Metal Tiger plc T3 Copper Project continues to confirm both high grade copper and wide copper intersections

Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to provide an update on the infill drilling results at the T3 Copper Project (“T3”), held 100% by MOD Resources Limited, in the Kalahari Copper Belt, Botswana.


Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:

“We are pleased to report that the infill drilling at MOD’s T3 Project in Botswana continues to confirm both high grade copper and wide copper intersections within the planned T3 Open Pit in Botswana. The second batch of results continue to support the expectation that a significant portion of the Mineral Resource can be upgraded to the Measured Category, helping to further de-risk the attractive mining proposition.”

Since commencement of the infill drilling in January 2019, 49 of the planned 60 hole programme have now been completed, with the remaining 11 holes expected to be completed by the end of the first half of 2019.

Assay results having now been received for a total of 36 holes, with the results for the first 11 holes having previously been announced on 12 March 2019. The assay results for the second batch of 25 holes, support the expectation that a significant portion of the Mineral Resources can be upgraded to Measured Category.

It is expected that these results will allow a significant proportion of the current Resource, modelled within the first two stages of open pit production, to be upgraded into the higher confidence JORC (2012) compliant Measured Resource category. Subject to the necessary test work, results may also permit upgrading part of the current Probable Ore Reserve to the Proved Ore Reserve category.

Significant infill results from the second batch of 25 holes, include:
Hole MO-G-199D
21.0m @ 1.5% Cu and 30g/t Ag from 118m, including
10.0m @ 2.0% Cu & 44g/t Ag from 118m
Hole MO-G-200D
26.0m @ 1.8% Cu and 25g/t Ag from 119m, including
6.4m @ 4.6% Cu & 75g/t Ag from 121m
Hole MO-G-201D
16.5m @ 1.8% Cu and 18g/t Ag from 84m
Hole MO-G-202D
60.0m @ 1.0% Cu and 13g/t Ag from 78m
Hole MO-G-203D
11.4m @ 2.1% Cu and 16g/t Ag from 75m
Hole MO-G-204D
41.9m @ 1.4% Cu and 25g/t Ag from 82m, including
4.4m @ 2.6% Cu & 141g/t Ag from 87m
Hole MO-G-212D
16.0m @ 1.9% Cu and 26g/t Ag from 117m
Hole MO-G-217D
20.5m @ 2.2% Cu and 44g/t Ag from 106m

This announcement coincides with an update released today by MOD which can be viewed through the following link: https://www.asx.com.au/asx/share-price-research/company/MOD

T3 Project Significant Infill Drilling Intersections

— Significant drill hole intersections for T3 Project infill drilling programme from the assay results of the second batch of 25 holes (assay results for first batch of 11 holes reported on 12 March 2019):

HOLE_ID

SIGNIFICANT DOWNHOLE INTERSECTIONS

MO-G-198D 6.3m @ 0.6% Cu & 7g/t Ag from 67m
4.3m @ 1.3% Cu & 11g/t Ag from 84m
6.0m @ 0.9% Cu & 4g/t Ag from 92m
4.4m @ 0.9% Cu & 2g/t Ag from 104m

MO-G-199D 10.0m @ 1.4% Cu & 20g/t Ag from 72m
2.1m @ 1.9% Cu & 7g/t Ag from 88m
13.0m @ 0.4% Cu & 5g/t Ag from 95m
21.0m @ 1.5% Cu & 30g/t Ag from 118m, including

— 10m @ 2.0% Cu & 44g/t Ag from 118m

MO-G-200D 23.8m @ 1.2% Cu & 23g/t Ag from 81m, including
9.8m @ 2.0% Cu & 48g/t Ag from 81m
26.0m @ 1.8% Cu & 25g/t Ag from 119m, including

6.4m @ 4.6% Cu & 75g/t Ag from 121m

MO-G-201D 16.5m @ 1.8% Cu & 18g/t Ag from 84m
19.0m @ 2.1% Cu & 37g/t Ag from 111m, including
8.0m @ 4.1% Cu & 76g/t Ag from 121m
8.0m @ 0.8% Cu & 4g/t Ag from 134m
4.4m @ 1.0% Cu & 3g/t Ag from 146m

MO-G-202D 60.0m @ 1.0% Cu & 13g/t Ag from 78m

MO-G-203D 11.4m @ 2.1% Cu & 16g/t Ag from 75m
32.0m @ 1.3% Cu & 16g/t Ag from 117m

MO-G-204D 41.9m @ 1.4% Cu & 25g/t Ag from 82m, including
4.4m @ 2.6% Cu & 141g/t Ag from 87m
3.8m @ 1.1% Cu & 7g/t Ag from 133m

MO-G-205D 11.0m @ 0.9% Cu & 8g/t Ag from 87m
5.0m @ 0.6% Cu & 3g/t Ag from 101m

MO-G-206D 19.8m @ 0.6% Cu & 4g/t Ag from 74m

MO-G-207D 15.0m @ 1.1% Cu & 7g/t Ag from 81m
22.4m @ 1.2% Cu & 20g/t Ag from 119m

MO-G-208D 10.0m @ 0.6% Cu & 2g/t Ag from 40m
9.0m @ 0.9% Cu & 11g/t Ag from 73m
26.4m @ 0.8% Cu & 5g/t Ag from 86m

