METAL TIGER PLC: High Grade Gold Intersections at Southern Gold Aphae Drilling
August 12 2020 - 2:51AM
UK Regulatory
TIDMMTR
Metal Tiger plc
("Metal Tiger" or the "Company")
High Grade Gold Intersections at Southern Gold Aphae
Drilling
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, notes the announcement
from Southern Gold Limited ("Southern Gold"), in which Metal Tiger
owns a 17.1% stake, on drilling results at its Aphae project. The
drilling has shown several high to moderate grade gold/silver
intersections including broad near surface gold mineralisation.
Southern Gold also plans to implement a follow up drilling program
and ground magnetic survey to target extensions with large project
scale prospectivity becoming apparent.
Summary of Southern Gold Aphae intersections:
High to moderate-grade Au-Ag intersections received
including:
-- 0.21m @ 107.5g/t Au and 166g/t Ag
-- 0.17m @ 15.9g/t Au and 23.7g/t Ag
-- 1m @ 5.07g/t Au and 13.8g/t Ag
-- 0.86m @ 5.49g/t Au and 59g/t Ag
-- 0.18m @ 5.92g/t Au and 99g/t Ag
Broad near surface gold mineralised breccia intersected
including:
-- 8.12m @ 1.26g/t Au and 7.8g/t Ag in APDD001
-- 40.72m @ 0.59g/t Au and 14.1g/t Ag in APDD003
Southern Golds' full announcement can be found here:
https://www.asx.com.au/asxpdf/20200812/pdf/44lf2z3cmqddng.pdf
For further information on the Company, visit:
www.metaltigerplc.com
Enquiries:
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/20200811005906/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
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