Power Metal reported it had delineated very high grade silver at the Silver Peak project in British Columbia, Canada. The company managed to complete six diamond drill holes, each at an average of 12 feet, and collect rock chip samples using man-portable equipment before the snows fell at the end of November. Weather conditions made […]
Tag: Canada
Power Metal drills at Silver Peak despite winter weather
Power Metal Resources plc said it had overcome bad weather by using smaller equipment to start diamond drilling at its Silver Peak project in British Columbia, Canada. CONDITIONS The company had expected to start a 500-metre confirmatory diamond core drill programme to test the Victoria vein. However, poor weather has prevented the drilling rig and […]
Power Metal exercises earn-in option to Silver Peak
Power Metal Resources has exercised its option to earn-in to the Silver Peak project in southern British Columbia, Canada. Following positive due diligence at the Eureka-Victoria silver mine, the company will now be able to earn-in to a 30% interest in the project, with an additional C$225,000 committed for ground exploration. A technical review is […]
Power Metal targets major finds and financial independence
Power Metal Resources announced its future strategy was to make one or more major metal discoveries and work towards financial independence. ASSETS The company, which focuses on cobalt, copper, gold, lithium, nickel and PGMs, recently raised £1 million taking its total assets to £3.04 million. Power Metal is involved in five main projects and two […]