Power Metal Resources plc has identified a high priority drill target on a superconductor at the 1,723km2 Molopo Farms Complex nickel-platinum group elements discovery, southwest Botswana.
TWO CONDUCTORS
A hole, drilled in 2022, to a depth of 520m failed to intersect the modelled superconductor which is on target area T1-14.
The company then engaged a geophysicist who completed inversions of widely spaced audio-frequency magnetotelluric (AMT) survey results from 2020 over T1-14.
Power Metal said that AMT technology could measure a wider range of conductivities, compared with airborne and/or ground EM, and to a greater depth.
Results identified two distinct conductors at T1-14, in contrast to the single moderately dipping conductor previously identified.
One “very strong steeply dipping multi-kilometre long” conductor is co-incident with the keel, or base, of the feeder zone intrusion.
“This conductor has the potential to host massive sulphide mineralisation and thus has been deemed a high priority exploration target which has never been drill tested to date,” added the company.
“The second conductor identified is relatively flat lying and determined to be sedimentary in origin which led to the false targeting during the previous drilling campaign.”
Power Metal and its technical consultants now plan a drill programme at T1-14 to test the newly modelled steeply dipping conductor.
“Historical exploration work at Molopo Farms has been multi-year, extensive and absolutely necessary in order to narrow down key targets for exploration drilling within a very large licence footprint,” said chief executive officer Sean Wade.
“The company is targeting major discoveries and the work completed to date has confirmed that the MFC has the required geological ingredients to host a significant nickel deposit as found in other mafic/ultramafic belts worldwide.
“The work focused on target area T1-14 has delivered a superior database and is now the highest priority conductor target, based on all the evidence we have gathered thus far.”
The company also continues to engage with third parties on “commercial avenues” for Molopo.