Michael McNeilly Chief Executive Officer of Metal Tiger commented: “As we continue to make good progress with the T3 Open Pit Feasibility Study we are pleased to report that the preliminary results from the T3 Phase 2 Infill and Expansion Case drilling programme are very encouraging showing the potential that the overall Mineral Resource at T3 can be increased and giving confidence to the Open Pit Expansion Case ore processing model.Preliminary modelling shows that the total mineralisation intersected by drilling to date extends well outside the Resource announced on 24 August 2017 and we are looking forward to the results of the next Resource upgrade scheduled for early June”
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 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).
-- Latest assay results and drill hole intersections support case for
expansion of T3 Open Pit.
-- Recent Expansion Case drill intersections include:
Hole MO-G-124D
17.9m @ 2.0% Cu and 46g/t Ag from 196m3.0m @1.3%Cu and 10g/t Ag from 236m6.0m @1.0%Cu and 20g/t Ag from 242m
Hole MO-G-121D
16.0m @ 1.3% Cu and 22g/t Ag from 174m21.0m @0.7%Cu and 14g/t Ag from 196m
-- T3 Open Pit Phase 2 infill and Expansion Case drilling programme now
effectively complete.
-- Assay results awaited for 34 diamond drill holes with revised Resource
targeted for early June. With intention to convert additional Inferred
Mineral Resources to the Indicated and Measured categories and
increase the overall Resource size.
-- Drilling results will also feed into the Feasibility Study to help
increase confidence in the T3 Expansion Case model (which assumes ore
processing at a rate of 2.5Mtpa for 3yrs before ramping to 4Mtpa for
8yrs) and to help with mine schedule modelling.
