Power Metal Resources plc’s exploration fieldwork has returned “very significant” copper results at its proposed 12.5% earn-in on Block 8 in the Hazm area, northwest Oman.
AL MAIDAR
The concession is held by Australian-listed Alara Resources Ltd and Awtad Copper LLC.
A review of historical technical, geophysical and geological data has pinpointed an initial five target areas on Block 8.
Exploration has so far involved two phases of stream sediment sampling; geological outcrop mapping and rock sampling; an ionic leach soil geochemical sampling orientation study; and trenching on the Al Mansur target.
Power Metal has additionally completed planning a proposed gravimetric geophysics survey and identified a geophysical contractor.
The copper results were from assays of an initial 13 rock and float samples in a previously unexplored area.
An in-situ outcrop sample at the Al Maidar prospect returned 4.46% copper while a malachite float sample from stream sediment sampling over a 500m strike catchment returned 1.75% copper within 2km of Al Maidar.
The company said that results offered “excellent potential” to discover a copper deposit within Block 8 following further exploration.
“The company considers that the exploration work conducted to date on Block 8 has progressed extremely well in a short space of time, with the early identification of significant new copper mineralisation in the southern part of the concession.
“The technical team is building an excellent understanding of the geology and controls to mineralisation, and with the support to date of five Omani graduate geologists, [local subsidiary] Power Arabia is building a strong in-country team.
“Assay results for the stream sediment and ionic leach sampling and further rock chip samples are eagerly awaited.
“The next phase of exploration fieldwork is scheduled to commence in the coming days, this will continue to work towards satisfying the commercial and technical commitments of the proposed agreement.”
Power Metal also continues to seek long-term funding for its subsidiary.