Promising results from Botswana for Metal Tiger, MOD

Natural resources investor Metal Tiger reported some promising copper and silver data from Botswana on Thursday, having received further assay results from the drilling programme at target three (T3) in the Kalahari Copper Belt.

Metal Tiger held a 30% interest in the project, as part of a joint venture with ASX-listed MOD Resources.

The AIM-traded company highlighted drill hole MO-G-12R - the third hole drilled at T3.

It intersected 52 metres at 1.0% copper from 78 metres down hole depth, including 14 metres at 3.4% copper and 7.7 grams of silver from 116 metres down hole depth.

Hole MO-G-13R intersected three zones of copper mineralisation starting at 116 metres, for a composite of 53 metres at 1.11% copper.

"The joint venture partners are making tremendous progress with the exploration campaign and we now have multiple drilling rigs active on the ground,” said Metal Tiger chief executive Paul Johnson.

“Exploration drilling is a key test of a project's potential and so far we have been delighted with the exceptional results encountered. Should this drilling success continue, we believe that the joint venture partners will have a very valuable opportunity,” he added.

Johnson confirmed the Metal Tiger qualified person was on site with the MOD technical team in Botswana, reviewing the drilling and sampling procedures and the reverse circulation and diamond core drilling programmes underway at T3.

He said the exploration work was found to comply with industry best practice, and was being conducted in an “organised and efficient” manner.

Drilling continues and we are building our knowledge of the subsurface very proactively. Investors can expect a regular stream of news from Botswana over the coming weeks and months,” Johnson explained.

Metal Tiger shares were trading up on Thursday afternoon, and at 1350 BST were ahead by 5.62% at 4.7p.