25 January 2018
Metal Tiger Plc
Botswana Copper/Silver Project T3 Update & Major Regional Exploration Programme
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 Companys 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:
T3 Open Pit Prefeasibility Study assuming a 2.5Mtpa base case and 4.0Mtpa upside case, on track and due to be completed by end of January. The T3 Open Pit and T3 Underground resource drilling will continue through H1 2018.
Major regional exploration programme commenced, focussed on targets outside T3 Project area, namely the T3 Dome, T20 Dome and ‘T-Rex’ targets.
Objective to replicate T3 discovery techniques (soil sampling, geophysics & drill testing).
Environmental Management Plan (EMP) lodged for drill testing of highest priority T3 Dome airborne electromagnetic (AEM) geophysics survey targets, approval expected March.
T3 Dome AEM geophysics 193km2 survey-extension completed, results pending.
Trial AEM geophysics survey (circa 787km2) on T20 Dome and T4 (2m@6.12% Cu & 111g/t Ag) will commence in early February.
Soil anomalies extend >140km along Central Structural Corridor from T3 Dome to T20 Dome, including a 60km long zone with anomalous copper and Zinc at T20 Dome.
Tshukudu has exercised the Option to acquire two key licences (1,010km2) over T20 Dome.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“We are pleased to outline the key elements of our comprehensive strategy to test the copper potential of our tenement holdings outside of the immediate T3 Project area.
Given the initial findings of the joint venture’s regional soil and geophysics programmes, and the increased knowledge of the structural controls and mineralisation styles likely linked to the new copper and zinc anomalies, we feel that the continued investment through regional drill testing is likely to yield exciting returns.
Benefiting from the updated knowledge of the distribution and style of copper deposits in this part of the Kalahari Copper Belt, we consider it a strong possibility, that one or more of the regional anomalies, within our extensive tenement package, will turn out to be an as-yet undiscovered T3 style sediment hosted copper deposit.
As part of the Mining Indaba week in Cape Town, Metal Tiger and MOD Resources will be meeting investors and plan to discuss the results of the Prefeasibility Study at the 121 Mining Investment event on 5th to 6th February. This will be followed by a T3 site visit with a number of investors and interested parties.”
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
***More via link below***
https://www.metaltigerplc.com/index.php/news/1192-botswana-coppersilver-project-t3-update-major-regional-exploration-programme-2018-01-25-070000