the 12 month following admission to trading of the Placing Shares (a total of 28,571,428 warrants).
The Placing Shares are expected to be admitted to trading on or around 1 September 2016. Following the issue of the total Placing Shares, the number of ordinary shares in issue in the Company will increase to 600,594,647 shares. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 600,594,647 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.
http://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/strategic-financing-update----1-1-million-raised/20160817103900Z2985/
Strategic Financing Update - £1.1 million raised
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to advise that the Company has raised £1,100,000 through a strategic placing and subscription of shares in the Company.
Highlights:
• Placing and subscription of 28,571,428 new ordinary shares in Metal Tiger at a subscription price of 3.85p per ordinary share raising gross proceeds of £1,100,000;
• Issue of 28,571,428 warrants to subscribe for 28,571,428 new ordinary shares in Metal Tiger at an exercise price of 7.70p per warrant, within a 12 month exercise period (i.e. one warrant at 7.70p for each ordinary share purchased at 3.85p);
• Placing undertaken with high net worth investors, with several existing investors and also new holders of Company stock; and
• Funding to augment existing underlying working capital for strategic project developments in Spain & Thailand and notably to support an acceleration and expansion of the Company’s Botswanan investing activities.
Paul Johnson Chief Executive Officer of Metal Tiger plc commented “I am pleased to provide this financing update to shareholders and the wider market. Metal Tiger has now demonstrated on two occasions in 2016 an ability to raise £1million-plus at or around the market price at the time the placing was agreed. This is testament to the strength of the Company’s growing support, the hard work of the team and the dedication of our brokers SI Capital. Of most significance however is the commitment and financing capability of the placees who have supported this strategic financing exercise.
Metal Tiger is in a highly robust working capital position. Prior to the placing the Company had working capital of cash and tradable equities & warrants exceeding £4million. This placing of £1.1million adds material additional working capital at a significant point in the Company’s development. Metal Tiger is expanding our investing activities at pace and the additional cash resources provide the Company with the enhanced firepower to accelerate activities in a confident and proactive manner. Cash is the lifeblood of a Company such as Metal Tiger, and the demonstrable ability to raise properly priced additional finance sends a vital message to the market and to those with whom we engage as we seek to grow our business.
The additional cash raised specifically enables the Company to push forward with an expansion of our investing activities in Botswana where with Joint Venture partners MOD Resources, we are working to accelerate drilling, delineate a maiden resource at T3 and build our knowledge of the wider regional mineralisation across multiple targets within the Joint Venture licence areas as exemplified by the recent discovery of copper mineralisation at T2.
Metal Tiger continues to strengthen and we anticipate a series of news flow in the coming days and weeks from across our business.”
Placing and Subscription Summary
Metal Tiger has agreed a placing and subscription to raise £1,100,000 gross proceeds through the issue of 28,571,428 new ordinary shares in Metal Tiger at a price of 3.85p per share (the “Placing Shares”).
Each Placing Share issued has an accompanying warrant to subscribe for an additional new ordinary share at a price of 7.70p in Metal Tiger at any time within the 12 month following admission to trading of the Placing Shares (a total of 28,571,428 warrants).
The Placing Shares are expected to be admitted to trading on or around 1 September 2016. Following the issue of the total Placing Shares, the number of ordinary shares in issue in the Company will increase to 600,594,647 shares. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 600,594,647 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.
http://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/strategic-financing-update----1-1-million-raised/20160817103900Z2985/
banjomick
- 17 Aug 2016 11:36
- 127 of 474
Metal Tiger @metaltigerplc 20 minutes ago
"Metal Tiger continues to strengthen and we anticipate a series of news flow in the coming days and weeks from across our business.”
https://twitter.com/metaltigerplc
"Metal Tiger continues to strengthen and we anticipate a series of news flow in the coming days and weeks from across our business.”
https://twitter.com/metaltigerplc
banjomick
- 17 Aug 2016 12:05
- 128 of 474
Metal Tiger Plc raises £1.1mln to boost investment activities
11:26 17 Aug 2016
“Metal Tiger has now demonstrated on two occasions in 2016 an ability to raise £1million-plus at or around the market price," highlighted chief executive Paul Johnson.
Metal Tiger Plc (LON:MTR) has raised £1.1mln though what it describes as a strategic share placing.
Some 28.5mln new Metal Tiger shares are being issued to high net worth investors and certain existing shareholders.
