leadf
logo-loader
viewMetal Tiger PLC

Metal Tiger investee Cobre reveals “very positive” metallurgy results

“These early results associated with our metallurgical testing are very positive," said Cobre managing director Martin Holland

Metal Tiger PLC - Metal Tiger investee Cobre reveals “very positive” metallurgy results

Metal Tiger PLC (LON:MTR) has relayed metallurgical test results from Cobre Limited’s (ASX:CBE) Schwabe prospect, at the Perrinvale project.

AIM-quoted Metal Tiger owns an 18.8% shareholding in Cobre which has had analysis from a 90 kilogram sample from Schwabe. A composite head assay measured 3.6% copper, 0.08% cobalt, 0.03% lead and 1.1 grams per tonne (g/t) gold, and 13.1 g/t silver.

READ: Metal Tiger invests further in gold explorer Los Cerros

“These early results associated with our metallurgical testing are very positive, beginning to lay the foundation to assess the options for Schwabe to deliver economic returns,” Martin Holland, Cobre managing director said in the company’s statement.

“While we await more detailed results from IMO [contracted consultant], expected over the next eight weeks, we will internally assess the resource potential within our existing drilling at Schwabe.

“The team on site, while awaiting the arrival of the DHEM crew, are beginning to assess broader areas of the project for VHMS potential. We look forward to applying the knowledge gained across the board by successful drilling of VHMS on the project to date.”

Quick facts: Metal Tiger PLC

Price: 21.32 GBX

AIM:MTR
Market: AIM
Market Cap: £32.69 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Metal Tiger PLC named herein, including the promotion by the Company of Metal Tiger PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Metal Tiger PLC is well funded with interesting projects and looking for more

Metal Tiger Plc (LON-MTR) CEO Michael McNeilly and Director Terry Grammer sat down with Steve Darling from Proactive Vancouver to discuss their portfolio of resource investments.  The London-based team also talked about their current trip to Canada and the possibility of adding more...

on 31/7/19

2 min read