Power Metal Resources plc has expanded its Perch River uranium project by 38% to include more helium anomalies and prospective geology.
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The move follows the discovery earlier this month of “highly significant” helium anomalies at the site within the Athabasca basin.
The company has now secured a further 1,514.8ha to the North taking the total size to 5,455ha.
Power Metal said that the new acreage covered “several strong hyperspectral helium anomalies” along the same geological trend and overlie prospective geology.
The acquisition costs are CA$908.89 (£540) with spend commitments of $22,722 (£13,585) per year. The first two years require no expenditure.
The company has also begun an “extensive” exploration programme across its wider properties on the edge of Athabasca.
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