The shares are being priced at 3.85p, close to Tuesday’s closing price, and they come with warrants to give the investors the opportunity to buy further new shares at a price of 7.70p within the next year – one warrant is attached to every newly issued share.
Metal Tiger said the injection of funds will augment its underlying working capital.
It will support strategic project developments in Spain and Thailand, and help accelerate the group’s investing activities in Botswana where it is partnered with MOD Resources, the mining junior added.
“Metal Tiger has now demonstrated on two occasions in 2016 an ability to raise £1million-plus at or around the market price at the time the placing was agreed,” said chief executive Paul Johnson.
He added: “Cash is the lifeblood of a company such as Metal Tiger, and the demonstrable ability to raise properly priced additional finance sends a vital message to the market and to those with whom we engage as we seek to grow our business.”
The company noted that prior to the funding it had more than £4mln of working capital, tradable equities and warrants.
Johnson also highlighted that the company anticipated a “series of news flow in the coming days and weeks”.
Jamie Ashcroft
11:26 17 Aug 2016
“Metal Tiger has now demonstrated on two occasions in 2016 an ability to raise £1million-plus at or around the market price," highlighted chief executive Paul Johnson.
Metal Tiger Plc (LON:MTR) has raised £1.1mln though what it describes as a strategic share placing.
Some 28.5mln new Metal Tiger shares are being issued to high net worth investors and certain existing shareholders.
The shares are being priced at 3.85p, close to Tuesday’s closing price, and they come with warrants to give the investors the opportunity to buy further new shares at a price of 7.70p within the next year – one warrant is attached to every newly issued share.
Metal Tiger said the injection of funds will augment its underlying working capital.
It will support strategic project developments in Spain and Thailand, and help accelerate the group’s investing activities in Botswana where it is partnered with MOD Resources, the mining junior added.
“Metal Tiger has now demonstrated on two occasions in 2016 an ability to raise £1million-plus at or around the market price at the time the placing was agreed,” said chief executive Paul Johnson.
He added: “Cash is the lifeblood of a company such as Metal Tiger, and the demonstrable ability to raise properly priced additional finance sends a vital message to the market and to those with whom we engage as we seek to grow our business.”
The company noted that prior to the funding it had more than £4mln of working capital, tradable equities and warrants.
Johnson also highlighted that the company anticipated a “series of news flow in the coming days and weeks”.
Jamie Ashcroft
banjomick
- 18 Aug 2016 10:15
- 129 of 474
Metal Tiger plc
SPANISH EXPLORATION UPDATE: NEW GOLD ANOMALY
Metal Tiger (LON: MTR), the natural resources investing company is pleased to provide an update regarding project developments in Extremadura, Spain.
Highlights:
• Soil sampling and alteration mapping at the Logrosán Gold and Tungsten Joint Venture (JV) project has delineated a new gold target area ‘Logrosán South’, located in the south of the project’s Antonio Caño and (the recently awarded) San Cristóbal exploration licence areas. This new target area is in addition to the ‘El Seranillo North’ gold target area reported on 5th April 2016.
• Soil samples analysed for gold by ALS Minerals laboratories have defined a 2km long gold in soil anomaly (up to 0.89g/t Au), which appears to be associated with two parallel structures identified by ground magnetics. Further soil samples analysed for gold using our JV partner’s own laboratory in Finland have shown that the anomaly can be traced over a total 6km long strike distance.
• Samples were collected over a total of 70 profiles, spaced at between 50m – 200m, the anomaly is currently open at one end.
• A programme of further follow-up investigation for both Logrosán South and El Seranillo North is scheduled for September, once the Spanish field team have returned from their scheduled summer break. This follow-up will run in conjunction with the ongoing work on the Maria Licence. Further details of these works will be provided in due course.
Paul Johnson CEO of Metal Tiger said: “We are excited to report the identification of an additional gold target for our Logrosán Gold & Tungsten Project. The addition of the Logrosán South gold anomaly is particularly significant given its current 6km length and its good correlation with structures indicated by our ground magnetics survey work.
We consider that we have a very strong, and growing, pipeline of gold and tungsten targets in what is turning out to be a highly mineralised region.
We look forward to providing further updates, as the field team recommences ground work in early September.”
Project Background
Location and Region
The Logrosán Gold and Tungsten Project is located in a geologically prospective, under-explored and mining friendly jurisdiction in west-central Spain within the province of Cáceres in the Extremadura autonomous region. The Project is served by a well-developed and maintained road network, with good power, water and telecommunications infrastructure and enjoys the full support of the regional and local government and administration.
