# Metal Tiger Plc Botswana Copper/Silver Project – T3 Drilling Update

- Link: https://www.directorstalkinterviews.com/metal-tiger-plc-botswana-copper-silver-project-t3-drilling-update/412751615
- Published: 2018-05-24T07:21:39+01:00
- Author: Giles Arbor

**Metal Tiger plc** (LON:MTR), the London Stock Exchange AIM listed investor in 
strategic natural resource opportunities, has today provided an update regarding
the Company’s Joint Venture (“JV”) project with partner **MOD Resources Limited**(
ASX:MOD) (“MOD”) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% 
Metal Tiger).

**Highlights:**

 * T3 (Motheo) Pit Resource Infill and Extension Programme drilling complete. Assay
   results for all holes to be included in the revised Mineral Resource Estimate
   have been received.
 * Programme objective is to convert current Inferred Resources to the Indicated
   and Measured Resource category and extend the total Mineral Resource to support
   the Expansion Case model in the Prefeasibility Study (announced 31 January 2018).
 * Assays received to date in line with expectation, with significant intersections
   outlined below, including:
    Hole MO-G-130D 35.0m @ 2.0% Cu and 34g/t Ag from 
   102m (within Base Case Pit) Hole MO-G-131D 16.0m @ 1.1% Cu and 10g/t Ag from 
   76m (within Base Case Pit) Hole MO-G-146D 31.9m @ 1.0% Cu and 9g/t Ag from 183m(
   below Expansion Case Pit) Hole MO-G-132D 11.5m @ 1.8% Cu and 36g/t Ag from 243m(
   outside Pit – V2) Hole MO-G-145D 6.2m @ 1.9% Cu and 40g/t Ag from 268m (outside
   Pit – V2) Hole MO-G-161D 13.8m @ 2.3% Cu and 60g/t Ag from 248m (below Expansion
   Case Pit)
 * Consultants CSA Global have completed a site visit as part of their engagement
   to complete the revised Mineral Resource Estimate for the T3 Project which is
   expected during June 2018.

> **Michael McNeilly Chief Executive Officer of Metal Tiger commented:** “We are
> delighted to report that all assay results required for the Mineral Resource upgrade
> work at our T3 Project have been received, our consultants CSA Global have completed
> their site visit review and will now be transferring the assay data into their
> Resource models. Concurrently we can also report that with 50 holes completed 
> to date for the Underground Resource Extension Drilling Programme the JV will 
> soon be in a position to start estimating a T3 Underground Resource.”

**T3 (Motheo) Pit Update**

 * Geotechnical drilling programme for the Expansion Case has commenced, with 8 
   geotechnical holes planned.
 * Sterilisation drilling is underway below the planned T3 plant and other surface
   infrastructure.
 * Four diamond drill rigs are active at T3 with three rigs being used to expedite
   the geotechnical and sterilisation programmes which are critical path items for
   the ongoing T3 Pit Feasibility Study.
 * Consultants CSA Global have completed a site visit as part of their engagement
   to complete the revised Mineral Resource Estimate for the T3 Project.

**T3 Underground Resource Extension Programme**

 * Approximately 50 diamond core drill holes in the T3 Underground Resource Programme
   have been completed.
 * Continuity of two high grade veins V1 and V3 has been demonstrated by drilling
   to date along a 1,500m strike length at T3.
 * Significant intersections for veins (V1 – V4) outside of the open pit shells 
   are included in the results list below.

 

