# Metal Tiger Commencement of Perrinvale Project diamond drilling programme

- Link: https://www.directorstalkinterviews.com/metal-tiger-commencement-of-perrinvale-project-diamond-drilling-programme/412804887
- Published: 2020-02-05T13:07:23+00:00
- Author: Amilia Stone

**Metal Tiger plc **(LON:MTR), the London Stock Exchange AIM listed investor in 
strategic natural resource opportunities, has today provided an update on Cobre 
Limited, in which the Company has a 19.99% interest.

Drilling is now underway at the Perrinvale Project, Western Australia, in which 
Cobre hold an 80% interest. It is proposed that the initial programme will include
approximately 1,000m of diamond core drilling at three prospects: Zinco Lago; Schwabe;
and Monti. Work is targeting an extension of the high-grade volcanogenic massive
sulphide (“VMS”) mineralisation identified at the Schwabe Prospect in June 2019 (
5m @ 9.75% Cu, 3.2g/t Au, 34g/t Ag & 3.1% Zn from 50m) as outlined in the Cobre’s
listing prospectus.

The Zinco Lago Prospect is being drilled first, with the objective of investigating
the historically reported near-surface copper and zinc drilling results from the
1970s. The drill rig will then move over to the Schwabe Prospect, with the objective
of extending out the June 2019 high-grade drill intercepts, before finally moving
to the Monti Prospect which has similar geology to the Schwabe Prospect, and which
has surface gossans extending over a 700m strike.

Further details on the drilling programme is set out in the Cobre announcement of
today, which can be accessed via the following hyperlink: [https://www.asx.com.au/asxpdf/20200205/pdf/44dv3hpn2dkfdf.pdf](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.asx.com.au%2Fasxpdf%2F20200205%2Fpdf%2F44dv3hpn2dkfdf.pdf&esheet=52168799&newsitemid=20200205005289&lan=en-US&anchor=https%3A%2F%2Fwww.asx.com.au%2Fasxpdf%2F20200205%2Fpdf%2F44dv3hpn2dkfdf.pdf&index=1&md5=bdf1f9e17519aa36db9c43474899770f)

**Perrinvale Project Background**

In June 2019, Cobre undertook an initial reverse circulation drilling programme 
within the Perrinvale tenements, in order to investigate targets identified by an
earlier electromagnetic survey. At that time, the drilling programme intersected
high-grade VMS style base metal and gold mineralisation at shallow depth. The best
assayed intercept was at the Schwabe Prospect with 5m at 9.8% copper, 3.2g/t gold,
34g/t silver and 3.1% zinc at 50m depth. Subsequently, Cobre completed an airborne
electromagnetic survey within the Perrinvale Project area and identified ten potential
VMS prospects.

**Cobre Background**

Cobre is an Australian based and focused exploration company seeking to create shareholder
value through the successful exploration of base metal projects. It listed on the
ASX in January 2020, under the ticker CBE, in conjunction with an oversubscribed
IPO raising A$10 million.

Cobre is the 80% owner of Toucan Gold Pty Ltd, which holds a group of tenements 
collectively referred to as the Perrinvale Project in central Western Australia.
Michael McNeilly, Chief Executive Officer of Metal Tiger, is a Non-Executive Director
on the Board of Cobre. Further details on Cobre is available on their website: [http://www.cobre.com.au](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cobre.com.au&esheet=52168799&newsitemid=20200205005289&lan=en-US&anchor=http%3A%2F%2Fwww.cobre.com.au&index=2&md5=7bfb4dc1d73befe108eefa0c0357af56).

> **Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:**
> “We are delighted to report the commencement of the Perrinvale Project diamond
> drilling programme, in Western Australia, where Cobre is targeting volcanogenic
> massive sulphide prospects and extensions to the high-grade base metal and gold
> drilling intercepts they made during June 2019. We look forward to further updates
> from Cobre as the work proceeds and when assay results become available.”

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