Power Metal Resources plc marked an emotional moment as it secured its first 100%-owned project in Botswana with the receipt of the two gold-nickel Tati prospecting licences (PLs).
OPPORTUNITY
The vendors transferred PLs 126/2019 and 127/2019 to the company’s subsidiary Tati Greenstone Resources Pty Ltd (TGR).
“This is an extremely poignant moment for Power Metal, with the successful transfer of PLs securing Power Metal’s first 100% owned project in mining friendly Botswana,” chief executive Paul Johnson.
“We have been highly proactive at the Tati project, with multiple 2021 exploration programmes implemented which have identified multiple large-scale gold and nickel-in-soil anomalies, some of which we targeted during the recent reverse circulation drilling programme.
“We very much look forward to the receipt of the assay results from the drilling programme and further steps with this exciting 100% owned opportunity.”
TATI GREENSTONE BELT
Tati Greenstone Belt (TGB) is near Francistown, adjacent to the Zimbabwe border, in north-eastern Botswana.
The TGB hosts orogenic style gold deposits and magmatic nickel-copper-platinum group elements-rich sulphide deposits.