Two new “significant” gold-in-soil anomalies support the previously identified 8km gold trend at the Tati project in Botswana, said project owner-operator Power Metal Resources.
CHERISHED HOPE
The company collected 280 infill geochemical soil samples at 40cm spacing within the northwest and southern grids in the southeastern quadrant of the licence.
Sampling and independent analysis for 33 elements including gold helped determine the apparent anomaly strike directions which remain open in both grids.
“Significantly, the southern anomaly demonstrates a clear circa 400m southward trending extension (remaining open to the south and southwest) of the soil anomaly associated with the Cherished Hope historical mine workings,” added Power Metal.
“The current drilling footprint at Cherished Hope is around 150m in strike length, therefore the confirmation of the southern soil anomaly could represent a significant drill target extension.”
A follow-up exploration programme is planned while Cherished Hope has also attracted interest for potential small-scale mining.
“The Tati project continues to make excellent progress with the previously postulated 8km gold anomaly being further supported by the results of infill geochemical soil sampling announced today,” added chief executive officer Sean Wade.
“Based on the soil sampling data and the 8km long gold trend the project appears to offer the potential to host a very large gold deposit, which we know has been, in part, the subject of historical mining activity, further underpinning its development potential.”