Michael McNeilly Chief Executive Officer of Metal Tiger commented: “We are delighted to report that all assay results required for the Mineral Resource upgrade work at our T3 Project have been received, our consultants CSA Global have completed their site visit review and will now be transferring the assay data into their Resource models. Concurrently we can also report that with 50 holes completed to date for the Underground Resource Extension Drilling Programme the JV will soon be in a position to start estimating a T3 Underground Resource.”
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, this morning gave DirectorsTalk an update regarding the Company’s Joint Venture project with partner MOD Resources Limited (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
-- T3 (Motheo) Pit Resource Infill and Extension Programme drilling
complete. Assay results for all holes to be included in the revised
Mineral Resource Estimate have been received.
-- Programme objective is to convert current Inferred Resources to the
Indicated and Measured Resource category and extend the total Mineral
Resource to support the Expansion Case model in the Prefeasibility
Study (announced 31 January 2018).
-- Assays received to date in line with expectation, with significant
intersections outlined below, including:
Hole MO-G-130D
35.0m @ 2.0% Cu and 34g/t Ag from 102m (within Base Case Pit)
Hole MO-G-131D
16.0m @ 1.1% Cu and 10g/t Ag from 76m (within Base Case Pit)
Hole MO-G-146D
31.9m @ 1.0% Cu and 9g/t Ag from 183m (below Expansion Case
Pit)
Hole MO-G-132D
11.5m @ 1.8% Cu and 36g/t Ag from 243m (outside Pit – V2)
Hole MO-G-145D
6.2m @ 1.9% Cu and 40g/t Ag from 268m (outside Pit – V2)
Hole MO-G-161D
13.8m @ 2.3% Cu and 60g/t Ag from 248m (below Expansion
Case Pit)
-- Consultants CSA Global have completed a site visit as part of their
engagement to complete the revised Mineral Resource Estimate for the
T3 Project which is expected during June 2018.