Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR), the AIM and ASX listed investor in natural resource opportunities, noted that investee company Cobre Limited has announced strong assay results from discovery hole NCP20A at the Comet Target (NYSE:TGT), Ngami Copper Project in Botswana.
In a statement, Cobre said the assays returned significant, high-grade copper-silver results, demonstrating the potential for economic grades in the district.
The company noted that the assay results have delivered one of the best copper intersections in the Kalahari Copper Belt to date, confirming a broad 30-metre zone of high-grade chalcocite mineralisation.
Commenting on the significant high-grade copper-silver assay results, Cobre’s executive chairman and managing director, Martin Holland, said: “These results highlight the potential for an economic deposit to be uncovered at Comet and our developing district within the KCB more broadly. Importantly, we believe that, based on these latest assay results, there is much more to come.
"In particular, the significance of the NCP20A copper intersection corroborates the Company’s previously reported visual estimates. This further reaffirms our exploration methodology and the high calibre of our African-based technical team on the ground."
Metal Tiger currently holds 46,989,136 shares in Cobre, representing approximately 20.58% of Cobre's enlarged issued share capital.
Cobre’s announcement can be accessed via the following link: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02608072-2A1418177?access_token=83ff96335c2d45a094df02a206a39ff4