Metal Tiger comments on latest operating results from Cobre Resources

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Metal Tiger comments on latest operating results from Cobre Resources

Metal Tiger PLC (LON:MTR) has highlighted a new quarterly activities report that has been published by Cobre Ltd (ASX:CBE), a company in which Metal Tiger holds a stake of about 18.8%.

“This has been a strong quarter for Cobre with drilling continuing across the Perrinvale project, demonstrating significant high-grade copper-gold results,” Michael McNeilly, chief executive of Metal Tiger said in a statement.

“Results from the Schwabe prospect have been particularly exciting for Metal Tiger, following the drilling campaign confirming the presence of VHMS mineralisation at the Schwabe prospect as well as indicative results of further mineralisation to the north and south of the prospect. We eagerly await the further assay results from the ongoing drilling campaign and look forward to updating shareholders in the near future.”

Separately, the company also entered into a further equity derivative collar financing arrangement in relation to its shareholding in Sandfire Resources (ASX:SFR). 

Proactiveinvestors.co.uk

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