Here is the Metal Tiger news release last week regarding the commencement of drilling at the Aphrodite prospect.
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Botswana - Target Drilling CommencesRNSRNS Number : 2933PMetal Tiger PLC17 February 2016 Metal Tiger Plc17 February 2016Metal Tiger Plc("Metal Tiger" or the "Company") Botswana - Target Drilling Commences Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce target drilling has commenced in the Kalahari Copper Belt Project, Botswana, held with Joint Venture ("JV") partners MOD Resources (ASX:MOD). Readers wishing to understand the background to Metal Tiger's interests in Botswana are advised to review our announcement on 16 December 2015 confirming the acquisition of licence interests. This announcement can be viewed through the following link: http://www.metaltigerplc.com/index.php/investors/latest-news/418-botswana-kalahari-copper-belt-licences-acquired-20151216t0700 Highlights: ·MOD and Metal Tiger Plc have commenced Phase 1 drilling at the first target "T4" (Aphrodite Prospect) to be tested on the recently acquired DMI licences; ·The T4 drilling will follow up previous DMI widely spaced intersections including 4m @ 2.6% Cu & 40g/t Ag from 81m depth in drill hole APRC 2790 and 7.0m @1.5% Cu & 23g/t Ag from 69.5m depth in drill hole APDD3301 (Refer to DML ASX Announcement 6.2.13.); ·Drilling is then planned to test other targets including "T2" (Mahumo East), "T3" (Mahumo South), "T6" (Molelo-Ourea), "T9" (New Target) and "T10" (Fold Nose); ·Confirmation surface sampling in the Mahumo region is also progressing well. Assay results are awaited from infill sampling of two large (>5km) Cu anomalies at T3 and T6. Paul Johnson, Chief Executive Officer of Metal Tiger said "we are very pleased to confirm the formal commencement of drilling at the Company's JV with MOD Resources. Recognising the importance of our Botswana interests, the Company's Chairman Terry Grammer was on site yesterday to review the drilling programme. The scale and potential of the Kalahari Copper Belt are significant and we are particularly enthused by the numerous high priority targets that MOD have identified, certain of which are included in this initial drill programme. We will be working with MOD Resources to receive and interpret the data received from this programme, along with that from the surface sampling being undertaken concurrently. Results will be released to market at the earliest opportunity." Drilling Programme Information: Metal Tiger is pleased to advise that RC drilling has commenced on the first of a number of targets planned to be tested during the March quarter. Depending on results from this initial drilling phase, certain targets are expected to be selected for deeper diamond drilling. Diamond drilling is also planned to test for resource extensions to 600m depth (Stage Two) below MOD's high grade Mahumo deposit. Concurrent with the Phase 1 drilling, a substantial surface sampling campaign is also underway to infill and potentially extend known Cu anomalies interpreted to occur in a number of structural settings with strong similarities to known deposits elsewhere in the Kalahari Copper Belt. These targets include T3, T6, T7 and T9 where there is minimal or no drilling to date. The objective of the infill sampling is to assist in defining specific drill targets below sand cover. Locations of 10 targets and anomalies are shown in Figure 1 within the MOD Resources ASX announcement, a link to which is provided below. Metal Tiger and MOD Resources are awaiting first assay results from the surface sampling completed at T3 and T6 and will provide an update to shareholders once results are received and interpreted.
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Mr Hanna was the Managing Director of Western Areas NL for 12 years before stepping down from that position in January 2012. He was a co-founder of Western Areas and led the company during its transformation from a $6 million junior explorer to become Australia’s third largest nickel mining company capitalised at more than $800 million
Cannot be too bad having the co - founders ( J Hanna and Terry Grammer ) of Western Areas working together for the shareholders of MOD and Metal Tiger !
MOD Price at posting:
0.5¢ Sentiment: Buy Disclosure: Not Held