Neighbouring Properties
There are three public listed exploration and pre-production development companies located within the surrounding region. The W Resources Plc La Parrilla tungsten mine is 43km south-west of the Project area; the Emerita Resources Corporation Las Morras Gold Project is 6km to the south; and the Berkeley Energia Gambuta uranium deposit is 40km north.
Background to the Logrosán Joint Venture
Metal Tiger entered into a Joint Venture with Logrosán Minerals Ltd (a Special Purpose Vehicle "SPV" company incorporated in the UK) on 13 March 2015.
Logrosán Minerals Limited is the joint venture operating company for the Logrosán Exploration Project. During the 18 months prior to the joint venture commencing, Metal Tiger's joint venture partner, Mineral Exploration Network (Finland) Ltd “MEN”, had carried out more than 40,000 soil samples, hundreds of pan-concentrate samples, covered thousands of linear kilometres with ground magnetic survey and assessed electro-magnetic tomography. The presence of Tungsten mineralisation had been confirmed by soil sampling, outcrop sampling, trenching and historical drill holes. Gold mineralisation had been indicated by pan-concentrate sampling which delineated three areas with anomalous gold.
Metal Tiger funded €500,000 in exploration work over the balance of 2015 and Q1 2016 in line with an agreed exploration programme that included up to 5,000 metres of drilling, to earn 50% of Logrosan Minerals Limited. The balancing holding in the SPV is held by MEN.
The Maria Licence was brought into the SPV on 31 May 2016. As part of this transaction Metal Tiger are to provide up to €500,000 over the balance of 2016 and first quarter of 2017 in exploration expenditure, with at least half the funds used to further explore Maria and the balance used to refine and build out the tungsten deposits and gold targets outlined during the 2015 Logrosán drilling programme.
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the Logrosán and Maria Project Areas, and reviewed the technical information contained within this announcement. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
http://www.metaltigerplc.com/index.php/investors/latest-news/886-spanish-exploration-update-new-gold-anomaly-2016-08-18-083400
SPANISH EXPLORATION UPDATE: NEW GOLD ANOMALY
Metal Tiger (LON: MTR), the natural resources investing company is pleased to provide an update regarding project developments in Extremadura, Spain.
Highlights:
• Soil sampling and alteration mapping at the Logrosán Gold and Tungsten Joint Venture (JV) project has delineated a new gold target area ‘Logrosán South’, located in the south of the project’s Antonio Caño and (the recently awarded) San Cristóbal exploration licence areas. This new target area is in addition to the ‘El Seranillo North’ gold target area reported on 5th April 2016.
• Soil samples analysed for gold by ALS Minerals laboratories have defined a 2km long gold in soil anomaly (up to 0.89g/t Au), which appears to be associated with two parallel structures identified by ground magnetics. Further soil samples analysed for gold using our JV partner’s own laboratory in Finland have shown that the anomaly can be traced over a total 6km long strike distance.
• Samples were collected over a total of 70 profiles, spaced at between 50m – 200m, the anomaly is currently open at one end.
• A programme of further follow-up investigation for both Logrosán South and El Seranillo North is scheduled for September, once the Spanish field team have returned from their scheduled summer break. This follow-up will run in conjunction with the ongoing work on the Maria Licence. Further details of these works will be provided in due course.
Paul Johnson CEO of Metal Tiger said: “We are excited to report the identification of an additional gold target for our Logrosán Gold & Tungsten Project. The addition of the Logrosán South gold anomaly is particularly significant given its current 6km length and its good correlation with structures indicated by our ground magnetics survey work.
We consider that we have a very strong, and growing, pipeline of gold and tungsten targets in what is turning out to be a highly mineralised region.
We look forward to providing further updates, as the field team recommences ground work in early September.”
Project Background
Location and Region
The Logrosán Gold and Tungsten Project is located in a geologically prospective, under-explored and mining friendly jurisdiction in west-central Spain within the province of Cáceres in the Extremadura autonomous region. The Project is served by a well-developed and maintained road network, with good power, water and telecommunications infrastructure and enjoys the full support of the regional and local government and administration.
Neighbouring Properties
There are three public listed exploration and pre-production development companies located within the surrounding region. The W Resources Plc La Parrilla tungsten mine is 43km south-west of the Project area; the Emerita Resources Corporation Las Morras Gold Project is 6km to the south; and the Berkeley Energia Gambuta uranium deposit is 40km north.