**T3 (Motheo) Pit Resource Infill and Extension Drill intersections**

 * Key down-hole intersections from the latest batch of diamond drill hole assay
   results for the T3 Phase 2 Infill & Extension drilling programme with Pit Model
   and interpreted vein id, include:
 * Hole MO-G-125D
    7.0m @ 1.0% Cu & 25g/t Ag from 277m (Zone 2, V2) 5.0m @ 0.9% 
   Cu & 11g/t Ag from 368m (Zone 2, V4) 35.0m @ 0.3% Cu & 3g/t Ag from 395m (NPF
   Contact) 2.0m @ 2.9% Cu & 19g/t Ag from 432m (NPF Contact) 20.5m @ 0.3% Cu & 
   3g/t Ag from 434m (NPF Contact)
 * Hole MO-G-128D
    2.7m @ 1.7% Cu & 43g/t Ag from 320m (Zone 2, V1)
 * Hole MO-G-129D
    8.0m @ 1.2% Cu & 9g/t Ag from 101m (Base Case Pit)
 * Hole MO-G-130D
    4.0m @ 1.3% Cu & 6g/t Ag from 67m (Base Case Pit) 12.0m @ 1.1%
   Cu & 4g/t Ag from 85m (Base Case Pit) 35.0m @ 2.0% Cu & 34g/t Ag from 102m (Base
   Case Pit) 5.0m @ 1.0% Cu & 7g/t Ag from 151m (Base Case Pit) 1.7m @ 1.4% Cu &
   17g/t Ag from 159m (Base Case Pit) 10.5m @ 1.2% Cu & 19g/t Ag from 208m (Expansion
   Pit) 3.0m @ 1.2% Cu & 17g/t Ag from 301m
 * Hole MO-G-131D
    16.0m @ 1.1% Cu & 10g/t Ag from 76m (Base Case Pit)
 * Hole MO-G-132D
    10.7m @ 1.2 % Cu & 18g/t Ag from 203m (Zone 2, V1) 11.5m @ 1.8%
   Cu & 36g/t Ag from 243m (Zone 2, V2)
 * Hole MO-G-133D
    2.2m @ 2.0% Cu & 22g/t Ag from 294m (Zone 2, V2) 7.0m @ 0.5% 
   Cu & 7g/t Ag from 366m (NPF Contact) 1.7m @ 1.4% Cu & 19g/t Ag from 389m (NPF
   Contact) 7.6m @ 0.5% Cu & 6g/t Ag from 392m (NPF Contact)
 * Hole MO-G-134D
    16.0m @ 0.9 % Cu & 5g/t Ag from 55m (Base Case Pit)
 * Hole MO-G-135D
    4.7m @ 0.6% Cu & 6g/t Ag from 47m (Base Case Pit) 5.1m @ 1.1%
   Cu & 6g/t Ag from 55m (Base Case Pit) 19.0m @ 0.8% Cu & 26g/t Ag from 254m (Expansion
   Pit)
 * Hole MO-G-139D
    6.0m @ 1.5 % Cu & 38g/t Ag from 294m (Zone 2, V2) 3.0m @ 1.1%
   Cu & 13g/t Ag from 360m (Zone 2, V4) 28.0m @ 0.4% Cu & 5g/t Ag from 455m (NPF
   Contact)
 * Hole MO-G-143D
    7.0m @ 1.3% Cu & 27g/t Ag from 183m (Zone 2, V2)
 * Hole MO-G-144D
    17.6m @ 0.9% Cu & 5g/t Ag from 145m (Expansion Pit) 3.5m @ 1.1%
   Cu & 27g/t Ag from 194m (Zone 2, V3)
 * Hole MO-G-145D
    6.2m @ 1.9 % Cu & 40g/t Ag from 268m (Zone 2, V1)
 * Hole MO-G-146D
    31.9m @ 1.0 % Cu & 9g/t Ag from 183m (Below Expansion Pit) 11.0m@
   1.1% Cu & 25g/t Ag from 218m (Zone 2, V2) 9.8m @ 0.8% Cu & 19g/t Ag from 259m(
   Zone 2, V3)
 * Hole MO-G-147D
    10.0m @ 0.7 % Cu & 3g/t Ag from 231m (Zone 2, V1) 5.0m @ 1.2%
   Cu & 28g/t Ag from 261m (Zone 2, V2)
 * Hole MO-G-151D
    8.0m @ 1.4% Cu & 10g/t Ag from 115m (Base Case Pit)
 * Hole MO-G-152D
    10.0m @ 0.9% Cu & 21g/t Ag from 276m (Zone 2, V1)
 * Hole MO-G-153D
    6.0m @ 1.5 % Cu & 12g/t Ag from 176m (Expansion Pit)
 * Hole MO-G-154D
    18.0m @ 1.0 % Cu & 16g/t Ag from 204m (Expansion Pit) 10.1m @
   0.9% Cu & 16g/t Ag from 235m (Expansion Pit)
 * Hole MO-G-155D
    17.7m @ 1.1 % Cu & 6g/t Ag from 108m (Base Case Pit) 24.8m @ 
   1.3% Cu & 4g/t Ag from 152m (Base Case Pit)
 * Hole MO-G-156D
    12.6m @ 0.9 % Cu & 9g/t Ag from 186m (Expansion Pit) 14.0m @ 
   1.0% Cu & 21g/t Ag from 235m (Expansion Pit)
 * Hole MO-G-157D
    16.8m @ 0.9 % Cu & 14g/t Ag from 206m (Expansion Pit) 8.0m @ 
   0.5% Cu & 19g/t Ag from 237m (Zone 2, V2)
 * Hole MO-G-158D
    11.0m @ 1.4 % Cu & 22g/t Ag from 192m (Expansion Pit) 10.0m @
   0.9% Cu & 19g/t Ag from 315m (Zone 2, V4)
 * Hole MO-G-159D
    15.0m @ 1.1 % Cu & 13g/t Ag from 164m (Zone 2, V2)
 * Hole MO-G-160D
    2.0m @ 1.1 % Cu & 6g/t Ag from 134m (Base Case Pit) 12.0m @ 0.7%
   Cu & 3g/t Ag from 140m (Base Case Pit) 1.3m @ 5.9% Cu & 134g/t Ag from 168m (
   Base Case Pit) 2.3m @ 1.4% Cu & 17g/t Ag from 198m (Zone 2, V3 / Base Case Pit)
 * Hole MO-G-161D
    17.9m @ 1.1 % Cu & 13g/t Ag from 193m (Expansion Pit) 22.3m @
   1.6% Cu & 39g/t Ag from 248m, including 13.8m @ 2.3% Cu & 60g/t Ag from 248m (
   Below Expansion Pit)
 * Hole MO-G-162D
    4.2m @ 0.7 % Cu & 23g/t Ag from 138m (Zone 2, V2) 1.5m @ 6.3%
   Cu & 106g/t Ag from 156m (Zone 2, V2)
 * Previous assay results were announced 26 March 2018.

