Metal Tiger has been granted an exclusive period to carry out due diligence on the Mae Yom polymetallic prospect in Thailand. The prospect is believed to host copper, lead, zinc and antimony, and is in Phrae province.
Metal Tiger is partnered with South East Asia Mining and is conducting due diligence on a number of prospects throughout the country.
The joint venture has been given 45 days to carry out due diligence at the polymetallic prospect by Mae Yom's owner Thai Goldfields.
Metal Tiger’s chief executive Paul Johnson said tests so far had yielded highly anomalous copper, lead, zinc and antimony results.
Mae Yom surrounds an operating barite mine and is flanked by several former small copper mines.
Thai Goldfields currently holds three adjoining special prospecting licences (SPLs) which were granted in 2014.
In addition to the due diligence at Mae Yom, Paul Johnson said its Boh Yai and Song Toh silver, lead and zinc mines were making excellent progress.
Metal Tiger is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities. Metal Tiger provides financial and business support to companies to maximise the value of their natural resource interests and through this its aims to deliver significant returns for shareholders.