Metal Tiger confirms substantial new copper zone

Shares in Metal Tiger roared more than 10% higher after it confirmed a substantial new copper zone below the T3 Resource in the Kalahari Copper Belt.

"This New Zone consists of over 72m of 1.5% copper, including over 18m at 2.7% Cu and 52g/t silver," said chief executive Michael McNeilly in a statement.

"If this New Zone mineralisation is shown to be laterally extensive by the continuing deep infill drilling programme, it has the potential to deliver a significant T3 Resource upgrade and further improve the potential project economics," he added.

Metal Tiger's joint-venture partner, MOD Resources, would be taking steps to incorporate these new findings into the ongoing T3 Prefeasibility Study work.

At 10:29 GMT, shares in AIM-listed Metal Tiger were up 10.87% to 2.55p each.