3 April 2018
Metal Tiger Plc
Botswana Copper/Silver Project EMP Approval for Drilling T3 Dome
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:
Botswana Department of Environmental Affairs (DEA) has approved the Environmental Management Plan (EMP) for drilling campaign to test numerous high priority targets along the 50km long T3 Dome.
T3 Dome EMP is subject to a four-week public review period with drilling planned to commence in May 2018.
T3 Dome EMP will increase the area available for drilling within the T3 Dome to circa 680km2.
Drilling on the T3 Dome is planned to commence with four drill rigs in addition to the three rigs currently drilling at T3.
Drill targets will include an initial 10 high priority untested T3 Dome Airborne Electromagnetic (EM) geophysics anomalies thought to be related to lithological formation conductors.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
The approval of the EMP for the T3 Dome is a key development for the JV, opening up an additional 680km2 of the prospective T3 Dome for drilling. Subject to the public review it is planned that four drill rigs can start turning in May, with the objective of testing the numerous anomalies already identified by the previous airborne geophysics and soil sampling programmes.
These high priority target anomalies represent an opportunity for the discovery of additional satellite copper deposits which could augment or supplement the potential offered by developing the T3 Open Pit Resource and its potential underground extensions. We look forward to the prospect of an exciting stream of regional drill results whilst the JV continues to progress the T3 Feasibility Study works.
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
T3 Dome Regional Exploration Programme Target
The T3 Dome EMP has been lodged to drill test high priority geophysical and geochemical anomalies generated by the T3 Dome airborne EM survey (announced 21 July 2017) and the regional soil sampling programmes.
Initial interpretation of the geophysics data points to the district scale T3 Dome being dominated by shallow thrust related domal structures including the 11km long T-Rex dome centred on the T3 Open Pit Resource area.
Reinterpretation of the original geophysics data in conjunction with data from the recent EM Survey extension is ongoing with preliminary 3D modelling of the interpreted T3 host sequence to approximately 500m below surface.
It is hoped that 3D modelling of the geology will help target the lithologies prospective for hosting more high-grade copper vein deposits.
Approval of the EMP had been briefly delayed due to staffing issues at the DEA.
http://www.moneyam.com/action/news/showArticle?id=5915234