**T3 Dome Complex**

Two rigs have commenced drilling at the T3 Dome complex, as part of the major drilling
campaign to test numerous geophysical targets along the T3 Dome Complex (announced
on 15 May 2018).

**Background information on the T3 Project**

The T3 Project is located on the Kalahari Copper Belt in northern Botswana and is
part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located 
within the central part of the T3 Dome (approximately 1,000km2), which is the focus
of rapidly increasing exploration activity undertaken by the JV. Two significant
resources have been discovered to date within the T3 Dome: T1 (Mahumo deposit 100%
MOD) and T3 (70% MOD / 30% MTR).

The T3 Deposit was discovered in March 2016 when a reverse circulation (“RC”) drill
hole intersected 52m @ 2.0% Cu and 32g/t Ag from shallow depth. The maiden T3 JORC(
2012) compliant Mineral Resource was announced on 26 September 2016 with the first
Resource upgrade announced on 24 August 2017. The results of a Scoping Study for
an open pit mine at T3 with a 2Mtpa processing plant, an indicative mine life of
10 years and an average production rate of 21,800tpa of copper and 665,000oz pa 
of silver was released on 6 December 2016. Work on a Pre-Feasibility Study (PFS)
commenced in January 2017 and additional deeper copper mineralisation was discovered
below the T3 Resource in February 2017.

The T3 Prospect geological data and exploration results have been reviewed and approved
by Jacques Janse van Rensburg, BSc.(Hons), Business Development Manager and Competent
Person for MOD Resources Ltd. Mineral Resource estimation and classification of 
the T3 Copper/Silver Project was conducted and approved by Mr A.I. Pretorius, MSc.
Pri.Sci.Nat. an independent consultant to MOD Resources Ltd.

The Phase 2 drilling at the T3 Copper/Silver Deposit commenced on 7th August 2017,
with approval granted for the recommencement of both diamond core (DC) and reverse
circulation (RC) drilling at the T3 Project and its vicinity, through to December
2018. This includes up to 70 planned diamond core drill holes designed to infill
the current Resource and test for possible extensions. The objective of the infill
program is to increase geological confidence and upgrade categorisation of the T3
Resource. The programme also includes grid drilling to investigate the potential
for an underground Resource down-dip and along strike from the planned open-pit,
and to investigate geophysical targets. Drilling approval has been granted for the
wider T3 Dome with the acceptance of the T3 Dome EMP announced on 3 April 2018.

The results of the T3 Open Pit Pre-Feasibility Study were announced on 31st January
2018. The T3 Open Pit Feasibility Study, towards a decision to mine, is currently
underway.

The technical information contained in this disclosure has been read and approved
by Mr Nick O’Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who acts
as the Competent Person under the AIM Rules – Note for Mining and Oil & Gas Companies.
Mr O’Reilly has visited the T3 site and reviewed MOD’s drilling and sampling protocols
and procedures. Mr O’Reilly is a Principal consultant working for Mining Analyst
Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

In addition to its 30% interest in the JV, Metal Tiger holds 138,800,415 MOD shares,
equivalent to 5.996 % of MOD’s issued share capital and 1,541,667 MOD options each
exercisable price of 6 cents (Australian) on or before 15 April 2019.

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