StockMarketWire.com - Metal Tiger notes that MOD Resources, the 70% owner of Metal Tiger's JV in Botswana, has today raised A$5.46m to fund ongoing expenditure on the Botswanan project.

In particular the funds raised will be utilised for feasibility studies in respect of the Joint Venture T3 copper-silver deposit and for further substantial exploration across the T3 Dome structure.

Work is set to resume on site in early January 2017 after the Christmas break.

Exploration will include resource extension and geotechnical drilling at T3, completion of soil sampling coverage of T3 Dome, systematic RC drilling along the T3 host sequence, a trial 3D IP survey to define structural targets at depth and diamond drilling for testing new targets.




At 9:47am: [LON:MTR] Metal Tiger Plc Ord 0.01p share price was +0.05p at 1.43p



Story provided by StockMarketWire.com