Power Metal Resources plc said it was looking for additional uranium properties in Canada and Africa following high grade exploration results from its interests surrounding the Athabasca Basin in northern Saskatchewan.
TARGETS
The company reported rock samples up to 3.86% U308 (38,600ppm) from three of seven of its 100% interests: Tait Hill, Thibault Lake and Cleawater.
Phase I exploration involved collecting 20 rock samples for assay testing with multiple targets idenfitied for follow up exploration work in 2022.
Power Metal said that the results obtained from the programme followed only one day of prospecting on each of the three properties.
FURTHER ACQUISITIONS
Chief executive Paul Johnson added that confirmation of high grade uranium was extremely positive.
“There is considerable interest in the Athabasca uranium opportunity and Power Metal has, in my view and as evidenced today, built a compelling uranium exploration project portfolio in the area.
“We remain of an acquisitive mindset with regard to uranium properties and are currently reviewing additional Canadian and African uranium exploration opportunities.”