MO-G-209D 13.0m @ 0.6% Cu & 2g/t Ag from 27m
7.0m @ 1.1% Cu & 3g/t Ag from 44m

MO-G-210D 15.0m @ 1.2% Cu & 8g/t Ag from 86m
13.6m @ 0.9% Cu & 3g/t Ag from 105m

MO-G-211D 28.5m @ 1.0% Cu & 7g/t Ag from 85m
7.0m @ 1.1% Cu & 16g/t Ag from 129m

MO-G-212D 16.0m @ 1.0% Cu & 4g/t Ag from 65m
7.5m @ 0.8% Cu & 10g/t Ag from 97m
16.0m @ 1.9% Cu & 26g/t Ag from 117m

MO-G-213D 22.4m @ 1.5% Cu & 6g/t Ag from 77m
15.2m @ 0.7% Cu & 12g/t Ag from 117m

MO-G-214D 14.0m @ 1% Cu & 4g/t Ag from 63m
9.0m @ 0.5% Cu & 7g/t Ag from 92m

MO-G-215D 12.1m @ 0.9% Cu & 4g/t Ag from 66m
17.0m @ 1.5% Cu & 17g/t Ag from 93m

MO-G-216D 17.0m @ 0.7% Cu & 2g/t Ag from 52m
11.5m @ 0.7% Cu & 5g/t Ag from 94m

MO-G-217D 9.3m @ 1.2% Cu & 5g/t Ag from 77m
20.5m @ 2.2% Cu & 44g/t Ag from 106m

MO-G-218D No significant intersection: outside deposit

MO-G-219D No significant intersection: outside deposit

MO-G-220D 15.3m @ 1.6% Cu & 23g/t Ag from 72m
15.5m @ 0.6% Cu & 6g/t Ag from 103m

MO-G-221D 7.4m @ 1.2% Cu & 5g/t Ag from 83m
19.0m @ 1.4% Cu & 26g/t Ag from 107m

MO-G-222D 18.3m @ 1% Cu & 23g/t Ag from 72m
4.4m @ 1.4% Cu & 7g/t Ag from 116m
NOTES: All down hole intersection ‘from depth’ rounded.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Metal Tiger Plc

    More articles like this

    Metal Tiger Plc

    Top banks say gold may see a record rally by 2021

    Morgan Stanley, JPMorgan, and Goldman Sachs all foresee the gold price rallying by 2021. According to a research paper from Bloomberg, the precious metal’s uptrend can fuel a Bitcoin upsurge. Top financial institutions in the U.S. attribute the positive sentiment

    Metal Tiger Plc

    Copper’s fifth weekly gain

    Copper prices were heading for a fifth consecutive weekly gain on Friday as inventories declined and stock markets rose while demand improved in top consumer China. Investors are increasingly optimistic about an economic rebound, with the mood bolstered

    Metal Tiger Plc

    Copper secures fourth consecutive weekly rise

    Copper futures’ prices rose on Friday and had coffered their fourth consecutive weekly percentage gain as a significant scale of decline in inventories has been pointing towards a turnaround in demands, while traders across the globe were expecting a

    Metal Tiger Plc

    Cooper jumps to 20-week high

    Shanghai copper jumped on Wednesday to its highest level in nearly 20 weeks, recouping almost all of its losses caused by the COVID-19 pandemic on strong demand in China and low stocks. The most-traded July copper contract was

    Metal Tiger Plc

    Metal Tiger Drilling commences at Cobre Perrinvale VHMS Project

    Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, has announced that Cobre Limited (ASX:CBE), in which Metal Tiger owns a c.18.8% interest, has today announced that Cobre’s third drilling programme at

    Metal Tiger Plc

    Copper gains on Trump’s mild Hong Kong response

    Copper prices rose on Monday on solid manufacturing data from China and a milder-than-expected response by the U.S. President Donald Trump on China’s security legislation for Hong Kong. Trump on Friday ordered the process of eliminating special U.S.

    Metal Tiger Plc

    Metal Tiger Critical turning point for the Company

    Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, has this morning announced its audited results for the year ended 31 December 2019. Highlights: Sale of the Group’s 30% interest in Botswana joint

    Metal Tiger Plc

    Preparing for more EVs

    In its 2019 EV Outlook, Bloomberg New Energy Finance (BNEF) gives an overview of where things stand and where they are heading in the electric vehicle (EV) market, both in Europe and globally. The report predicts that by 2040,

    Metal Tiger Plc

    Metal Tiger invest in Trident Resources

    Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, has today announced that it has conditionally subscribed for 2,850,000 new ordinary shares of 1 pence each in Trident Resources PLC (LSE:TRR) at

    Metal Tiger Plc

    Metal Tiger complete further financing arrangement

    Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, has today announced that, further to the Company’s announcement of 17 December 2019, it has entered into a further equity derivative collar financing

    Metal Tiger Plc

    Copper rises on demand hopes

    Copper prices climbed on Monday as the reopening of economies paralyzed by the coronavirus crisis boosted hopes of a revival in demand for metals. Three-month copper on the London Metal Exchange (LME) rose 1% to $5,234.50 a tonne

    No more posts to show