Power Metal Resources plc has identified multi-scale anomalies during due diligence at gold-nickel properties in the Tati greenstone belt, Botswana.
TREND
The company has the option to acquire 100% of prospecting licences 127/2019 and 126/2019, prospective for gold and nickel.
Compiled historical data has identified “multi-kilometre-scale nickel, arsenic and gold in-soil anomalies” on PL127/2019 and PL126/2019 ,and widely spaced soil sampling surveys by previous operators.
The 89km2 PL127/2019 is prospective for orogenic gold and intrusive magmatic nickel mineralisation.
Power Metal said that a >2.5km nickel-in-soil anomaly, with values up to 360ppm nickel, had been highlighted near the licence’s north-western border.
Historical data also shows a northeast-southwest trending >5km long arsenic-in-soil anomaly on the licence.
Multiple kilometre-scale arsenic-in-soil anomalies also extend directly from the Signal Hill gold deposit located southeast of the licence.
PL126/2019, covering 35km2, is prospective for orogenic gold and magmatic nickel mineralisation.
Historical data analysis showed a >2km long, northwest-southeast trending gold-in-soil anomaly, as well as a >1km long, nickel-in-soil anomaly, coinciding with a government-mapped mafic intrusive unit.
Power Metal said it would evaluate “several mine dumps” also identified in the north-western part of the licence.
Phase I is soon expected to start with ground exploration including infill geochemical survey grids, mapping and prospecting over the historical geochemical anomalies.
If the company exercise the option, it will acquire the licences through its new subsidiary Power Metal Resources Botswana (Pty) Ltd.
Phase II of ground exploration will include drilling.