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29 Apr 2019 | 09:09

Metal Tiger welcomes positive drilling results at Botswana copper prospect

Metal Tiger said positive drilling results had been recorded at investee company MOD Resources' T3 copper project in Botswana.

Highlights included intersecting 21.0 metres at 1.5% cooper and 30 grams per tonne of silver from 118m.

Since commencement of the infill drilling in January, 49 of a planned 60 hole programme had now been completed, with the remaining 11 holes expected to be completed by the end of the first half of 2019.

Metal Tiger owns about 10.3% of MOD.

'We are pleased to report that the infill drilling at MOD's T3 Project in Botswana continues to confirm both high grade copper and wide copper intersections within the planned T3 Open Pit in Botswana,' chief executive Michael McNeilly said.

'The second batch of results continue to support the expectation that a significant portion of the mineral resource can be upgraded to the measured category, helping to further de-risk the attractive mining proposition.'

At 9:09am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was +0.08p at 1.23p

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