Metals & Minerals News

Power Metal granted Cherished Hope licence

Posted on Author editorial Comment(1)

Power Metal Resources plc has been granted a third prospecting licence, containing the historical Cherished Hope mine, in the Tati Greenstone Belt near Francistown, Botswana.

Prospective: larger exploration footprint covers multiple targets (Power Metal)

ANOMALIES

The company’s subsidiary, Tati Greenstone Resources Pty Ltd, holds the 16.14 km2 licence, which also holds a large gold-in-soil anomaly.

Prospecting licence 049/2022 adds to the company’s existing PL126/2019 and PL127/2019.

Power Metal will review all historical results for the new licence before planning further exploration.

Chief executive Paul Johnson described the grant of the additional licence as a significant achievement.

“With this new PL now granted, our upsized exploration footprint covers multiple targets across a highly prospective area for gold mineralisation, and we are accelerating exploration efforts to test the new Au-in-soil anomalies secured.”

Related Articles
Finance Metals & Minerals News

Scotgold receives first £1.2m tranche of Fern Wealth loan

Posted on Author editorial

Scotgold Resources Ltd said it had received and completed the first tranche of the new loans drawn down for £1.2 million from Fern Wealth GmbH. TRANCHES The amount is part of the £3m deal agreed with the syndicate of high net worth individual during April 2022, with the remaining £1.8m drawdown on or before 30 […]
Metals & Minerals News

Cornish Metals grants incentive stock options to PDMRs

Posted on Author editorial

Cornish Metals Inc has announced the issuance of 5,150,000 incentive stock options to directors and senior management. CORNISH METALS The options have an exercise price of 10 cents per share and are valid for a five-year period which is due to expire on 18 August 2025. The Canadian company, previously called Strongbow Exploration, is an […]
Finance News Oil & Gas

Union Jack looks overseas to cut risks to UK assets

Posted on Author editorial

Union Jack Oil plc is investigating international oil and gas opportunities to lessen future risk in its UK projects. STRATEGY In its half year report, the company said that there were still “several rich pickings” in onshore domestic oil and gas but that the regulatory process was “painfully slow”. “Over the past year we have […]

One Reply to “Power Metal granted Cherished Hope licence”

  1. Pingback: Power Metal finds extensive gold workings and dumps at Tati - Extractive Industries

Comments are closed.