Metal Tiger Plc (LON:MTR) and JV partner MOD Resources have announced that copper mineralisation has been intersected in the second hole drilled at the A4 Target on the T3 Dome in Botswana. A month ago the first hole was reported to have intersected multiple traces of mineralisation over 90m; this second hole to have reached the target horizon is reported to have “strong visible copper mineralisation intersected in veins currently over a 67m down-hole interval” from 232m.
RFC Ambrian Comment: Although we await assays from the current drilling, the reporting of strong mineralisation is obviously encouraging and a reminder of the prospectivity of the exploration package that the JV controls along 200km of the Kalahari Copper Belt.
This hole was drilling into the centre of the EM-defined geophysical A4 Target that measures approximately 4km by 2km. The first hole, with weaker mineralisation, was drilled at the eastern end of the anomaly and another hole is underway between the two (this was reported to be nearing the interpreted target sequence).
The JV is planning to complete a DFS on the T3 Copper Project in 1Q19. In the meantime, we anticipate some exciting results from the ongoing exploration programme over the region.