Power Metal reports bonanza grades from diamond drilling at Silver Peak

Power Metal Resources plc announced bonanza grades from its 2021 diamond drilling exploration programme on the Silver Peak project in British Columbia, Canada.

PHASE I

The company completed 19 short-cored drill holes using Shaw or Hilti portable drills, producing 34mm diameter core samples.

INTERCEPTS

Power Metal said that assay analysis showed that 10 out of the 19 holes drilled returned bonanza grade silver (>1,000g/t Ag) with significant copper, zinc, lead and antimony credits.

A total of 14 of the 19 holes returned elevated silver mineralisation.·

Intercepts include:

– 0.9m of 3,998.2g/t Ag (128.6 oz/t) from DDH21-1 (including 0.3m of 10,648.5g/t Ag)
– 0.76m of 8,692.2g/t Ag (279.5 oz/t) from DDH21-2 (including 0.35m of 12,373g/t Ag)
– 1.75m 2,669.3g/t Ag (85.8 oz/t) from DDH21-7 (including 0.25m of 17,015.5g/t Ag)
– 1.52m of 2,808.2g/t Ag (90.3 oz/t) from DDH21-8
– 2.44m of 1,060.0g/t Ag (34.1 oz/t) from DDH21-12 (including 1.53m of 1,644.8g/t Ag)
– 2.43m of 1,631.5g/t Ag (52.5 oz/t) from DDH21-13
– 2.59m of 1,437.6g/t Ag (46.2 oz/t) from DDH21-15

The company added that the results represented some of the best silver results (grade and width) from the Silver Peak project to date.

VEIN SYSTEM

Power Metal said that the bifurcating (splitting) nature of the vein system, originally observed above the lower Victoria portal, was also observed in the 2021 drilling area.

This provides important structural information critical for planning future drill programmes.

Additional interpretation of the results is underway and overlimit analysis is being contemplated of select elements which occurred for copper, lead, zinc and antimony.