Drilling at Metal Tiger's Botswana asset intersects new copper zones

Equity investment group Metal Tiger said on Tuesday that drilling at its joint-venture with MOD Resources in Botswana had intersected multiple new zones containing visible copper mineralisation about 300 metres northeast of the main site.

Metal Tiger reported that copper mineralisation extended over a strike length of 1.5km.

MOD was said to be continuing its work across the asset with seven drill rigs operational at the time of the update.

The firm said work on a pre-feasibility study was being carried out aimed at increasing modelled ore processing rates by 25% above what had been projected in its scoping study in order to reflect the heightened mineral resource and inventory levels, as well as the strengthening copper price.

Michael McNeilly, chief executive of Metal Tiger said, "Since drilling recommenced in August, the Tshukudu team have completed over 6,100 metres of drilling with a total of 19 diamond holes completed or in progress."

"Very excitingly, 50m wide zones of visible copper mineralisation have been logged in [the] core from four holes drilled along strike from the current T3 Mineral Resource. We eagerly await the assay results from these holes, and other holes, which point to the potential for major strike and down-dip extensions to the current Resource," added McNeilly.

The T3 Project was located on the "highly prospective" Kalahari Copper Belt in northern Botswana.

As of 0900 BST, Metal Tiger shares were up 4.16% to 1.90p.