Power Metal Resources plc confirmed a large scale gold-in-soil anomaly at the Tati project located in the Tati greenstone belt near Francistown, Botswana.
RESULTS
The gold anomaly at the Sikukwe Zone was confirmed following laboratory assay testing results of soil and rock samples collected during the company’s Phase I exploration programme.
The second batch of samples, including 49 rock and 380 soil samples, were collected and sent for laboratory fire assay testing for gold in Perth, Australia.
Results confirmed a large scale gold-in-soil anomaly with coincident high-grade rock assay results up to 26.5g/t gold.
Soil sample assay results returned up to 1,614 parts per billion (ppb) gold, including 10 soil samples that returned >75ppb gold, representing an extremely high-tenor result.
Power Metal said that the results provided further support for the company’s accelerated exploration on the project.
Phase II exploration continues on delineation of targets for drill testing which is expected to start by the end of September 2021.
Chief executive Paul Johnson described the new results as very encouraging.
“Since Power Metal exercised its option to acquire the Tati project in July, we have conducted extensive accelerated exploration on the ground and that work continues today, as we vector in on targets for drill testing expected to commence later this month.
“Our thanks go to the ground operational teams and those with whom we are working in Botswana for moving the project to the cusp of potentially high-impact drilling in just two months from option exercise, which is quite a remarkable achievement.”