Background to the Logrosán Joint Venture
Metal Tiger entered into a Joint Venture with Logrosán Minerals Ltd (a Special Purpose Vehicle "SPV" company incorporated in the UK) on 13 March 2015.
Logrosán Minerals Limited is the joint venture operating company for the Logrosán Exploration Project. During the 18 months prior to the joint venture commencing, Metal Tiger's joint venture partner, Mineral Exploration Network (Finland) Ltd “MEN”, had carried out more than 40,000 soil samples, hundreds of pan-concentrate samples, covered thousands of linear kilometres with ground magnetic survey and assessed electro-magnetic tomography. The presence of Tungsten mineralisation had been confirmed by soil sampling, outcrop sampling, trenching and historical drill holes. Gold mineralisation had been indicated by pan-concentrate sampling which delineated three areas with anomalous gold.
Metal Tiger funded €500,000 in exploration work over the balance of 2015 and Q1 2016 in line with an agreed exploration programme that included up to 5,000 metres of drilling, to earn 50% of Logrosan Minerals Limited. The balancing holding in the SPV is held by MEN.
The Maria Licence was brought into the SPV on 31 May 2016. As part of this transaction Metal Tiger are to provide up to €500,000 over the balance of 2016 and first quarter of 2017 in exploration expenditure, with at least half the funds used to further explore Maria and the balance used to refine and build out the tungsten deposits and gold targets outlined during the 2015 Logrosán drilling programme.
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the Logrosán and Maria Project Areas, and reviewed the technical information contained within this announcement. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
http://www.metaltigerplc.com/index.php/investors/latest-news/886-spanish-exploration-update-new-gold-anomaly-2016-08-18-083400
banjomick
- 18 Aug 2016 10:16
- 130 of 474
18 August 2016
Metal Tiger plc
THAILAND UPDATE - MERIT CEREMONY
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce the Merit ceremony has taken place to celebrate the formal opening of the Company's Metal Tiger Thailand Joint Venture head office.
Following a two month period of refurbishment work the new Joint Venture head office in Bangkok is now ready for occupation.
In line with traditional practice the commencement of the next stage of the Company's development reflected in the establishment of a new office was recognised with a formal Merit ceremony, performed by Buddhist Monks.
A photograph gallery will be made available in due course on the Company's website. In the interim selected images will be available on the home page of the Company's website and the Company Twitter feed.
Investors wishing to learn more about the Merit ceremony can see further information through the following link: https://en.m.wikipedia.org/wiki/Merit_(Buddhism)
http://www.moneyam.com/action/news/showArticle?id=5400282
Metal Tiger plc
THAILAND UPDATE - MERIT CEREMONY
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce the Merit ceremony has taken place to celebrate the formal opening of the Company's Metal Tiger Thailand Joint Venture head office.
Following a two month period of refurbishment work the new Joint Venture head office in Bangkok is now ready for occupation.
In line with traditional practice the commencement of the next stage of the Company's development reflected in the establishment of a new office was recognised with a formal Merit ceremony, performed by Buddhist Monks.
A photograph gallery will be made available in due course on the Company's website. In the interim selected images will be available on the home page of the Company's website and the Company Twitter feed.
Investors wishing to learn more about the Merit ceremony can see further information through the following link: https://en.m.wikipedia.org/wiki/Merit_(Buddhism)
http://www.moneyam.com/action/news/showArticle?id=5400282
banjomick
- 19 Aug 2016 14:58
- 131 of 474
Metal Tiger Plc
Appointment of Chief Technical Officer
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the appointment of Jordan Luckett as the Companys Chief Technical Officer with effect from 1 September 2016.
Jordan Luckett, an Australian national, is an experienced mining executive in both exploration and mining geology. He serves as managing director of Great Western Exploration Limited, a West Perth-based nickel, gold and copper exploration firm.
Jordan graduated from Curtin University of Technology in 1991 and is a member of The Australian Institute of Mining and Metallurgy. He has held positions as Geology Manager at Equigold NL and Exploration Manager at Jindalee Resources Limited and Energy Metals Limited both in Perth, Western Australia.
Information in respect of Mr Luckett as required by Schedule 2(g) of the AIM Rules for Companies are included below.
Terry Grammer Non-executive chairman of Metal Tiger commented:
Metal Tiger is now at the stage where we need to further enhance the in-house technical capability of the team and the appointment of a new Chief Technical Officer in an executive capacity demonstrates our commitment in this regard.
