Metal Tiger plc (LON: MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, has today provided an update on the infill drilling results at the T3 Copper Project, held 100% by MOD Resources Limited, in the Kalahari Copper Belt, Botswana.
Since commencement of the infill drilling in January 2019, 49 of the planned 60 hole programme have now been completed, with the remaining 11 holes expected to be completed by the end of the first half of 2019.
Assay results having now been received for a total of 36 holes, with the results for the first 11 holes having previously been announced on 12 March 2019. The assay results for the second batch of 25 holes, support the expectation that a significant portion of the Mineral Resources can be upgraded to Measured Category.
It is expected that these results will allow a significant proportion of the current Resource, modelled within the first two stages of open pit production, to be upgraded into the higher confidence JORC (2012) compliant Measured Resource category. Subject to the necessary test work, results may also permit upgrading part of the current Probable Ore Reserve to the Proved Ore Reserve category.
- Significant infill results from the second batch of 25 holes, include:
- Hole MO-G-199D
- 21.0m @ 1.5% Cu and 30g/t Ag from 118m, including
10.0m @ 2.0% Cu & 44g/t Ag from 118m - Hole MO-G-200D
- 26.0m @ 1.8% Cu and 25g/t Ag from 119m, including
6.4m @ 4.6% Cu & 75g/t Ag from 121m - Hole MO-G-201D
- 16.5m @ 1.8% Cu and 18g/t Ag from 84m
- Hole MO-G-202D
- 60.0m @ 1.0% Cu and 13g/t Ag from 78m
- Hole MO-G-203D
- 11.4m @ 2.1% Cu and 16g/t Ag from 75m
- Hole MO-G-204D
- 41.9m @ 1.4% Cu and 25g/t Ag from 82m, including
4.4m @ 2.6% Cu & 141g/t Ag from 87m - Hole MO-G-212D
- 16.0m @ 1.9% Cu and 26g/t Ag from 117m
- Hole MO-G-217D
- 20.5m @ 2.2% Cu and 44g/t Ag from 106m
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“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. 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.”
T3 Project Significant Infill Drilling Intersections
— Significant drill hole intersections for T3 Project infill drilling programme from the assay results of the second batch of 25 holes (assay results for first batch of 11 holes reported on 12 March 2019):
| HOLE_ID | SIGNIFICANT DOWNHOLE INTERSECTIONS |
| MO-G-198D | 6.3m @ 0.6% Cu & 7g/t Ag from 67m |
| 4.3m @ 1.3% Cu & 11g/t Ag from 84m | |
| 6.0m @ 0.9% Cu & 4g/t Ag from 92m | |
| 4.4m @ 0.9% Cu & 2g/t Ag from 104m | |
| MO-G-199D | 10.0m @ 1.4% Cu & 20g/t Ag from 72m |
| 2.1m @ 1.9% Cu & 7g/t Ag from 88m | |
| 13.0m @ 0.4% Cu & 5g/t Ag from 95m | |
| 21.0m @ 1.5% Cu & 30g/t Ag from 118m, including | |
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| MO-G-200D | 23.8m @ 1.2% Cu & 23g/t Ag from 81m, including |
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| 26.0m @ 1.8% Cu & 25g/t Ag from 119m, including | |
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| MO-G-201D | 16.5m @ 1.8% Cu & 18g/t Ag from 84m |
| 19.0m @ 2.1% Cu & 37g/t Ag from 111m, including | |
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| 8.0m @ 0.8% Cu & 4g/t Ag from 134m | |
| 4.4m @ 1.0% Cu & 3g/t Ag from 146m | |
| MO-G-202D | 60.0m @ 1.0% Cu & 13g/t Ag from 78m |
| MO-G-203D | 11.4m @ 2.1% Cu & 16g/t Ag from 75m |
| 32.0m @ 1.3% Cu & 16g/t Ag from 117m | |
| MO-G-204D | 41.9m @ 1.4% Cu & 25g/t Ag from 82m, including |
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| 3.8m @ 1.1% Cu & 7g/t Ag from 133m | |
| MO-G-205D | 11.0m @ 0.9% Cu & 8g/t Ag from 87m |
| 5.0m @ 0.6% Cu & 3g/t Ag from 101m | |
| MO-G-206D | 19.8m @ 0.6% Cu & 4g/t Ag from 74m |
| MO-G-207D | 15.0m @ 1.1% Cu & 7g/t Ag from 81m |
| 22.4m @ 1.2% Cu & 20g/t Ag from 119m | |
| MO-G-208D | 10.0m @ 0.6% Cu & 2g/t Ag from 40m |
| 9.0m @ 0.9% Cu & 11g/t Ag from 73m | |
| 26.4m @ 0.8% Cu & 5g/t Ag from 86m | |
| MO-G-209D | 13.0m @ 0.6% Cu & 2g/t Ag from 27m |
| 7.0m @ 1.1% Cu & 3g/t Ag from 44m | |
| MO-G-210D | 15.0m @ 1.2% Cu & 8g/t Ag from 86m |
| 13.6m @ 0.9% Cu & 3g/t Ag from 105m | |
| MO-G-211D | 28.5m @ 1.0% Cu & 7g/t Ag from 85m |
| 7.0m @ 1.1% Cu & 16g/t Ag from 129m | |
| MO-G-212D | 16.0m @ 1.0% Cu & 4g/t Ag from 65m |
| 7.5m @ 0.8% Cu & 10g/t Ag from 97m | |
| 16.0m @ 1.9% Cu & 26g/t Ag from 117m | |
| MO-G-213D | 22.4m @ 1.5% Cu & 6g/t Ag from 77m |
| 15.2m @ 0.7% Cu & 12g/t Ag from 117m | |
| MO-G-214D | 14.0m @ 1% Cu & 4g/t Ag from 63m |
| 9.0m @ 0.5% Cu & 7g/t Ag from 92m | |
| MO-G-215D | 12.1m @ 0.9% Cu & 4g/t Ag from 66m |
| 17.0m @ 1.5% Cu & 17g/t Ag from 93m | |
| MO-G-216D | 17.0m @ 0.7% Cu & 2g/t Ag from 52m |
| 11.5m @ 0.7% Cu & 5g/t Ag from 94m | |
| MO-G-217D | 9.3m @ 1.2% Cu & 5g/t Ag from 77m |
| 20.5m @ 2.2% Cu & 44g/t Ag from 106m | |
| MO-G-218D | No significant intersection: outside deposit |
| MO-G-219D | No significant intersection: outside deposit |
| MO-G-220D | 15.3m @ 1.6% Cu & 23g/t Ag from 72m |
| 15.5m @ 0.6% Cu & 6g/t Ag from 103m | |
| MO-G-221D | 7.4m @ 1.2% Cu & 5g/t Ag from 83m |
| 19.0m @ 1.4% Cu & 26g/t Ag from 107m | |
| MO-G-222D | 18.3m @ 1% Cu & 23g/t Ag from 72m |
| 4.4m @ 1.4% Cu & 7g/t Ag from 116m |
NOTES: All down hole intersection ‘from depth’ rounded.
