Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are delighted to report the results of the first phase of drilling and a preliminary conceptual underground mining study on the A4 Dome, both of which indicate the potential for another significant copper resource only 8km from the planned T3 Project processing plant.
The findings provide strong support for a decision to step out the drilling to the rest of the A4 Dome prospective target area and start to work towards a A4 Dome maiden resource in early 2019. We look forward to updating shareholders on our progress in the new year.”
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 exploration activities of the Company’s Joint Venture, Tshukudu Exploration (Pty) Ltd, in the Kalahari Copper Belt in Botswana.
Highlights
First phase of drilling at the 5km long A4 Dome has completed with 18 of 20 holes intersecting copper mineralisation. The A4 Dome lies only 8km from the planned processing plant for MOD Resources Limited’s T3 Project.
Drill hole intersections include significant widths and grades of both vein and Ngwako Pan Formation contact type mineralisation.
Potential for A4 Dome mineralisation is open with approximately one third (1.6km) of the prospective 5km strike drilled to date.
High-level conceptual underground mining study, conducted by independent consultants Entech Pty Ltd, gives positive outcomes for a combination of room-and-pillar and long hole open stoping mining of NPF contact related mineralisation via a decline from surface.
Decision to progress the A4 Dome programme towards a potential mineral resource estimate is expected to be made early 2019.
Assay results include:
Vein hosted intersections along 600m of A4 Dome (west to east):
Hole MO-A4-010D
27.0m @ 1.1% Cu and 20g/t Ag from 394m, including
9.0m @ 2.1% Cu & 39g/t Ag from 412m
Hole MO-A4-008D
42.9m @ 1.00% Cu and 19g/t Ag from 258m, including
3.4m @ 2.4% Cu & 41g/t Ag from 297m
Hole MO-A4-003D
52.0m @ 1.50% Cu and 14g/t Ag from 232m, including
15.5m @ 2.9% Cu & 42g/t Ag from 269m (announced previously)
Hole MO-A4-019D
15.0m @ 1.10% Cu and 16g/t Ag from 39m, including
21.0m @ 1.1% Cu & 8g/t Ag from 59m
NPF contact hosted intersections along 1.4km of A4 Dome (west to east):
Hole MO-A4-020D
31.0m @ 1.00% Cu and 10g/t Ag from 538m, including
2.8m @ 4.9% Cu & 567g/t Ag from 567m
Hole MO-A4-003D
31.2m @ 1.10% Cu and 11g/t Ag from 560m, including
5.0m @ 2.2% Cu & 22g/t Ag from 586m (announced previously)
Hole MO-A4-014D
50.3m @ 0.90% Cu and 9g/t Ag from 451m, including
5.3m @ 1.9% Cu & 21g/t Ag from 496m
Hole MO-A4-012D
26.6m @ 1.10% Cu and 11g/t Ag from 520m, including
6.6m @ 2.1% Cu & 25g/t Ag from 540m
