5th May 2016 09:13
LONDON (Alliance News) - Metal Tiger PLC said it had received further encouraging assay results from the drilling programme at its joint venture project with partners MOD Resources in the Kalahari Copper Belt in Botswana.
MOD has a 70% stake in the venture, whilst Metal Tiger has a 30% stake.
"We are very pleased to provide this latest update which materially extends the strike and has identified significant copper and silver mineralisation in the process," said Chief Executive Officer Paul Johnson in a statement.
"The Metal Tiger and MOD teams are eager to push ahead with an expanding drilling programme and rapidly gather more data. Further assays are awaited and drilling has resumed after a scheduled short break. Our aim is to build our project knowledge efficiently and ensure a flow of regular project updates to market," Johnson said.
Shares in Metal Tiger were down 3.8% at 4.52 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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