UK-based natural resources company Metal Tiger plc has provided an update regarding the company’s joint venture (JV) project with partner MOD Resources Ltd (MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources/30% Metal Tiger).
Reclassification of the T3 Mineral Resource Estimate announced on 2 July 2018, by CSA Global, has resulted in a 13% increase in contained copper in the Indicated Resource Category (at a 0.4% Cu cut-off).
Total Mineral Resource Estimate remains at 60 million t @ 0.98% Cu & 14g/t Ag (0.4% Cu cut-off) for a contained 590 000 t copper and 27 million oz silver metal.
Indicated Mineral Resource contains 417 000 t copper and 18.6 million oz silver (0.4% cut-off) representing 70% of contained copper and 61% of the tonnes in the total Mineral Resource.
Drilling ongoing to extend high-grade vein underground potential outside of planned T3 Pit and for strike extensions outside the T3 PFS Expansion Case Pit design.
CEO of Metal Tiger, Michael McNeilly, commented: “Following on from the T3 Mineral Resource Estimate update announced on 2 July, we are delighted to report that a resource re-classification review has resulted in a substantial increase of contained copper in the, higher confidence, Indicated category.” “The project’s technical team consider that the resource upgrade may well support an increase in the design throughput of the planned T3 processing plant, and that there is now the potential that the feasibility study ore reserve could significantly exceed the ore reserve used in the PFS.”
Read the article online at: https://www.globalminingreview.com/exploration-development/16072018/13-increase-in-contained-copper-at-kalahari-copper-belt/