Power Metal Resources has exercised its earn-in option for a 30% interest in the Silver Peak project in southern British Columbia, Canada.
PORTFOLIO
The project comprises mineral claims over a system of intrusion-related, silver-lead-zinc-copper veins, part of the former working Eureka-Victoria silver mine.
Power Metal will commit CA$225,000 to ground exploration.
A technical review underway focuses on next stage exploration including preparation for a drilling programme, subject to approvals.
Chief executive officer Paul Johnson said that Silver Peak was a material addition to the company’s portfolio.
“Power Metal, alongside the vendors, intend to push ahead expeditiously with exploration on the ground.”