Metal Tiger kicks off exploration at Botswana asset
London-listed natural resource investor Metal Tiger has launched an exploration programme at its KML landholding on the Kalahari Copperbelt of Botswana.
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Metal Tiger kicked off its silver-copper search at its 50% joint-venture with Triprop Holdings with a series of airborne high resolution magnetic and AEM surveys, something the company called a "proven cost-effective methodology for delineating copper mineralisation".
The surveys will cover a total of 16,700 line-km, with processed results expected in September.
Loci Environmental, a Botswana-based environmental consultant has been engaged to prepare and obtain environmental permitting in anticipation of a follow-on exploration drilling programme.
Michael McNeilly, chief executive of Metal Tiger, said, "We are very pleased to announce the start of what will, no doubt, be an exciting and hopefully rewarding exploration programme over the two Kalahari Metals Limited Okavango and Ngami Copper Projects in a world-class copper region in Botswana."
"With the Okavango Project located directly along strike from the major Cupric Canyon Capital copper deposits and the Ngami Project located to the north of our T3 Feasibility Stage joint venture project; Metal Tiger enjoys very significant exposure to the potential discovery of new copper and silver deposits," added McNeilly.
As of 1040 BST, Metal Tiger shares had grown 4.93% to 3.15p.