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Cobre Limited Initial Assay Results

--(BUSINESS WIRE)--  LONDON

20 July 2020

Metal Tiger plc

(“Metal Tiger” or the “Company”)

Cobre Limited Initial Assay Results

(AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that (ASX: CBE) (“Cobre”), in which Metal Tiger owns a c.18.8% interest, has today announced new high-grade massive sulphide copper at the Schwabe Prospect of its Perrinvale.Metal Tiger plcCobre Limited

:Highlights

Cobre’s full announcement including maps of prospect locations can be found here:

https://www.asx.com.au/asxpdf/20200720/pdf/44kns4hqgf602c.pdf

Mr , Chief Executive Officer of Metal Tiger, said:Michael McNeilly

As noted by , Executive Chairman and MD of , we are pleased that the early results from Cobre’s third drilling campaign at the has identified the presence of additional VHMS mineralisation in the company’s exploration area. In particular, preliminary drill results suggest continuity of the mineralised interflow horizon to the north and south of the high-grade massive sulphides at the Schwabe Prospect. Furthermore, the discovery of a second package of interflow sediments to the east of the existing Zinco Lago – gossan trend is also highly encouraging and we continue to look forward to further results from this increasingly exciting project.”Martin HollandLago RameCobrePerrinvale Project

For further information on the Company, visit :www.metaltigerplc.com

Notes to Editors:

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.Metal Tiger plc

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: Equity Investments and Project Investments.

invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in (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 for the Project Investments division.Equity InvestmentsSandfire Resources Limited

is focused on the development of its key project interests in , where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in .Project InvestmentsBotswanaKalahari 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.

Metal Tiger plc

Source:Metal Tiger plc

  • Initial assay results from Cobre’s third drilling program at the received;Perrinvale VHMS Project
  • First diamond core hole at Schwabe Prospect has identified additional VHMS mineralisation adjacent to previous drill results, with two massive sulphide zones intercepted at shallow depth, including:
    • 3.5m @ 3.4% Cu, 0.8% Zn, 0.10% Co, 368 ppm Pb, 1.1 g/t Au, 16.5 g/t Ag from 48.0m; and
    • 3.5m @ 2.0% Cu, 1.4% Zn, 0.07% Co, 344 ppm Pb, 0.3 g/t Au, 7.4 g/t Ag from 54.5m
  • Follow-up RC drilling at Schwabe indicates the VHMS mineralisation horizon extends both north and south of the main prospect area;
  • Visual observation from drilling at the Zinco Lago, Zinco Rame and prospects confirm continuity and indicates a second mineralised horizon along trend to the east; andLago Rame
  • Majority of assays pending, with results expected to be released in the coming weeks.

Michael McNeilly

(Chief Executive Officer)

Tel: +44 (0)20 7099 0738

Mark Potter

(Chief Investment Officer)

 

 

 

 

Richard Tulloch

James Dance

Jack Botros

Strand (Nominated Adviser)Hanson Limited

Tel +44 (0)20 7409 3494

 

 

 

Paul Shackleton

Steve Douglas

Arden Partners plc (Broker)

Tel: +44 (0)20 7614 5900

 

 

 

Gordon Poole

James Crothers

Hugo Liddy

Camarco (Financial PR)

Tel: +44 (0)20 3757 4980

Quick facts: Metal Tiger PLC

Price: 23

Market: AIM
Market Cap: £35.26 m
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