Metal Tiger posts promising copper data from Kalahari

Strategic natural resource opportunities investor Metal Tiger updated the market on Monday, over the regional exploration results at its joint venture project with MOD Resources in Botswana’s Kalahari Copper Belt.

The AIM-traded firm said T2 - the first of the new copper anomalies identified by regional soil geochemistry sampling - has confirmed copper mineralisation in the first two reverse circulation holes drilled at T2 West, located 20 kilometres north of the T3 resource drilling area.

Metal Tiger’s board said T2 is the first new joint venture target to be drilled since the discovery of T3 in March 2016.

It said MO-G-52R and MO-G-53R are the first two holes in an initial programme of target test drilling which commenced on 10 August, and both holes intersected copper oxide and sulphide minerals at shallow depth.

MO-G-52R intersected 15 metres of visible copper oxide and sulphide mineralisation from 55 metres downhole, the board confirmed, and MO-G-53R intersected 10 metres of visible copper oxide and sulphide mineralisation from 8 metres downhole.

“I am delighted to report the confirmation of new copper mineralisation at T2 West following drill testing of the soil sampling anomalies we reported on 13 July 2016,” said Metal Tiger CEO Paul Johnson.

“Given the tenor of the soil copper anomalies at T2 East and T2 West, at over three times higher than the 28ppm Cu anomalies that led to the discovery of T3, we had expected the drilling to show copper mineralisation.”

Johnson said given the shallow depth of that mineralisation, and apparently significant mineralised intersections, the company is especially looking forward to receiving the assay data in order to establish actual intersection grades and widths.

“In the meantime, we are also excited by the prospect of further copper intersections, down-dip and along strike at T2 West.”

Metal Tiger currently holds 30% of the joint venture, with MOD Resources holding the remaining 70%.