METAL TIGER PLC: Cobre: High-Grade VHMS System Confirmed, Significant High-Grade Copper Gold Results
16 Aprile 2020 - 10:44AM
UK Regulatory
TIDMMTR
16 April 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Cobre -- High-Grade VHMS System Confirmed, Significant
High-Grade Copper Gold Results
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, is pleased to
provide an update on Cobre Limited ("Cobre"), in which the Company
has a 19.99% interest.
Cobre has received and published the assay results from its
recent diamond drilling exploration programme within the Perrinvale
Project area of Western Australia.
Highlights of the drilling programme include:
-- Schwabe Prospect - drilling and assay results confirm the presence of a
high-grade VHMS system containing primary copper, zinc, gold and silver
at shallow depth, including:
-- DD Hole 20PVDD003 -- 6m @ 8.39% Cu, 3.52% Zn, 30g/t Ag, 0.14% Co, 3.1g/t
Au from 49m
-- DD Hole 20PVDD004 -- 6m @ 5.63% Cu, 3.89% Zn, 22g/t Ag, 0.1% Co, 1.4g/t
Au from 28m
-- Zinco Lago Prospect - drilling results uncovered disseminated, stringer
and narrow massive base metal sulphide mineralisation.
-- Exploration Programme Moving Forward -- further electromagnetic work will
now be completed to provide updated targets for the next phase of
drilling at Perrinvale.
Further details about the drilling results (including images)
are provided in Cobre's announcement, which can be viewed via the
following hyperlink:
https://www.asx.com.au/asxpdf/20200416/pdf/44gztnszv76n3r.pdf
Michael McNeilly, Chief Executive Officer of Metal Tiger plc,
commented:
"These are strong drilling results which confirm the presence of
significant VHMS mineralisation and strong grades across the
Perrinvale Project. I look forward to the results and analysis of
further EM studies which will help guide the next phase of
exploration drilling."
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 are available on its
website: http://www.cobre.com.au.
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited Tel +44 (0)20 7409 3494
James Dance (Nominated Adviser)
Jack Botros
Paul Shackleton Arden Partners plc Tel: +44 (0)20 7614 5900
Steve Douglas (Broker)
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger plc is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") with the trading code MTR and
invests in high potential mineral projects with a base, precious
and strategic metals focus.
The Company's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector. Metal Tiger has two investment divisions: Direct Equities
and Direct Projects.
The Direct Equities Division invests in undervalued natural
resource companies. The majority of its investments are listed on
AIM, the TSX and the ASX, which includes its 3.69% interest in
Sandfire Resources NL (ASX: SFR). The Company also considers
selective opportunities to invest in private natural resource
companies, typically where there is an identifiable path to IPO.
Through the trading of equities and warrants, Metal Tiger seeks to
generate cash for investment in the Direct Projects Division.
The Direct Projects Division is focused on the development of
its key project interests in Botswana, In Botswana, Metal Tiger has
a growing interest in the large and highly prospective Kalahari
copper/silver belt through its interest in Kalahari Metals
Limited.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200416005283/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
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