In the last two years Metal Tiger has sought to expand and adapt the board, senior management and staff base to reflect the developing demands of the business. This appointment is another step forward as we seek to build the existing resource investing company into a larger, well-diversified and considerably more valuable concern.
Jordan Luckett is an extremely capable and experienced executive, with his knowledge base in the technical mining environment matched by his experience in the management and demands of public companies. He has the right blend of skills to fulfil this role for Metal Tiger and I am personally delighted he has accepted this opportunity.
http://www.moneyam.com/action/news/showArticle?id=5401244
Appointment of Chief Technical Officer
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the appointment of Jordan Luckett as the Companys Chief Technical Officer with effect from 1 September 2016.
Jordan Luckett, an Australian national, is an experienced mining executive in both exploration and mining geology. He serves as managing director of Great Western Exploration Limited, a West Perth-based nickel, gold and copper exploration firm.
Jordan graduated from Curtin University of Technology in 1991 and is a member of The Australian Institute of Mining and Metallurgy. He has held positions as Geology Manager at Equigold NL and Exploration Manager at Jindalee Resources Limited and Energy Metals Limited both in Perth, Western Australia.
Information in respect of Mr Luckett as required by Schedule 2(g) of the AIM Rules for Companies are included below.
Terry Grammer Non-executive chairman of Metal Tiger commented:
Metal Tiger is now at the stage where we need to further enhance the in-house technical capability of the team and the appointment of a new Chief Technical Officer in an executive capacity demonstrates our commitment in this regard.
In the last two years Metal Tiger has sought to expand and adapt the board, senior management and staff base to reflect the developing demands of the business. This appointment is another step forward as we seek to build the existing resource investing company into a larger, well-diversified and considerably more valuable concern.
Jordan Luckett is an extremely capable and experienced executive, with his knowledge base in the technical mining environment matched by his experience in the management and demands of public companies. He has the right blend of skills to fulfil this role for Metal Tiger and I am personally delighted he has accepted this opportunity.
http://www.moneyam.com/action/news/showArticle?id=5401244
banjomick
- 19 Aug 2016 15:47
- 132 of 474
19 August 2016
Metal Tiger Plc
Award of Management Options
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the award of management options to Jordan Lockett, the Companys new Chief Technical Officer.
As part of his remuneration package Mr Lockett will receive 5 million options at an exercise price of 7.5p per share vesting in three months and with a three year exercise life post vesting.
Option vesting will be accelerated in the event of a successful takeover offer for the Company.
For further information on the Company, visit: www.metaltigerplc.com:
Paul Johnson (Chief Executive Officer) Tel: +44 (0)7766 465 617
Terry Grammer (Non- Executive Chairman) Tel: +44 (0)207 099 0738
Sean Wyndham-Quin
Neil Baldwin
Nick Emerson
Andy Thacker
Spark Advisory Partners Limited
(Nominated Adviser)
SI Capital
(Sole Broker)
Tel: +44 (0) 2033 683 555
www.sparkadvisorypartners.com
Tel: +44 (0) 1483 413 500
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market (AIM) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.
The Companys target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Companys key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tigers Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.
Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Companys project based activities.
http://www.moneyam.com/action/news/showArticle?id=5401363
Metal Tiger Plc
Award of Management Options
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce the award of management options to Jordan Lockett, the Companys new Chief Technical Officer.
As part of his remuneration package Mr Lockett will receive 5 million options at an exercise price of 7.5p per share vesting in three months and with a three year exercise life post vesting.
Option vesting will be accelerated in the event of a successful takeover offer for the Company.
For further information on the Company, visit: www.metaltigerplc.com:
Paul Johnson (Chief Executive Officer) Tel: +44 (0)7766 465 617
Terry Grammer (Non- Executive Chairman) Tel: +44 (0)207 099 0738
Sean Wyndham-Quin
Neil Baldwin
Nick Emerson
Andy Thacker
Spark Advisory Partners Limited
(Nominated Adviser)
SI Capital
(Sole Broker)
Tel: +44 (0) 2033 683 555
www.sparkadvisorypartners.com
Tel: +44 (0) 1483 413 500
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market (AIM) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.
The Companys target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Companys key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tigers Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.
Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Companys project based activities.
http://www.moneyam.com/action/news/showArticle?id=5401363
banjomick
- 21 Aug 2016 16:44
- 133 of 474
Metal Tiger Corporate Presentation
Date added: 19/08/2016 09:32:12
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=19.08.16%2BNew%2BBotswana%2Bslide%2BMetal_Tiger_Presentation.pdf
Date added: 19/08/2016 09:32:12
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=19.08.16%2BNew%2BBotswana%2Bslide%2BMetal_Tiger_Presentation.pdf
banjomick
- 22 Aug 2016 09:02
- 134 of 474
22 August 2016
Metal Tiger Plc
Botswana Resource Drilling Nearing Completion at T3
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the diamond drilling programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
Technical highlights in respect of progress on the Target 3 (T3) Prospect, Phase 1 Resource Diamond Drilling Programme (the Resource Programme) are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the drilling being undertaken. This announcement can be viewed through the following link.
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented
With the T3 Phase 1 Drill Programme nearing completion, the latest results continue to show wide intersections of mineralisation, up to 42m in MO-G-28D. As the drilling element of the work is almost over, assays are now being sent to the independent resource consultant; and the joint venture Project is on schedule to deliver, what we expect to be, a robust maiden resource estimate at the end of next month.
The end of the Resource drilling at T3 will not signify a lull in activity for the field teams; with the completion of the Phase 1 drill programme, the exploration team will have the time to follow-up targets in the wider T3 area, on the T3 Dome.
In addition, reverse circulation drilling continues apace, 20km north of T3, on the new, shallow, T2 West copper discovery, details of which we reported 15 August. We look forward to providing updates on further Project progress in the near future
Highlights:
• Two batches of assay results received for seven diamond drill (DD) holes located in the north-east part of the T3 Phase 1 Resource Programme area. Results are in line with expectations, showing significant copper and silver intersections for six DD holes (MO-G-26D to MO-G-31D), including:
• MO-G-26D intersected 26.4m @ 1.3% Cu & 11g/t Ag from 131.0m
• MO-G-28D intersected 42.0m @ 1.1% Cu & 11g/t Ag from 127.0m
• MO-G-29D intersected 34.8m @ 1.2% Cu & 14g/t Ag from 128.0m
• MO-G-31D intersected 11.9m @ 2.3% Cu & 42g/t Ag from 181.9m and
5.0m @ 1.9% Cu & 51g/t Ag from 211.0m.
• The seventh hole, MO-G-32D, located 100m outside and east of the Phase 1 Resource area, only intersected minor mineralisation. Key intersections for all seven holes are outlined below.
• The Phase 1 Resource Programme drilling, on the 100m by 100m grid, is nearing completion; the maiden Mineral Resource Estimate is due to be finalised by end of September and is being conducted by an independent resource consultant based in South Africa.
• Once the Phase 1 Resource drilling is completed the exploration team will start focusing on other targets along the T3 Dome, leveraging their knowledge gained on geology and mineralisation controls in the area.
• The first deep drill hole at T3, M0-T3U-01D, has completed to a downhole depth of 532.84m. This hole was designed to test the source of an Induced Polarisation (IP) geophysics anomaly, located circa 400m down dip, to the north of the Phase 1 Resource Programme area. Drill bit deviation caused the hole to lift by 20 degrees and as a result the hole cut the target sequence above the level of the IP anomaly, a second drill hole is being considered to test the IP anomaly.
• M0-T3U-01D intersected 48m of mudstones and green siltstones with finely disseminated copper sulphides (chalcocite and bornite) between 446.7m and 494.8m downhole. Assay results are currently pending.
T3 Scoping Study Update
Contracts are being finalised for the constituent elements of a T3 Open Pit Scoping Study including preliminary analysis of mining, processing and environmental factors.
The metallurgical testwork being undertaken on a range of T3 ore types is progressing well with the first batch of results expected during September.
