Metal Tiger PLC Receipt of final GWRI & KEMCO Hydrogeology Study
December 07 2017 - 5:57AM
RNS Non-Regulatory
TIDMMTR
Metal Tiger PLC
07 December 2017
7 December 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Receipt of final GWRI and KEMCO Hydrogeology Study and
Initiation of Monitoring Program
Metal Tiger plc (LON:MTR), the London Stock Exchange AIM listed
investor in strategic natural resource opportunities, is pleased to
announce that the Company has received the final report of a
hydrogeology study commissioned to the Groundwater Research
Institute ("GWRI"), based at Khon Kaen University in Thailand,
which relates to the Song Toh and Boh Yai lead-zinc-silver mines of
the Company's Thai Joint Venture ("Thai JV"). The study forms an
important part of the development plan, designed to bring Song-Toh
and Boh Yai mines back in to commercial production following the
planned IPO of the Thai JV listing vehicle KEMCO Mining PLC
("KEMCO") on AIM in an environmentally responsible manner.
The six-month field, lab and desktop study, entitled
"Hydrogeology near the planned Underground Lead-Zinc Mining at Song
Toh and Boh Yai areas in Kanchanburi Province", which involved
close cooperation between Metal Tiger Thailand (MTT) technical
staff and GWRI personnel, was commissioned in order to develop a
conceptual 3D model of surface and subsurface water flow. Data and
interpretations generated by the Study, as well as additional data
provided by MTT technical staff, has led to the development of an
ongoing Water and Environmental Monitoring Program, currently being
implemented with GWRI, that will generate additional water flow and
water table level data as well as chemical analyses at some 30
sampling locations throughout the project area. MTT is also in
discussions with Mahidol University in the development of a program
to enhance MTT's modelling of the water dynamics in the project
area.
This data will allow GWRI to further refine the 3D model so that
a thorough understanding of the baseline environmental conditions
of the site, during wet and dry seasons and transitional periods,
will be achieved. Repeated simulations using the 3D model software,
which incorporates constraints on water movement such as
topography, water catchment areas, existing tunnels, sink holes,
karst holes, faults, rock matrix fracture porosity, and soil and
geological variation, will allow interpretations of aquifer
location, interconnectivity, and storage capacity to be made in the
context of changing local precipitation amounts, river flow rates,
water table levels, and chemical analyses over time and in all
conditions. These interpretations will allow the Company and other
interested parties to understand how and where water movement
controls the distribution of metals currently existing in the
natural environment throughout the year as well as anticipate how
the Company's water management plans will be able to control the
distribution after the resumption of mining in an environmentally
responsible manner.
Data and interpretations from the Monitoring Program will be
merged with data generated by the Health and Environmental Impact
Assessment (HEIA) to form the basis of the environmental component
of the Mining Lease permitting process, while ensuring compliance
with environmental and social standards at national and
international levels. It will also enable the Company, in the
development of a comprehensive Water Management Plan, to define
operating parameters, establish environmental monitoring criteria
during production, and determine how to provide local communities
with additional clean water during the dry season, amongst other
things.
The Thai JV is committed to bringing the Song Toh and Boh Yai
mines back into production with full attention to environmental
impact awareness, control, and compliance. This study and the
monitoring program that has accrued from it are critical elements
in the process of ensuring that this commitment is met.
For a brief note addressing the specific technical findings of
the report, please go here.
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44(0)20 7099 0738
Keith Springall (Finance Director & Company Secretary) Tel: +44 (0)20 7099 0738
Gordon Poole Camarco Tel: +44 (0)20 3757 4980
James Crothers (Financial PR)
Monique Perks
This information is provided by RNS
The company news service from the London Stock Exchange
END
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