Share Prices & Company Research

Market News

09 Jul 2018 | 09:18

Metal Tiger JV in Botswana encounters promising copper shows

Metal Tiger said its Botswana joint venture with MOD Resources had intersected what appeared to be a significant copper sulphide mineralisation from a drill hole at the Kalahari copper belt.

Strong visible copper mineralisation was intersected in veins currently over a 67m downhole interval commencing from 232m to 299m downhole depth, the company said.

The drill was continuing to a deeper depth and other holes were planned.

'We are delighted to report that the latest drill hole testing the core of the A4 Dome has intersected what looks to be significant copper sulphide mineralisation,' chief executive Michael McNeilly said.

'The onsite geologists are particularly excited by the stockwork morphology of the mineralisation, which is a style previously unseen by the JV drilling.'

'This has further implications in that the A4 Dome appears to be an intact dome, so any vein hosted mineralisation deposited within the dome should still be there. Everyone is looking forward to receiving the assay results.'

At 9:18am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was +0.1p at 2.95p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.