(MENAFN- ProactiveInvestors - UK) Metal Tiger plc (LON:MTR) has identified over 350,000 tonnes of copper so far at its T3 target in Botswana, according to a JORC resource published today.
Total resources were estimated at 28.36Mt at a grade of 1.24% copper and 15.7g/t of silver to give a resource for the prospect of approximately350,200t.
That Total included a high grade core of 182,900t copper and 8.34Moz silver, while 64% of the total resource tonnes were classified in the higher confidence Indicated Resource category.
Metal Tiger owns 30% of the prospect in the Kalahari copper belt with joint venture partner and operator MOD Resources holding the remaining 70%.
Paul Johnson, Metal Tiger's chief executive, said that he hoped further exploration would uncover more metal at the site.
'As the deposit remains open down-dip and along strike, where it is being targeted by current drilling, we look forward to the prospect of increasing and upgrading this initial resource.
'Furthermore, T3 is only the first of a series of high profile targets within the highly prospective region covered by the JV licences.
'There is significant likelihood of more discoveries to be made.'
Johnson added that the deposit was only discovered in March in a previously under-explored region and the fact that the majority of the Resource has been classified as Indicated is especially noteworthy.
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