Resource Programme Progress
42 DD holes have now been completed and 4 DD holes are currently in progress.
• Key results for latest down-hole intersections include:
• Hole MO-G-26D
• 26.4m @ 1.3% Cu & 11g/t Ag from 131.0m
• 1.0m @ 2.5% Cu & 8g/t Ag from 164.0m
• 8.0m @ 0.8% Cu & 15g/t Ag from 170.0m
• Hole MO-G-27D
• 22.4m @ 1.2% Cu & 10g/t Ag from 129.0m
• 4.7m @ 0.7% Cu & 10g/t Ag from 168.7m
• Hole MO-G-28D
• 42.0m @ 1.1% Cu & 11g/t Ag from 127.0m
• Hole MO-G-29D
• 34.8m @ 1.2% Cu & 14g/t Ag from 128.0m
• 5.0m@ 1.2% Cu & 5g/t Ag from 170.0m
• Hole MO-G-30D
• 15.8m @ 0.9% Cu & 12g/t Ag from 121.2m
• 10.0m @ 1.3% Cu & 10g/t Ag from 140.0m
• 5.0m @ 1.3% Cu & 6g/t Ag from 161.0m
• 3.7m @ 2.2% Cu & 17g/t Ag from 176.3m
• Hole MO-G-31D
• 3.0m @ 1.1% Cu & 8g/t Ag from 175.0m
• 11.9m @ 2.3% Cu & 42g/t Ag from 181.9m
• 5.0m @ 1.9% Cu & 51g/t Ag from 211.0m
• Hole MO-G-32D
• 2.0m @ 0.7% Cu & 11g/t Ag from 194.0m
All holes were designed to intersect the northerly dipping mineralisation at depth, and are orientated with an azimuth of 160deg and dip of 60deg. MO-G-026D reached a down hole depth of 199m, MO-G-27D reached 220m, MO-G-28D reached 221m, MO-G-29D reached 185m, MO-G-30D reached 188m, MO-G-31D reached 227m and MO-G-32D reached 215m.
Holes MO-G-26D to MO-G-30D are located on the same E-W profile at 100m spacing, in the eastern part of the resource area. Hole MO-G-31D is on the same section as MO-G-30D, on the parallel profile 100m north. Hole MO-G-32D is located on the same E-W profile as MO-G-31D, but approximately 300m further east, 100m outside of the Phase 1 Resource area.
A table of the drill collar locations is provided in the MOD release referenced above. Results from the continuing drilling programme will be released as they become available following geological interpretation.
Current Exploration Programme Plan
The Phase 1 Resource drilling programme at T3 is concentrating on a 1,000m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from circa 60m vertical depth to 200m depth. The majority of the resource drill holes are drilled on a 100m grid spacing, perpendicular to the mineralisation host sequence dip, therefore the mineralisation intersections are interpreted to be near to true width.
Location
The T3 Prospect is located on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).
MOD outline details of the current exploration procedures being employed on the project (JORC 2012 Table 1), a drill plan and drill collar locations in their news release dated 22 August 2016. The work is being managed on the ground by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
http://www.moneyam.com/action/news/showArticle?id=5401634
Metal Tiger Plc
Botswana Resource Drilling Nearing Completion at T3
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the diamond drilling programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
Technical highlights in respect of progress on the Target 3 (T3) Prospect, Phase 1 Resource Diamond Drilling Programme (the Resource Programme) are provided below. In addition, we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the drilling being undertaken. This announcement can be viewed through the following link.
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented
With the T3 Phase 1 Drill Programme nearing completion, the latest results continue to show wide intersections of mineralisation, up to 42m in MO-G-28D. As the drilling element of the work is almost over, assays are now being sent to the independent resource consultant; and the joint venture Project is on schedule to deliver, what we expect to be, a robust maiden resource estimate at the end of next month.
The end of the Resource drilling at T3 will not signify a lull in activity for the field teams; with the completion of the Phase 1 drill programme, the exploration team will have the time to follow-up targets in the wider T3 area, on the T3 Dome.
In addition, reverse circulation drilling continues apace, 20km north of T3, on the new, shallow, T2 West copper discovery, details of which we reported 15 August. We look forward to providing updates on further Project progress in the near future
Highlights:
• Two batches of assay results received for seven diamond drill (DD) holes located in the north-east part of the T3 Phase 1 Resource Programme area. Results are in line with expectations, showing significant copper and silver intersections for six DD holes (MO-G-26D to MO-G-31D), including:
• MO-G-26D intersected 26.4m @ 1.3% Cu & 11g/t Ag from 131.0m
• MO-G-28D intersected 42.0m @ 1.1% Cu & 11g/t Ag from 127.0m
• MO-G-29D intersected 34.8m @ 1.2% Cu & 14g/t Ag from 128.0m
• MO-G-31D intersected 11.9m @ 2.3% Cu & 42g/t Ag from 181.9m and
5.0m @ 1.9% Cu & 51g/t Ag from 211.0m.
• The seventh hole, MO-G-32D, located 100m outside and east of the Phase 1 Resource area, only intersected minor mineralisation. Key intersections for all seven holes are outlined below.
• The Phase 1 Resource Programme drilling, on the 100m by 100m grid, is nearing completion; the maiden Mineral Resource Estimate is due to be finalised by end of September and is being conducted by an independent resource consultant based in South Africa.
