Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, today noted the announcement made earlier today by Cobre Limited (ASX:CBE), the copper exploration company focussed on exploring the Perrinvale Copper Project.
Cobre has an 80% interest in Toucan Gold Pty Ltd, which wholly owns Perrinvale. Metal Tiger has a 19.99% interest in Cobre.
As per the announcement, Cobre has completed processing of the diamond drill core generated from the recent drilling at the Zinco Lago, Schwabe and Monti Prospects at Perrinvale, with final cut core samples due for delivery to the laboratory today.
Cobre now plans to review and report assays in the context of understandings gained from the lithological logging and Down Hole Electromagnetic (“DHEM”) survey results for each prospect when available, which is anticipated to be within a month. The DHEM surveys have also been completed on two reverse circulation drill holes completed beyond the recent diamond drill programme.
Further, having assessed the potential impacts of COVID-19, the Board of Cobre is comfortable that exploration activities can continue uninterrupted whilst awaiting assay results.
Cobre’s announcement can be accessed via the following hyperlink: