METAL TIGER PLC: Cobre Limited Initial Assay Results
July 20 2020 - 4:07AM
UK Regulatory
TIDMMTR
20 July 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Cobre Limited Initial Assay Results
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to announce
that Cobre Limited (ASX: CBE) ("Cobre"), in which Metal Tiger owns
a c.18.8% interest, has today announced new high-grade massive
sulphide copper at the Schwabe Prospect of its Perrinvale.
Highlights:
-- Initial assay results from Cobre's third drilling program at the
Perrinvale VHMS Project received;
-- First diamond core hole at Schwabe Prospect has identified additional
VHMS mineralisation adjacent to previous drill results, with two massive
sulphide zones intercepted at shallow depth, including:
-- 3.5m @ 3.4% Cu, 0.8% Zn, 0.10% Co, 368 ppm Pb, 1.1 g/t Au, 16.5
g/t Ag from 48.0m; and
-- 3.5m @ 2.0% Cu, 1.4% Zn, 0.07% Co, 344 ppm Pb, 0.3 g/t Au, 7.4 g/t
Ag from 54.5m
-- Follow-up RC drilling at Schwabe indicates the VHMS mineralisation
horizon extends both north and south of the main prospect area;
-- Visual observation from drilling at the Zinco Lago, Zinco Rame and Lago
Rame prospects confirm continuity and indicates a second mineralised
horizon along trend to the east; and
-- Majority of assays pending, with results expected to be released in the
coming weeks.
Cobre's full announcement including maps of prospect locations
can be found here:
https://www.asx.com.au/asxpdf/20200720/pdf/44kns4hqgf602c.pdf
Mr Michael McNeilly, Chief Executive Officer of Metal Tiger,
said:
"As noted by Martin Holland, Executive Chairman and MD of Cobre,
we are pleased that the early results from Cobre's third drilling
campaign at the Perrinvale Project has identified the presence of
additional VHMS mineralisation in the company's exploration area.
In particular, preliminary drill results suggest continuity of the
mineralised interflow horizon to the north and south of the
high-grade massive sulphides at the Schwabe Prospect. Furthermore,
the discovery of a second package of interflow sediments to the
east of the existing Zinco Lago -- Lago Rame gossan trend is also
highly encouraging and we continue to look forward to further
results from this increasingly exciting project."
For further information on the Company, visit
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited (Nominated Tel +44 (0)20 7409 3494
James Dance Adviser)
Jack Botros
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger plc is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") with the trading code MTR and
invests in high potential mineral projects with a base, precious
and strategic metals focus.
The Company's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector. Metal Tiger has two investment divisions: Equity
Investments and Project Investments.
Equity Investments invests in undervalued natural resource
companies. The majority of its investments are listed on AIM, the
TSX and the ASX, which includes its interest in Sandfire Resources
Limited (ASX: SFR). The Company also considers selective
opportunities to invest in private natural resource companies,
typically where there is an identifiable path to IPO. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200720005234/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
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