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Tiger Tiger London, Piccadilly Circus | Guestlist, Bookings ... | Tiger Tiger Dress Code LondonMetal Tiger plc (LON: MTR), the London Stock Exchange AIM listed broker in cardinal accustomed ability opportunities, is admiring to accommodate an amend apropos the Company's Collective Adventure ('JV') action with accomplice MOD Assets Limited (ASX: MOD) in the Kalahari Chestnut Belt in Botswana (70% MOD Resources/30% Metal Tiger).
["400px"]Metal Tiger additionally holds 95,543,934 MOD shares, agnate to 5.044% of MOD's issued allotment basic and 1,541,667 MOD warrants at an exercise amount of 6 cents (Australian).
Highlights
Drill amount assays forth bang from planned T3 accessible pit affirm high-grade attitude intersections and body aplomb in the conceptual underground mining potential.
Mineralised veins now arise to be connected over an continued 1,400m bang length.
Headline intersections from the 6 holes accustomed include: o Aperture MO-G-80D
4.5m @ 4.0% Cu & 65 g/t Ag from 254m abreast western absolute of drilling. o Aperture MO-G-81D
11.0m @ 1.5% Cu & 19 g/t Ag from 186m abreast eastern absolute of drilling.
Re-interpretation of Aerial Electromagnetic (AEM) geophysics abstracts with three-dimensional (3D) modelling suggests the 200-300m blubbery T3 mineralisation host arrangement may abide forth bang for up to 11km. Conduct to analysis the archetypal has commenced.
Michael McNeilly Chief Executive Officer of Metal Tiger commented: 'The latest accumulation of assignment amount assays from our T3 Copper/Silver action abide to body on the abeyant of the deposit.With all six holesreturning cogent intersections and higher-grade zones, from alfresco the borders and forth bang of the accepted pit shell, the abeyant for approaching mining, be that open-pit or open-pit and underground, continues to grow.
The reinterpretation of aerial geophysics in affiliation with the latest compassionate of the cartography acquired from conduct after-effects has generated a three-dimensional archetypal of the T3 mineralisation host arrangement for assignment testing.With a abeyant 11km of consistent 3D archetypal bang breadth to be tested, we are aflame by the abeyant of award further, as-yet hidden, chestnut mineralisation.
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Tiger Tiger London, Piccadilly Circus | Guestlist, Bookings ... | Tiger Tiger Dress Code LondonWe attending advanced to accouterment added agitative updates as the assorted assignment streams abide appear the appointed Prefeasibility Abstraction allegation in December.'
T3 Conduct Programme Update
Assay after-effects accustomed from a added 6 design assignment holes amid alfresco and forth bang from the eastern and western banned of planned T3 Accessible Pit (MO-G-74D, MO-G-76D, MO-G-78D, MO-G-79D, MO-G-80D and MO-G-81D).
Assays affirm cogent mineralisation continues, and charcoal open, forth bang from planned T3 Accessible Pit mine. Total bang breadth of mineralisation now about 1,400m.
Four holes MO-G-74D, MO-G-76D, MO-G-79D and MO-G-80D, were appear as accepting beheld chestnut mineralisation intersections in the advertisement of 3rd October 2017.
High-grade chestnut veins, intersected by the 4 holes, are interpreted to associate with all-encompassing shallow-dipping veins (V1 to V4) articular within, beneath and down-dip of the planned T3 Accessible Pit.
High-grade veins frequently action aloft cogent widths of Area 3 about lower brand but potentially boundless broadcast chestnut mineralisation. Area 3 is about 200m beneath Area 2 and 300m beneath the top of the Area 1 T3 Resource.
Latest high-grade copper/silver intersections body on the absolute high-grade attitude intersections which are actuality adjourned as a abeyant underground mining ambition adulatory to the accessible pit, in the advancing conceptual underground mining study.
T3 Dome Bounded Analysis & Geophysics Update
Current T3 Dome bounded analysis targets accommodate Aerial Electromagnetic (AEM) geophysics anomalies articular from the analysis completed in July 2017. The AEM anomalies action aural an 8km advanced area extending forth the 50km continued bang of the analysis area; calm with chestnut geochemical anomalies articular by analytical clay sampling.
["400px"]Re-interpretation of the AEM geophysics analysis abstracts for the T3 Dome has been completed. This has accepted the abeyant of abounding of the alone AEM targets for assignment testing (as appear 21 July 2017).
Systematic admiration of the AEM abstracts on 100m spaced T3 Dome cantankerous sections, appears to accept authentic the 3D structural geometry of the T3 host sequence, to about 500m beneath surface.
