Michael McNeilly Chief Executive Officer of Metal Tiger commented:
“We are delighted to announce the outstanding assay results for hole MO-A4-003D on the A4 Dome. It is particularly exciting that the 52m intersection is reminiscent of the T3 Deposit discovery hole, back in March 2016 (52m @2% Cu and 32g/t Ag).
With a pipeline of drill targets identified from aerial electromagnetic geophysics in addition to those on the A4 Dome and A1 Dome, within the wider T3 Dome Complex, we are confident we have the potential for further T3 scale discoveries within the JV exploration holding”.
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, today provided 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).
Highlights:
Assay results confirm outstanding copper intersection at A4 Dome, located 8km from T3 Project:
Hole MO-A4-003D, down hole intersections:
52m @ 1.5% Cu & 14g/t Ag from 232m, including
15.5m @ 2.9% Cu & 42g/t Ag, from 269m
4.4m @ 5.3% Cu & 90g/t Ag from 280m, and
1.9m @ 2.5% Cu & 39g/t Ag from 367m
Individual narrow (<1m) veins occur throughout the 52m intersection, ranging from 7.8% Cu, up to 15.4% Cu. The highest silver assay of 476g/t Ag is associated with 15.4% Cu at the base of the 52m intersection.
Mineralisation is stockwork-type, hosted in a sandstone sequence and remains completely open at depth and along strike.
At the A1 Dome 26km east of the A4 Dome, the second hole (MO-A1-002D), has intersected vein hosted bornite and is currently drilling through visible mineralisation.
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
A4 Dome Drilling Update
The circa 5km long A4 Dome is located 8km from the 60Mt T3 Pit Project and planned processing plant.
The A4 Dome and the A1 Dome, together with the T3 Deposit, form part of the ~700km2 T3 Dome Complex.
Additional MO-A4-003D assay results are currently awaited, for a potentially significant chalcocite zone, consisting a 6.3m interval of vein and disseminated chalcocite and bornite mineralisation at 587m down hole depth, at the prospective NPF contact, circa 290m below the vein stockwork.
Assay results are also awaited for MO-A4-004D located 150m to the north of MO-A4-003D.
The NPF contact hosts most of the resources in the eastern Kalahari Copper Belt, including the 100Mt @ 2% Cu ‘Zone 5’ underground resource planned to be developed by Cupric Canyon Capital, along strike from the T3 Dome Complex.
Four drill rigs are now testing extensions to the vein stockwork and NPF contact mineralisation, at depth and along strike on 200m spaced sections. Additional drill rigs are being sourced to accelerate drilling along the axis of the A4 Dome.
A1 Dome Drilling Update
MO-A1-002D, the second hole to test the large A1 Dome located 26km east of A4 Dome, has intersected approximately 4m of visible, vein hosted bornite up to the current depth of this hole at 194m.
Two drill rigs are currently operating at the A1 Dome.
In addition to its 30% interest in the JV, Metal Tiger holds 13,880,042 MOD shares, equivalent to 5.996 % of MOD’s issued share capital and 154,167 MOD options each exercisable price of 6 cents (Australian) on or before 15 April 2019.