• Once the Phase 1 Resource drilling is completed the exploration team will start focusing on other targets along the T3 Dome, leveraging their knowledge gained on geology and mineralisation controls in the area.
• The first deep drill hole at T3, M0-T3U-01D, has completed to a downhole depth of 532.84m. This hole was designed to test the source of an Induced Polarisation (IP) geophysics anomaly, located circa 400m down dip, to the north of the Phase 1 Resource Programme area. Drill bit deviation caused the hole to lift by 20 degrees and as a result the hole cut the target sequence above the level of the IP anomaly, a second drill hole is being considered to test the IP anomaly.
• M0-T3U-01D intersected 48m of mudstones and green siltstones with finely disseminated copper sulphides (chalcocite and bornite) between 446.7m and 494.8m downhole. Assay results are currently pending.
T3 Scoping Study Update
Contracts are being finalised for the constituent elements of a T3 Open Pit Scoping Study including preliminary analysis of mining, processing and environmental factors.
The metallurgical testwork being undertaken on a range of T3 ore types is progressing well with the first batch of results expected during September.
Resource Programme Progress
42 DD holes have now been completed and 4 DD holes are currently in progress.
• Key results for latest down-hole intersections include:
• Hole MO-G-26D
• 26.4m @ 1.3% Cu & 11g/t Ag from 131.0m
• 1.0m @ 2.5% Cu & 8g/t Ag from 164.0m
• 8.0m @ 0.8% Cu & 15g/t Ag from 170.0m
• Hole MO-G-27D
• 22.4m @ 1.2% Cu & 10g/t Ag from 129.0m
• 4.7m @ 0.7% Cu & 10g/t Ag from 168.7m
• Hole MO-G-28D
• 42.0m @ 1.1% Cu & 11g/t Ag from 127.0m
• Hole MO-G-29D
• 34.8m @ 1.2% Cu & 14g/t Ag from 128.0m
• 5.0m@ 1.2% Cu & 5g/t Ag from 170.0m
• Hole MO-G-30D
• 15.8m @ 0.9% Cu & 12g/t Ag from 121.2m
• 10.0m @ 1.3% Cu & 10g/t Ag from 140.0m
• 5.0m @ 1.3% Cu & 6g/t Ag from 161.0m
• 3.7m @ 2.2% Cu & 17g/t Ag from 176.3m
• Hole MO-G-31D
• 3.0m @ 1.1% Cu & 8g/t Ag from 175.0m
• 11.9m @ 2.3% Cu & 42g/t Ag from 181.9m
• 5.0m @ 1.9% Cu & 51g/t Ag from 211.0m
• Hole MO-G-32D
• 2.0m @ 0.7% Cu & 11g/t Ag from 194.0m
All holes were designed to intersect the northerly dipping mineralisation at depth, and are orientated with an azimuth of 160deg and dip of 60deg. MO-G-026D reached a down hole depth of 199m, MO-G-27D reached 220m, MO-G-28D reached 221m, MO-G-29D reached 185m, MO-G-30D reached 188m, MO-G-31D reached 227m and MO-G-32D reached 215m.
Holes MO-G-26D to MO-G-30D are located on the same E-W profile at 100m spacing, in the eastern part of the resource area. Hole MO-G-31D is on the same section as MO-G-30D, on the parallel profile 100m north. Hole MO-G-32D is located on the same E-W profile as MO-G-31D, but approximately 300m further east, 100m outside of the Phase 1 Resource area.
A table of the drill collar locations is provided in the MOD release referenced above. Results from the continuing drilling programme will be released as they become available following geological interpretation.
Current Exploration Programme Plan
The Phase 1 Resource drilling programme at T3 is concentrating on a 1,000m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from circa 60m vertical depth to 200m depth. The majority of the resource drill holes are drilled on a 100m grid spacing, perpendicular to the mineralisation host sequence dip, therefore the mineralisation intersections are interpreted to be near to true width.
Location
The T3 Prospect is located on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).
MOD outline details of the current exploration procedures being employed on the project (JORC 2012 Table 1), a drill plan and drill collar locations in their news release dated 22 August 2016. The work is being managed on the ground by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).
The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.
http://www.moneyam.com/action/news/showArticle?id=5401634
banjomick
- 22 Aug 2016 09:05
- 135 of 474
22 August 2016
Metal Tiger Plc
Warrant Exercise
http://www.moneyam.com/action/news/showArticle?id=5401633
Metal Tiger Plc
Warrant Exercise
http://www.moneyam.com/action/news/showArticle?id=5401633
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