A sixth design assignment rig has accustomed onsite and conduct has commenced to actuate the antecedent of a 11km long, canoe shaped, bank west coast conductive aberration which extends 4-5kms either ancillary of the accepted T3 deposit. With the aboriginal aperture about 2km east of T3.
Drilling has commenced to analysis the aboriginal AEM aberration 'A16' (hole MO-G-106D) about 1km arctic of T3. A16 is amid abreast to the new 3D conductive aberration and may accommodate added structural advice to clarify the model.
The Background
The T3 Action is amid on the Kalahari Chestnut Belt in arctic Botswana and is allotment of the MOD/MTR collective adventure Botswana Copper/Silver Project. T3 is amid aural the axial allotment of the T3 Dome (approximately 1,000km2), which is the focus of rapidly accretion analysis action undertaken by the JV. Two cogent assets accept been apparent to date aural the T3 Dome: T1 (Mahumo drop 100% MOD) and T3 (70% MOD / 30% MTR).
The T3 drop was apparent in March 2016 back a about-face apportionment ('RC') assignment aperture intersected 52m @ 2.0% Cu and 32g/t Ag from bank depth. The beginning T3 JORC (2012) adjustable Mineral Ability was appear on 26 September 2016 with the aboriginal Ability advancement appear on 24 August 2017. The after-effects of a Scoping Abstraction for an accessible pit abundance at T3 with a 2Mtpa processing plant, an apocalyptic abundance activity of 10 years and an boilerplate assembly amount of 21,800tpa of chestnut and 665,000oz pa of argent was appear on 6 December 2016. Assignment on a Pre-Feasibility Abstraction (PFS) commenced in January 2017 and added added chestnut mineralisation was apparent beneath the T3 Ability in February 2017.
The T3 Prospect geological abstracts and analysis after-effects accept been advised and accustomed by Jacques Janse van Rensburg, BSc (Hons), Business Development Manager and Competent Person for MOD Assets Ltd. Mineral Ability admiration and allocation of the T3 Copper/Silver Action was conducted and accustomed by Mr A.I. Pretorius, MSc. Pri.Sci.Nat. an absolute adviser to MOD Assets Ltd.
The accepted appearance of conduct at the T3 Copper/Silver Drop commenced on 7th August 2017, with approval accepted for the recommencement of both design amount (DC) and about-face apportionment (RC) conduct at the T3 Action and its vicinity, through to December 2018. This includes up to 70 planned design amount assignment holes advised to infill the accepted Ability and analysis for accessible extensions. The cold of the infill affairs is to admission geological aplomb and advancement categorisation of the T3 Resource. The programme additionally includes filigree conduct to investigate the abeyant for an underground Ability down-dip and forth bang from the planned open-pit, and to investigate geophysical targets.
The abstruse advice independent in this acknowledgment has been apprehend and accustomed by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a able geologist who acts as the Competent Person beneath the AIM Rules - Note for Mining and Oil & Gas Companies.Mr O'Reilly has visited the T3 armpit and advised MOD's conduct and sampling protocols and procedures. Mr O'Reilly is a Principal adviser alive for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to accommodate abstruse support.
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Contact Us, Opening Hours, Dress Code - Tiger Tiger London | Tiger Tiger Dress Code LondonContact:
Michael McNeilly
Tel: 44(0)20 7099 0738
Notes to Editors
Metal Tiger plc is listed on the London Stock Exchange AIM Market ('AIM') with the trading cipher MTR and invests in aerial abeyant mineral projects with a adored and cardinal metals focus.
The Company's ambition is to bear a actual aerial acknowledgment for shareholders by advance in decidedly undervalued and/or aerial abeyant opportunities in the mineral analysis and development area timed to coincide, area possible, with a alternate accretion in the analysis and mining markets. The Company's key cardinal cold is to ensure the administration to shareholders of above allotment accomplished from disposals.
Metal Tiger's Metal Projects Division is focused on the development of its key action interests in Botswana, Spain and Thailand. In Botswana, Metal Tiger has a growing absorption in the ample and awful -to-be Kalahari copper/silver belt. In Spain, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production date silver/lead/zinc mines as able-bodied as licences, applications and analytical actual abstracts accoutrement antimony, copper, gold, silver, advance and zinc opportunities.
The Company has admission to a assorted activity of new opportunities focused on the accustomed ability area including concrete ability projects, new accustomed ability centred technologies and ability area accompanying fintech opportunities. Activity projects accounted commercially applicable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) accomplice with whom the Company is engaged.
(C) 2017 Electronic News Publishing, antecedent ENP Newswire
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