20th Apr 2021 06:54
Metal Tiger PLC - AIM-listed investor in natural resource opportunities - Says joint venture board of Botswana copper explorer Kalahari Metals Ltd has approved a "major" new 7,000 metres drilling programme. Notes programme is focused on "compelling conductive geophysics and structural targets" that are considered prospective for the discovery of copper and silver deposits on the Kalahari copper belt. Says the Kalahari technical team has received additional members experienced in sediment-hosted copper and drill programme management as the project moves into the next stage of exploration.
"We are hopeful that the hard work and diligent studies that the KML technical team have put into the exploration and drill targeting to date will bear fruit," says Metal Tiger Chief Executive Michael McNeilly.
Metal Tiger also notes Southern Gold Ltd's soil sampling results at its Deoken project in South Korea, which "significantly" extended the gold and silver mineralisation zone by at least one kilometre in strike length. Notes drill programme is planned to commence in late April.
Current stock price: 20.50 pence, up 3.8% on Tuesday
Year-to-date change: down 12%
By Zoe Wickens; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
MTR.L