Power Metal Resources plc has completed compilation of in-depth historic data ahead of exploration across its uranium portfolio surrounding the prolific Athabasca Basin in Saskatchewan, Canada.
EXPLORATION
The company said its fully digitised database covering its seven 100% owned interests over 411.96km2 was drawing interest from third parties.
As an example, following technical surveys and analysis, the Tait Hill property showed up to 15,150ppm (1.52%), 7,653ppm, and 6,610ppm U, as well as uranium in soil samples up to 14,358ppm (1.44%), 7,049ppm, and 6,692ppm.
Power Metal will start planning exploration initiatives for 2022 based on all properties’ data combined with results from the recently completed Phase I programme.
COMMERCIAL OPTIONS
Chief executive Paul Johnson said the company had for some time planned to move into uranium exploration.
“The staking undertaken was highly selective, focusing on areas where historical recorded work had demonstrated uranium mineralisation or where other geological features suggested that ground would be prospective.
“Although selective, the seven properties are clearly attracting some interest and we are looking at potential commercialisation options alongside planning for proactive 2022 exploration programmes.”
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